The Big Picture

Patrick Goldstein and James Rainey
on entertainment and media

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On the Media: How the press missed the pension increase for California public employees

December 8, 2010 | 10:53 am

The introduction to California's whopping expansion of pension benefits for public employees should have read: "Supersize Me."

But it's taken more than a decade for the press to give any extended attention to the story. Only now are taxpayers learning the fortune they might have to pay so government workers can enjoy cushier retirements than the average Joe.

How did the media so badly miss such a gigantic threat to the fiscal stability of the state? Read today's column.

-- James Rainey