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States Gone BROKE: California's Billion Dollar Budget Debacles

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Uploaded by on Apr 6, 2010

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California state pension funds going broke, Stanford study finds
http://news.stanford.edu/news/2010/april/pension-fund-problem-040510.html

California's $500-billion pension time bomb
http://lmgtfy.com/?q=http%3A%2F%2Fwww.latimes.com%2Fnews%2Fopinion%2Fla-oe-cr...

'Something's Got To Give': Massive Pension Fund Shortfalls Threaten To Bankrupt States
http://www.huffingtonpost.com/2010/04/05/somethings-got-to-give-ma_n_525860.html

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  • All the crappy law enforcement will lose their pensions. Ha Ha!

  • if they go after busness they will just pack up and leave..

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  • The jews in hollweird have billions! Tax your porn industry you stupid broke fucks!

  • tamah...but still swerte pa japon mo may budget gihapon

  • Back in the mid 1990's, the state of California was the worlds 3rd largest economy. That is, the 3rd to the United states, the Japan, then THE STATE of California!

    Once Governor grey Davis was done with hiring on an additional full 1/3 more state employees,as well as giving sweetheart deals with unions, the state employers have been leaving in droves.

  • Be prepared. Good advice.

  • The DEMOCRATIC clowns up in SACRAMENTO whoring out to the UNIONs by pandering to the ILLEGALs have bankrupt this STATE.

  • I live in San Diego, CA and we suffered from a corruption scandal a few years back. We entered a recession 1 year prior to the rest of the country. Prior to that money was free flowing to many. Now, going 2 a job interview is like going to a casting call. Many government job training programs and free classes have shut down long ago. I went to a job fair with only 6 companies present & only 2 were hiring. In a brief seminar we were told to consider internships & not say that we can't afford it.

  • People should have thought about that when they were buying that toshiba computer, toyato vehicle or eating at a restaurant owned or managed by immigrants unless your goal is to feed their families and watch them drive their lexus s.u.v.s on your hard earned money.

  • @JohnRinNoHo I think you're correct....

  • @ripperduck

    I should have said "providing services" instead of "demanding".

    I don't think we have a real disagreement, only one of semantics.

    A "bail out" is when someone picks up your bills.

    A hoped-for high return on investment is not a bail out.

    The "free market" is simply the freedom to buy and sell your property without undue interference from the government.

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