In this short video clip from Fox Business Network’s Varney & Company, John Stossel discusses with host Stuart Varney how high-paying government jobs and pension costs are hurting state governments across the country. Says Varney, “The extraordinary pension payments to retired government workers is the single biggest issue in the insolvency of California.”

Tune in to John Stossel’s show on the Fox Business Network this Thursday evening to see a special guest appearance by Steven Greenhut, author of Plunder! How Public Employee Unions are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation.