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How about that, a consulting firm with an amazing crystal ball that knows exactly what the stock market is going to do for the next 10 years. Not 6.3%, not 6.5%, but exactly 6.4%. Did CalPERS pay for the services of this fortune teller? Hope not.
Which part of "estimate" did you not understand?
Considering the geniuses at CalPERS apparently still base their funding level on a rate of return rate they haven't been able to meet for two decades straight, I'd suggest maybe your skepticism is misdirected.
Uh; Calif WON'T be allowed to break away and, IF by some crazy chance that state left the union, it'd pretty much LA county and the SF bay area since MOST of that state's still the US. Especially east of the I 5.
The same thing that happened during reconstruction of the South. All the legislatures and the Governor will be replaced by temporary "carpetbaggers" from the federal Government(Republicans) To straighten it out.
The vested interests are from republicans who regularly attack California for being a liberal state. A state with tough environmental regulations, desires for high worker wages, and support for assisting the poor. And even though California has its problems its philosophies of a clean environment, high wages for workers and aid to the poor are important, Christian-like and American.
And there is no actual republican conversation about California and its problems. Instead republicans start source-less threads with some negative aspect about California, and then all the republicans rush in to attack California from (every) angle.
How about having actual conversation about California's problems and how to fix them? Like actual conversation about making California's tough environmental laws more business friendly, or actual conversation about improving California's worker wages without hurting businesses, or actual conversation on how California can help the poor without massive government expense?
But republicans are not here to help solve California's problems, instead republicans are here to simply attack California.
Repubs would love to have a say or (conversation) about alas it's democratic ruled and we can only sit and watch it's destruction
LOL. Wasn't it you people who kept saying during the election that using bankruptcy is smart business???? I find the OP's naivete on the subject amusing but not surprising.
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Your above source is from the Mercatus Center at George Mason University. It is a corporate think tank who's main goal is getting environmental deregulation for large corporations.
So, when you can't refute the facts, attack the source.
The can change the constitution but they can't get rid of their pension obligations by doing so, ...
Why not?
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I find the OP's naivete on the subject amusing but not surprising.
