Despite strong returns, California pension funds’ fiscal hole got deeper

Sacramento Bee ^ | August 5, 2015 | Jon Ortiz

[artichokegrower]

With a new ballot proposal reigniting debate over government retirement benefits, the latest federal figures show California’s public pension debt in 2013 stood at $4,425 for every man, woman and child in the state, despite strong investment returns by public retirement funds.

[artichokegrower]

The problem with socialism is that they eventually run out of other people's money. Hey California meet Greece.

[Cincinatus' Wife]

[Cincinatus' Wife]

Please NOTE Wisconsin and the SURROUNDING states and then reflect on all the misinformation that you've been fed about Wisconsin and Walker.

Some facts and linked sources:

From Free Fall to Free Markets: How Wisconsin Turned Itself Around