Tuesday, February 15, 2011

Reason Number 244 Kalifornia Needs to Slide Off into the Pacific

 Number of $100,000 retirees skyrocket in California's teacher pension system.

That's a 76% increase in 2 years.

Also, more than 9,000 state and local employees covered by the California Public Employees' Retirement System (CalPERS) are $100,000 retirees.

It's estimated that California has $150 billion in unfunded pension liabilities, and over $50 billion in unfunded retiree health care liabilities.

California had a operating budget deficit of $19 billion for 2010.

I guess none of these pensioners heard that California is broke. 19 Reasons Why It May Be Time For Everyone To Leave The State Of California For Good.

If not everyone, how about just Liberals?

Victor Hanson tells of Two Californias: Abandoned farms, Third World living conditions, pervasive public assistance in the once the once-thriving Central Valley.
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