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To: NormsRevenge

This from the San Diego Tribune??? LOL, the city that is being investigated by the SEC for issuing bonds without disclosing its epic shortfall in funding future liabilities.

http://www.sddt.com/Reports/reports.cfm?RID=216


5 posted on 01/22/2007 10:10:51 AM PST by groanup (Limited government is the answer. Now, what's the question?)
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To: groanup

Our relatively new mayor here in San Diego wants to solve our fiscal crisis in part by outsourcing as much as possible and by laying off municipal employees. The new requirements of the GASB that the cost of long term commitments be shown on city, county and state financial statements should add impetus to outsourcing. Private contractors have been at an unfair disadvantage because they have had no choice but to consider long term employee costs when bidding a job, whereas the similar costs of government employees have been hidden.


8 posted on 01/22/2007 10:29:40 AM PST by p. henry
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