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California’s Looming Public Pension Crisis

Other state pensions are in a similarly bad shape. The choices for them will be one of the following, or a combination: raise taxes, cut “services”, lower pension payouts, or raise pension...

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California Governor Brown Admits: “We have lived beyond our means”

I came across nice example, albeit on the state level, of what I outlined a little while ago regarding which party would shrink and which party would expand government spending: The government will not...

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