Comment: Budget surplus, did you read the article?

(See in situ)

In reply to comment: Californian Here (see in situ)

Budget surplus, did you read the article?

" California’s unfunded public employee pension liabilities are said to amount to $80 billion even by the pension system itself, but critics say the real unfunded liability is much more, a “ticking time-bomb” that threatens the solvency of the entire state and local government network."

We used to be the 6th largest economy in the world, now we've dropped to 12th.

It is a perfect example of what bi-partisan politics produced over a number of years. Spend, spend, spend. Now with a super majority, fiscal conservatives can't make a dent in the problems.