Re: Racist bubba put his obnoxious face in front of the wrong person and got shot, hilarious

On Thu, 14 May 2026 11:08:04 -0600
Hound Adams <[email protected]> wrote:

> On Thu, 14 May 2026 07:19:19 -0700
> "chine.bleu" <[email protected]> wrote:
> 
> > super70s wrote:  
> > > "It's actually not surprising," Roberts said. "It feels like it
> > > was one of those things that was bound to happen."    
> > 
> > Smart people reduce risks when bad things are bound to happen.
> >   
> 
> Yet you're still living in imminent bankruptcy-land.
> 
> "As of May 2026, California faces significant fiscal pressure with a
> projected $18 billion budget problem for 2026-27 and estimated
> structural deficits of $15 billion to $25 billion through 2029. While
> the state itself cannot legally declare bankruptcy, experts warn it is
> "functionally bankrupt" due to a potential $1 trillion pension
> shortfall."
> 

Key Impacts of a Potential Failure:

Direct Beneficiaries: Over 714,000
retirees and beneficiaries receive monthly payments.

Active Workers:
More than 1.6 million public employees (state, school, and local
agencies) would face the loss of their future retirement security.

Wider
Economic Impact: CalPERS pension payments contribute over $30 billion
annually to California's economy. A failure would significantly reduce
local economic activity, as 84% of CalPERS retirees live within
California.

Taxpayer Liability: With the fund's status at approximately
79% (or lower depending on market fluctuations), taxpayers are already
on the hook for a roughly $180 billion shortfall, which would increase
in a failure scenario.



//"Smart people reduce risks when bad things are bound to happen."//