California's pension costs "a locomotive"

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US -California governor Arnold Schwarzenegger equated the state's rising pension costs to a "locomotive" and pledged to make pension reform a priority in 2010 in his annual State of the State address yesterday.

Addressing the California legislature, he said: "We are about to get run over by a locomotive and we can see the lights coming at us. We can see the lights coming. I ask the legislature to join me ...

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