San Francisco faces the "Children of Men" scenario
"Keep that kid safe - we need him to pay off the national debt."
Here are some stories that fit together. First, the San Francisco Chronicle reports that the average city pension in San Fran pays more than the average worker earns. At least there are plenty of jobs to pay taxes.
Not so fast: Companies leaving California in record numbers. Well, at least there will be a new generation of people to support the pensioners.
Not so fast: "San Francisco losing kids as parents seek schools, homes"
New census figures show that despite an intense focus by city and public school officials to curb family flight, San Francisco last year had 5,278 fewer kids than it did in 2000.The city actually has 3,000 more children under 5 than it did 10 years ago, but has lost more than 8,000 kids older than 5.Just 13.4 percent of the city's 805,235 residents are younger than 18, one of the smallest percentages of any city in the country. In 1970, those younger than 18 made up 22 percent of San Francisco. In 1960, they made up 25 percent.
A pension fund bankrupting a city? Why, that couldn't happen in America.