Why Are We Paying California Pensions?

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California Sued After Concealing $320 Billion In Annual State Payments

The money quote:

California, a state whose $3 trillion GDP ranks it ahead of the United Kingdom, spends an enormous sum of money. The state spends more than $320 billion per year with federal taxpayers funding $106 billion of it. If taxpayers can’t follow the money, it will be hard for the state to address its mounting fiscal challenges.


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