Submitted by tom on
An outstanding article in Bloomberg about the deficit's impact on educational resources--particularly the University of California system.
Front and center among the drivers of the current (and projected) deficit are pension obligations.
A perverse situation where the foundation that will actually fund those pension obligations (bright workers and entrepreneurs educated in the state) is being hollowed-out by unreasonable levels of spending and unrealistic pension promises.
Source: Bloomberg
Glossary:
Forums:
- Log in to post comments
