UNREAL: 18% OF NYC'S ANNUAL BUDGET IS FOR PUBLIC PENSIONS

Annual pension contributions have skyrocketed from $1.5 billion — 6% of the city budget — in 2002 to an estimated $8.5 billion — 18% of the budget — in 2012.

THIS IS TRULY A DICTATORSHIP OF THE PROLETARIAT - IF THE PROLETARIAT IS AN OVERPAID PUBLIC WORKER WHO HAS RETIRED YOUNG.

NYC TAXPAYERS ARE SOOOOOOOOOOO SCREWED.

(VIA GLENN REYNOLDS.)

[YES: THE CITY SPENDS $60 BILLION A YEAR.]