WC Varones

Don't lend your hand to raise no flag atop no ship of fools

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 comments:

Ubu 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.

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