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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California isn’t the Golden State, it’s the Public Employee State. Nothing makes the case more succinctly than what’s now unfolding
John Seiler: California legislators eager to put a tax increase on a special election ballot in June, as demanded by