The other day someone remarked that Don Bankhead has never accepted the blame for any of the bad votes he’s made since the beginning of his 23 year reign on the city council.
Twenty-three years at the helm…surely there must be at least one single thing that even the most narcissistic of government officials would accept partial blame for, right? Well, how about Fullerton’s pension crisis? Don Bankhead voted for every single pension and salary spike put in front of him over the last 23 years, and has done absolutely nothing to curb the excesses that have brought hundreds of millions in debt upon the shoulders of Fullerton Taxpayers.
Let’s see what he has to say for himself:
Who’s fault is it? Oh, it’s the stock market’s fault!
Nobody could have possibly predicted that stock investments carry an inherent risk, and that their value may not increase forever, and that by boosting these pension commitments, Bankhead was dumping ever-increasing chunks of risk onto future generations of Fullerton taxpayers. And of course the unions would never try to talk an unsuspecting buffoon into boosting their benefits at the very peak of a cycle, where smooth sailing into a rich eternity seems practically guaranteed.
Nope, none of this is evident to the dim bulb who went along with the biggest series of heists in Fullerton history. It’s all somebody else’s fault, and there’s nothing that he can do about it now.
Sadly, nobody has had the heart to tell Don Bankhead that the pain of nearly two hundred million dollars in pension debt will be shared by his very own children and grandchildren.
How’s that for a legacy?