Headline: Why The Dot-Com Bubble Is Key To Understanding California’s Growing Public Employee Pension Debt
Publication: Capital Public Radio
Article Date: Sep 19, 2016
California faces a mounting public employee pension debt. To figure out how the State of California got in this situation, it’s helpful to rewind the clock to the late 1990s, back to the days of the dot-com bubble. That’s when the state and local governments chose to make pension benefits a lot more generous. It’s a decision that turned out to have lasting implications. Read article…