Why California Is Going Broke

[Danzig]

Originally Posted by cal828

http://www.pewstates.org/research/re...ap-85899371867 Here is some interesting reading on state pensions. The people that did this report claim to be non-partisan and pension problems seem to be a problem for all except a handful of states, no matter which party dominates the state legislature.

pensions are getting hammered because interest rates are in the toilet. and it's been heading that way for years. but promises were made, so they're in horrible shape.