The Protected Class

In a timely editorial, Governor Schwarznegger puts an exclamation point on my post from 2 days ago.  See the entire editorial at the link below, but in the meantime check out the graph he included.  What a racket- while the taxpaying world adjusts, expands, and contracts, the government never adjusts, always expands, and the taxpayers foot the bill.

One key line from the editorial in case you missed it.  You need to have $1 million in your 401k when you retire in order to generate the same retirement payment of the average California state employee.  $1 million.

ED-AM115B_schwa_NS_20100826182703.gif

Link to entire editorial:

http://online.wsj.com/article/SB10001424052748703447004575449813071709510.html?KEYWORDS=arnold

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