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Religion & Law

: Constitutionally Correct

Public pensions and California?s fiscal future

By Alliance Alert

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NCPA (WSJ): "California simply cannot solve its budgetary problems without addressing government employee compensation and benefits, says Arnold Schwarzenegger, governor of California . . . Thanks to huge unfunded pension and retirement health care promises granted by past governments, and also to deceptive pension-fund accounting that understated liabilities and overstated future investment returns, California is now saddled with $550 billion of retirement debt, says Schwarzenegger."

Full post as published by Constitutionally Correct on August 30, 2010 (boomark / email).

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