California Republican wild capitalism crisis: 1990 to 2007, state lost 26 % of its factory jobs and 35 % of its high-tech manufacturing jobs. "Detroit(40 % unemployed), only with sunshine,". George Will. Real unemployment 20%. Job growth rate since 2000 is almost 20 % below the national average. Some county and state public safety employees retire at 50 receiving at least 90 percent of their final year's pay, forever. Taxpayers pour more than $3 billion a year into state employee pension funds, 10 times more than they did 10 years ago, and still there are large unfunded liabilities for which taxpayers are liable. More than 5,000 retired state employees' annual pensions exceed $100,000. If public employees did not begin drawing pensions until age 65, California would save half a trillion dollars through 2030.
