November 21, 2011

“The biggest problem with the pension is that the city didn’t put in enough money. Our investment strategy has made a bad situation worse. Everything else in the discussion — 401(k) plans, pay freezes, amortization schedules, union bashing, pension envy — is just political whack-a-mole around these fundamental facts.”

— Linda Perrine in a letter to the Voice of San Diego

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