California has $63b and growing in unfunded pension liabilities. The surplus is only a cash cushion. The problem is vastly reduced if you can shift healthcare

California has $63b and growing in unfunded pension liabilities. The surplus is only a cash cushion. The problem is vastly reduced if you can shift healthcare costs from the unfunded pensions to single payer or Medicare for all, I think that’s likely to happen in the next 20 years.