4.01.2011

CalSTRS $56 billion hole, to demand another $688 million next year from bankrupt state budget

Read all about it at Pension Pulse.

They make ridiculous return assumptions and bad investments. We have to pay for the difference.

1 comment:

ubu roi said...

I left CA two months ago for a state with more rational economic policies. From a distance, the collapse is more spectacular. I feel like I've just been cured from a ginormous tapeworm that had been living inside me, and was about to hatch eggs.

White House considering new tax-deferred accounts to encourage investing

CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...