Wednesday Thoughts (1 of 3)
Pacific Gas and Electric coming out against Prop 23 to suspend AB 32 doesn’t shock me. As a utility completely regulated by a government commissioner (the PUC) all of whose members have swallowed the Al Gore Kool-aid, did they have a choice? It seems like every July, I ponder the dysfunction of our state legislature. We had no budget – let me repeat, NO BUDGET – yet legislators are on recess instead of working collectively to get the job done. Shame on the Senate President and Assembly Speaker. Guess what? There is no way to solve the pension crisis without significantly reducing benefits for current employees of state and local government. Creating a “new tier” for new hires just won’t cut it. Any and all leverage to achieve these reductions is warranted. I don’t agree with the Fresno Bee Editorial Board all of the time. But today they ask why their local legislators aren’t in Sacramento trying to work out a budget. I agree with that. All 120 legislators should be chained to their desks, if need be – but they won’t be. My friends Phil Trounstine and Jerry Roberts at CalBuzz asked if FlashReport … Read More