November 16, 2009

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.”

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