California’s Pension Bomb
Once widely viewed as the most beautiful state in the nation, world-renowned for its climate and its beaches, California is now flirting with disaster, seemingly destined to become America’s version of Greece. The state is hurling toward bankruptcy, but still rewards its workers with lavish pensions that the state lacks the resources to sustain. John Stossel discusses this ticking time bomb with Dan Mitchell from the CATO Institute and Los Angeles Mayoral candidate Kevin James.
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