Tag Archives: CalPers

The Public Pension Crisis and Taxpayer Liability

Scary Pension Math By Steven Malanga “After six years of a Bull Market, State and Local Governments owe at least $1 Trillion.” January 2016 Since early 2009, Wall Street has enjoyed the third-longest bull market in history. Catalyzed by super-low … Continue reading

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San Bernardino Surrenders

San Bernardino Surrenders By Steven Greenhut The bankrupt city gives in to California’s public pension giant. Now what? June 2014 California’s taxpayers should have been rooting for the bankrupt city of San Bernardino as it wrestled with the California Public Employees’ … Continue reading

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