Oh, They'll Be Fine... Really

What's a meesley 500 Billion. What could go wrong?

California's $500-billion pension time bomb - latimes.com:

"The state of California's real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported.

That's the finding from a study released Monday by Stanford University's public policy program, confirming a recent report with similar, stunning findings from Northwestern University and the University of Chicago."