Thursday, April 15, 2010

California At The Breaking Point

[HT:FC]Subject: txt 2010 cali crpt -
A new Stanford study says California's public-employee retirement funds are $500 billion in the hole.

It's news that unions and their candidate, Jerry Brown, don't want to hear.



The government union money machine has had a good [for them] run. But increasingly there are signs that it is heading for a crackup with the taxpaying public.

Such an event may occur as early as this November in California, where the machine has had probably its greatest 'success' at the cost of the most fiscal damage...

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