I fully agree but good luck in passing such laws. There is a group in California trying to put similar legislation on the ballot. This group has a daunting job to get the petition on the ballot and then to pass it.
We do not have an unfunded liability problem. We have a compensation problem. In many states, public employees are receiving on average hundreds of thousands of dollars of hidden deferred compensation. We need full and clear disclosure of public employee compensation with sensible limits on public employee compensation.
“I fully agree but good luck in passing such laws.”
I said we need a revolution and I meant it.
“We do not have an unfunded liability problem.”
Some states (mine, NJ) and more than a few local and county governments do have major unfunded liabilities, due to their huge defined benefit compensation plans.