4 ms·

GDP comparisons are worthless, but cash flow to debt is an important metric. If it was compared to cash inflows of the actual government entity it would be int

• ghein 8y ago
  In 2005 (pre bankruptcy) each GM car had $1525 worth of health care costs and $675 worth of pension cost built into the price. So $2200 was being spent on benefits for a population that had 1 worker for every 2.5 retirees. In California, School Districts are increasing pension contributions from 8 percent of their payroll in 2013 to 19 percent in 2020. This is already creating havoc as teachers unions are threatening to strike unless they get pay increases because districts were saving money to prepare themselves for the 2020 budget math! https://calmatters.org/articles/california-teacher-pension-debt/ https://calmatters.org/articles/california-teacher-pension-d...