California's politicians are worsening the state's pension obligations, with the Assembly passing two bills that reverse some of former Gov. Jerry Brown's pension reforms and introduce new retirement perks. Public unions are leveraging the AI market boom as justification for these expanded benefits. Taxpayers are expected to bear the future cost, which could skyrocket during stock-market downturns.

These legislative actions, which passed with near-unanimous support, are drawing criticism for potentially creating a future tax burden on younger generations. The state's pension obligations have been a significant concern, and these new measures appear to exacerbate the issue, despite the state's current financial outlook. Gov. Gavin Newsom faces a decision on whether to approve these bills, which could have long-term financial implications for California.