Originally posted by man down
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Originally posted by man down View PostTry again, look up pensions.
https://www.politifact.com/californi...early-30-bill/
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Originally posted by flipbjefrox View Post
According to a January 2017 study, “California state and local governments owe $1.3 trillion as of June 30, 2015.” The study was based on “a review of federal, state and local financial disclosures.” In other words, that $1.3 trillion in debt is the amount to which California governments admit.
If you total up the unfunded liabilities of all state and local public pension systems in California, the projected debt comes to around $333 billion, Nation says. But that’s a conservative figure based on official reports. It could be up over $1 trillion.
https://californiapolicycenter.org/c...vernment-debt/
Can California’s Economy Withstand $1.3 Trillion of Government Debt?Last edited by man down; 03-05-2019, 08:25 PM.
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Originally posted by man down View PostYou would think people on here would know I dont talk out of my arse by now.
https://www.forbes.com/sites/thomasd.../#2047eb6b3a23
https://www.latimes.com/politics/la-...118-story.html
https://californiapolicycenter.org/c...vernment-debt/
Public pension vs surplus are two different conversation. You should know that by now
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Originally posted by flipbjefrox View PostPublic pension vs surplus are two different conversation. You should know that by now
Thats like saying I have a 500k home loan and have a surplus. That doesnt make sense and you know that. End of the day the bill is due.
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