Tim Cavanaugh Talks Bankruptcy (Fiscal and Ethical) with KOGO's Chris Reed, 6:33pm Pacific

Reason Senior Editor will talk about municipal bankruptcy and the delaying tactics of government employee unions with the San Diego Union Tribune's Chris Reed tonight on San Diego's KOGO 600 AM.

Topic: As more California towns look to bankruptcy as a way out of their crushing debts for public employee compensation, union flunkies in the state legislature are trying to find ways to force taxpayers to pay every penny of their million-dollar pension plans. The latest scheme is a roadblock for municipal banrkuptcy. The Sacramento Bee's Dan Walters explains: 

Assembly Bill 506 by Assemblyman Bob Wieckowski, D-Fremont, is the latest incarnation of a political battle stemming from the bankruptcy of Vallejo and warnings by other local governments that they are flirting with insolvency.

Unions fear that contracts and even pension benefits could be abrogated by bankruptcy and have been seeking legislation for several years that that would make it more difficult. AB 506 would, if enacted, require local governments to have a "neutral evaluation process" completed before seeking bankruptcy and would assign the task to the state Debt and Advisory Commission. But critics say that agency is dominated by union-friendly Democrats.

Cavanaugh and Reed will liquidate all, for your listening pleasure. 

Time: Tonight, 6:33pm Pacific, 9:33pm Eastern

Place: San Diegans (Diegers?) can tune their Marconi sets to 600 on the AM dial.

Others can listen live on the worldwide cybertubes.