Friday, June 26, 2009

Martin Weiss on California mess

Good article about the mess California is in and how that will trigger even more problems nationwide this summer.

Unfortunately, Michigan is as bad ( 24 billion in unfunded retirement state pensions).

Interesting factoid:

California is America’s most populous state with 38 million people. Its GDP of $1.8 trillion is the largest in the U.S. Its economy is bigger than those of Russia, Brazil, Canada, or India.

And it's burning down...

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