Bless Her Heart: Doomed California Republican Wants to Block Federal Pension Bailouts

ff9cSGrove Bless Her Heart: Doomed California Republican Wants to Block Federal Pension Bailouts

It’s cruel to point out that
California Assemblywoman Shannon Grove (R-Bakersfield) has pretty
much no chance of getting anywhere with her efforts, but let’s at
least praise her for trying. Grove has introduced a resolution to
try to stop the state from accepting any sort of federal pension
bailouts that the Obama Administration may offer down the line.From her
web site:
“I am proposing this preemptive measure because I firmly believe
that each state is responsible for their own fiscal decisions.
California taxpayers should not be held accountable for the failed
fiscal policies of other states, just as others should not be on
the hook for ours,” said Grove. “The ‘balanced’ budget Governor
Brown unveiled last month conveniently ignored billions of dollars
in unfunded pension liability, and the changes made to public
pensions in recent years will only save the state a fraction of
what it spends on these obligations. We can’t just ignore these
numbers, and we should not expect a federal bailout. I want to
bring more attention to the fact that the California legislature
alone needs to seriously and significantly address our billions in
state debt.”
Her efforts are part of the “No Pension Bailout”
proposal by the free-market think tank Illinois Policy
Institute that was endorsed by the Republicans of the Joint
Economic Committee in Congress.Her resolution, AJR 10, would need to be passed by both houses
of the state legislature and would be sent to Congress if passed.
It doesn’t require the governor’s approval. But that doesn’t matter
because the Democrats have a supermajority in the state legislature
right now and can shut it right down. It’s not likely Democratic
state legislators – whose campaigns are typically bankrolled by
union groups – would have any more courage than Brown to tackle the
pension crisis. They have absolutely no incentive.

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Bless Her Heart: Doomed California Republican Wants to Block Federal Pension Bailouts


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