Wednesday, March 7, 2018

Electing Gavin is instant bankruptcy

Taken together, spending on MediCal, debt service, pensions, and other post-employment benefits (OPEB) such as retiree health care already consumes almost 30 percent of the state’s general fund, according to S&P Global, the credit rating firm. While that is less than comparable spending by fiscally stressed states such as Oklahoma, Pennsylvania, and Illinois, it still may not be sustainable for the long term.
Teenage girls may swoon but  the private sector begins layoffs once Jerry is gone. 

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