Washington’s Blog – by Carl Herman
Among the game-changing “fake news” We the People are told by “leaders” in government and corporate media is that government employee retirement contributions placed into investment funds pay for retirees’ benefits.
Let’s summarize the data of California’s 2011 Comprehensive Annual Financial Report (CAFR; the last time I looked) and what it means for the state’s 12 million households: Continue reading “Government employee retirement funds are NOT funded by ‘investments’”
