Concerning where private retirement funds are kept invested, check US Bonds and other US securities.
There's no mad conspiracy going on there ~ the fact is Obama himself is rather stupid, woefully undereducated regarding anything outside a narrow piece of law, and he's unable to attract first-class talent to his cabinet or to the sub-cabinet positions in the agencies.
Compounding all of those deficiencies the guy has no sense of scale or proportion.
No, we're not -- nor was John Chiang. He is talking about the liability associated with health benefits for current and prior employees. Do you know what an unfunded liability is?