U.S., CA Debt Explained in 3 min.
The following 3 minute video explains what’s wrong with government debt. It specifically concerns the federal debt of $15.2 trillion (the number has gone up since the video).
But it also applies to California’s $500 billion debt for government-worker pensions.
Where’s all that money going to come from?
Jan. 7, 2012
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May 25, 2012 By John Seiler I love this part of the political campaign, just before the election, because the
John Seiler: Sen. Tony Strickland’s bill to strip pensions from public employees who commit financial felonies on the job failed