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<title>CA: Breaking the law for a bad cause (protecting cushy state pensions)
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<link>https://freerepublic.com/focus/f-news/1246134/posts</link>
<description>Was it Freud or Jung - or maybe Professor Irwin Corey (&#x26;#x22;the world&#x26;#x27;s foremost authority&#x26;#x22;) - who defined &#x26;#x22;insanity&#x26;#x22; as &#x26;#x22;trying the same thing over and over again and expecting different results&#x26;#x22;? This year&#x26;#x27;s state budget includes a pension-funding scheme that&#x26;#x27;s a clone of one that was ruled illegal just 12 months ago. The plan is to float up to $2 billion in bonds - without giving the electorate a say in the matter. Last year&#x26;#x27;s formula for $2 billion in &#x26;#x22;pension obligation bonds&#x26;#x22; also cut voters out of the equation. It was struck down by a state Superior Court...</description>
<author>OC Register</author>
<comments>https://freerepublic.com/focus/f-news/1246134/posts#comment</comments>
<pubDate>Fri, 15 Oct 2004 16:35:55 GMT</pubDate>
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