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To: george76

That’s an expensive bullet.


3 posted on 11/14/2018 3:38:53 AM PST by dp0622 (The Left should know if Trump is kicked out of office, it is WAR!)
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To: dp0622

California’s pension system is only 60% to 70% funded.
Taxes would need to double to cover this gap.

But if huge, expensive infrastructure projects are undertaken using unions and government workers (Bullet Train, Delta Water Fix, etc), money will flow to fill the pension gap.

Large infrastructure projects are often not needed except to backfill some government deficit. So the more wasteful the project, the better to bail out the pension system. Capish?


11 posted on 11/14/2018 4:11:38 AM PST by WayneLusvardi (It's more complex than it might seem)
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