http://online.wsj.com/article/SB10001424052748703699204575017182296077118.html

Public Employee Unions Are Sinking California

Months after closing its last budget gap, the Golden State is $20 billion in the red.

In the hopes of being useful to friends and colleagues in Los Alamos, I will start to post links to relevant articles as I come across them. This one, from today's Wall Street Journal, says that there will be very strong pressure on California to reduce its pension payments to California retirees. California negotiated a deal with NNSA to give the legal responsibility of covering LANL retirees increased pension costs to NNSA if California would give a big pot of pension funds to LANS.

Given NNSA's fiscal problems and California's fiscal problems, this deal may be redone. The losers could include LANL retirees and the current LANS pension plan. There do not seem to be any other sources of money for the state of California.

The demise of LANL:The rest of the story

Doug has quit. Rightly so.

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