Reply #6: keep your eye on the $145 billion ball [View All]

[Zan_of_Texas]

The California pension fund has $145 Billion in assets. That's a lot of money, folks. Even in big money parlance, that is a lot.

CalPERS will be a juicy target for Pawnold and his friends. Just like UTIMCO (permanent university fund in Texas) was for George W. and his buddies. Just like the Florida pension fund (JEB was one of three on the oversight board) inexplicably lost over a hundred million dollars buying Enron stock as it plummeted in near freefall.

Yeah, looting doesn't begin to cover what's going on.

The government is broke so the response is, we fight wars for no reason, and give the rich money in tax cuts that the rest of us will have to pay back with interest, because it's borrowed money.