¶ The common-law meaning of the term “waste” has nothing to do with garbage, and everything to do with the failure of stewardship that has allowed politicians to yield to public unions’ pension demands throughout the decades of postwar prosperity. Charles Duhigg examines the situation on the ground in Costa Mesa, California, where a conservative real-estate developer, Jim Righeimer, has been attacked for his fight for fiscal responsibility. There are no heroes in this battle, which, ultimately, pits self-interests against the common weal. ¶ It’s nice to know, though, that California’s legislators won’t be paid until they do their job, and present a balanced budget to Governor Jerry Brown.

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This entry was posted on Wednesday, June 22nd, 2011 at 10:30 am.