Excerpt
California state and local governments are facing liabilities of $118 billion or more over the next 30 years to fund promises of generous health-care benefits for retired public employees, according to a state commission report released Monday.
You see, if you run the Enron Pension plan you go to jail. If you make the Enron scandal look like a bounced check, you get to run a government pension plan.
And we want these people to run our health care?
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