9.25.2009

Waterboard the water board!

In the midst of foreclosures, unemployment, and generally the worst economy since the Great Depression, Southern California's Metropolitan Water District is going to increase pension benefits 25% for the unions.

Nice work if you can get it.

HT: T-Dub.

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Quotations from Chairman Varones

There are very few financial problems that can't be solved by a suitable application of asset bubbles.