Topic: Bell California

The mayor and seven officials of Bell, California, were arrested for misappropriating tax funds. Former city manager Robert Rizzo reportedly made $800,000 a year. The hosts explain the "pension spiking" loophole in California law, where officials inflate their final year's salary to secure massive lifetime retirement benefits paid for by other municipalities.

The hosts characterize the arrests in Bell, California—complete with police battering rams—as "theater" designed to appease angry taxpayers. They predict the officials will serve little to no jail time and may still collect their inflated pensions, as the acts were technically legal maneuvers within a corrupt system.