CALIFORNIA PENSION UPDATE: L.A. Times: Are CalPERS’ Hands Clean?
Sacramento Bee: Get to the root cause of CalPERS mess.
San Diego Union-Tribune: Ignorant arrogance / CalPERS should apologize, not proselytize.
Pittsburgh Tribune: CalPERS’ troubles mirror issues for many public savings systems.
Related: American Thinker: California’s Tax Follies. “Despite the way many taxpayers feel, a tax refund is not free money from a benevolent government. It’s actually surplus collected and used by the government interest free. Surprise! The loans that Californians are now forced to make to their squandering state government will pay 0% interest.”