Monday, April 12, 2010

California pension liability tops $500 billion, Stanford study finds

Subject: txt cali mny crpt - State's

"In post-recession, post-stimulus-program America, we've gotten used to some frighteningly big numbers being thrown around in the discussion of public finance.

Nevertheless, it was difficult not to be alarmed at the bottom line in a study of California's pension obligations conducted by Stanford graduate students and touted Monday by Gov. Arnold Schwarzenegger."

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