Monthly Archives: December 2011

Chapter 2: Don’t Stand Around Asking If The Sky Is Falling – The Wrong Question Is More Dangerous Than The Wrong Answer

Since the Stanford Institute For Economic Policy Research (SIEPR) issued its latest report on California’s public pension spending, a fair amount has been written by those who are seriously concerned about the potentially enormous size of the unfunded liability of … Continue reading

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Chapter 1: New Lessons From The O.C. – State And Local Governments Must Learn To “Express” Themselves

On November 21, 2011[1], the California Supreme Court answered a question posed to it by the United States Court of Appeals for the Ninth Circuit[2] as part of ongoing federal litigation between the County of Orange and its retirees. In … Continue reading

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