by Michael Hiltzik, Los Angeles Times
Along with taxation and immigration, one political issue that never seems to go away is the cost of public employees, especially their pensions.
Public retirement plans are consistently blamed for local and state budget woes. Any time a community runs into fiscal trouble, its workers are among the first to be demonized, and often bear the brunt of the remedies. After all, pension obligations are typically among the largest liabilities any government entity must bear, so why not hack away?