[WOBBLY BOB]

Kalifornia will be our Greece.

[gleneagle]

You are correct, Kalifornia will be our Greece. And, there is hardly a state or city of any size that can possibly afford their public employee pension liability.

Kalifornia just raised their acknowledged unfunded obligation from $55 billion plus or minus to over $550 billion. That is a big oopsie.

Can any of you Californians tell us how that is going to get paid when the state can not even come close to balancing its current budget????

[OB1kNOb]

Kalifornia will be our Greece.

Yep, and Los Angeles' current financial crisis is just the first wobble of the California domino.