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When the people fear their government, there is tyranny.
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California controller warns of $72 billion unfunded retiree benefits! It means there will be more taxes

Posted on | December 16, 2014 | 1 Comment

California controller warns of $72 billion unfunded retiree benefits

(Reuters) – California State Controller John Chiang warned on Tuesday of a growing $71.8 billion unfunded liability to cover the state’s retiree health and dental benefits. The cost is up $7.2 billion from 2013, in part due to new mortality assumptions that men live two years longer than previously

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Comments

One Response to “California controller warns of $72 billion unfunded retiree benefits! It means there will be more taxes”

  1. EARTHPLANET
    December 16th, 2014 @ 2:18 pm

    I thought governor moonbeam and the shockandawecrats said the budget was balanced in CA.

    Oh.. That’s right. They have a imaginary credit card where they can report imaginary monies.

    Just like our imaginary jobs report of 5%..those imaginary people in the imaginary houses are working at imaginary jobs..

    Pretty soon CA will have a surplus and no one will be unemployed. Zeros…

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