wood side. thank you linda. >>> get ready to work longer, pay more into retirement and bonus payments for retirees, forget about it. that's what san jose mayor chuck reed told city employees in his state of the city speech tonight. outlining his plan to save the city from what he calls fiscal disaster. among other things, reed wants city employees to have to work until social security retirement age to be eligible for full city retirement benefits. >> there is no more money. the well is dry. the $445 million we're spending on public safety this year is more than we will receive in revenues from the property tax, sales tax. >> well you know, if i understood the mayor correctly tonight, he wants us to work to age 67. i got to ask you, how comfortable would a 65-year-old or a 67-year-old feel chasing down a 20-year-old in a gang neighborhood? >> earlier this week the city went public with a plan too lay off hundreds of police officers and firefighters if the unions didn't agree to concessions. san jose faces a $110 million deficit for the next fiscal year. >>> well you know that your credit will be ruined if you don't pay your mortgage, or if you're