The coming inflation bomb

[leyba]

I read a week-old news item this morning about California's pension liabilities in CalPERS, CalSTRS, and another system (I forget which) being about half a trillion unfunded, which is about four times the state's annual budget. In a given year that budget pays for schools, transportation, prisons, health and human services, and more

Comments

[coffman]

Thanks for the food for thought, my friend.