California.. It’s the Public Pensions Stupid..

Published reports say Contra Costa has about $2.4 billion in retirement debt. Under-funded public pension plans are not unusual.  But the rising costs seem to go unchecked.

Daniel Borenstein likens Contra Costa County's finances mess to a family that’s gone wild with the family credit cards. What will they do, when the bill is due?

See it – Link it:

Borenstein column in Contra Costa Times

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