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.


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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