Pretty silly to say that pension funds have "decimated" state coffers if they don't comprise the bulk of the debt, eh?
But we'll make it easy for you since you managed to actually cite something at all (a major 1st for a conservative!)--here's actual figures from the State of California's Governor's 2013 - 2014 Budget. . .
Now look at the debt chart (Fig. INT-03) showing spending needed to cover current debt in the state at the end 2013. Deferred payments to CalPERS (public employee pension system for CA) will be $ 0.4 billion, whereas total payment to service debt in 2013 will be $27.8 billion.
So 0.4/28.8 = 0.013 = 1.3%
An obligation comprising 1.3% of total debt payments isn't exactly the one breaking the bank, is it ? ?
Since when do we get in troubling for humiliating righties? is that a new forum rule?Originally Posted by penn1954