ext_370466 ([identity profile] sandwichwarrior.livejournal.com) wrote in [community profile] talkpolitics 2010-04-13 03:53 pm (UTC)

When you're paying out more on pension-plans than you're bringing in it's called being "in-the-red" stay "in-the-red" long enough and eventually you run out of money.

California's budget woes have been a long time in the making.

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