Posted by Tina
Well so much for that nest egg you might have been counting on for your kids college or to pay for your old age care:
Gov. Schwarzenegger commissioned a Stanford university study to examine the costs of the California’s public sector pension plans. The results are not pretty: [California Foundation for Fiscal Responsibility President Marcia] Fritz said the $535 billion shortfall estimated by the Stanford report means every household in the state is on the hook for about $36,000. ”That’s how much they owe to government workers for their retirement benefits,” Fritz said. – Washington Examiner
How much more will be asked of the taxpayer? What kind of future will our young people have? Why do our representatives think there is a bottomless pit of money, theirs for the taking? When will they get how irresponsibly they have managed our hard earned money and STOP?