Quote from 377OHMS:
I was stunned to read that Orange County alone has 10 billion dollars in unfunded pension liabilities.
That is alot of money for a single county. This will be the second time that Orange County goes bankrupt.
I moved to Orange County in 1991. Three years later they declared bankruptcy.
Looks like we're headed back there again. This time we won't be alone. Almost every major city and county in California is teetering on the brink.
