CalPERS’ sophomoric economic study can’t hide debts, losses and costs
Wednesday, July 13th, 2011By Daniel Pellissier In a transparent attempt to divert attention from billion-dollar losses and unfunded liabilities that will last two generations, CalPERS released its own study of the fund’s economic impact trying to take credit for $26 billion in economic activity generated by its generous retirement benefits. Of course, the economic impact would be the […]