Posts Tagged ‘pension debt’


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GovPensions.Con


Tuesday October 13th, 2015   •   Posted by K. Lloyd Billingsley at 10:01am PDT   •   0 Comments

As Lawrence McQuillan has noted, unfunded pension liabilities have soared to $4.7 trillion nationwide and California accounts for $550 billion to $750 billion of the total. A case outlined by Brad Branan in the Sacramento Bee shows why California is a leader in this field. In Loomis, near Sacramento, town councilman Brad Wheeler was…
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Class-Action Lawsuit Targets Taxpayers


Wednesday September 30th, 2015   •   Posted by K. Lloyd Billingsley at 11:58am PDT   •   0 Comments

In California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis, Lawrence McQuillan discovered that California accounts for $550 billion to $750 billion of the $4.7 trillion in unfunded pension liabilities nationwide. The biggest player is the California Public Employees’ Retirement System (CalPERS) which in 1999 assured legislators that its investment earnings would…
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GovSpending.Con


Monday July 20th, 2015   •   Posted by K. Lloyd Billingsley at 10:53am PDT   •   0 Comments

California taxpayers, the most embattled in the nation, have good reason to wonder how much their government is spending. According to Dan Walters of the Sacramento Bee, a veteran observer, government is spending a lot more than people think. The 2015 state budget has been reported as $115.4 billion, for the general fund, and…
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