San Francisco is trying to deal with a $360M budget deficit for the coming year, or maybe not "trying" after all.
Handing out $170M in cost of living bonuses doesn't seem a very effective way to fight a budget imbalance.
This fiasco follows the November 2010 defeat of a measure that would have made union employees pay more into their retirement.
The unfunded liability for retirements has tripled from last year to $1.6 Billion.
I wonder how much worse it has to get for the taxpayers in that city to wake up?
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