California's Unfunded $500 Billion Pension Liability, There Is More: Health Care, $62 Billion.

• California needs a peoples initiative to nullify government unions and allow a open shop, no more closed shop. In California it is a closed shop, meaning you have to join and pay union dues if you work in a union shop. Not fair!
• Governor Brown in his first terms, signed the law for government unions.

 Here is an excerpt from this excellent report, 

Most California cities are just as bad, if not worse off. San Francisco has a $4.4 billion OPEB liability, which is zero percent funded, according to CACS. San Jose’s $2.1 billion liability and San Diego’s $1.2 billion liability are both only 9 percent funded. Oakland’s $520 million liability is zero percent funded. Surprisingly, Los Angeles, which has a $6 billion liability, has managed to provide 59 percent funding.

• Several California cities declaring bankruptcy, will the State of California be next?

Read the rest of this great report in the CALIFORNIA POLITICAL REVIEW by Dave Roberts.