CalSTRS reported ready to seek more s...

CalSTRS reported ready to seek more state funding

There are 1 comment on the Sacramento Bee Newspaper story from Oct 11, 2011, titled CalSTRS reported ready to seek more state funding. In it, Sacramento Bee Newspaper reports that:

For more than two years, CalSTRS has been talking about asking state lawmakers for more money to plug its funding gap.

Join the discussion below, or Read more at Sacramento Bee Newspaper.

Rob Johnson

Phelan, CA

#1 Oct 13, 2011
We already have $500 Billion in unfunded Publ empl pension DEBT.

It seems that our Legislators burned through not only our tax revenues but have borrowed so much in service to their Union masters that now our Kids credit rating is being compromised.

The State is now exploring options to borrow against our GRAND CHILDREN and the Unborn's future earnings to keep pace with the Public Employee Unions never ending demands for more and more and more of their neighbors hard earned MONEY.

We should have paid attention. We saw the Unions buy the Democratic Party in the State and we did NOTHING to stop the madness.

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