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How Bad Pension Accounting Sunk Stockton
The [San Jose CA] Mercury News 
[Opinion] Aug. 21, 2012 "This summer's bankruptcy filing by Stockton is a lesson that fiscal problems have to be dealt with; they don't just fade away. Why would any government think otherwise? Blame flawed assumptions about public pensions: The nationwide use of erroneous standards has papered over the truth about the size of the pension obligations of many states and municipalities." MORE >> |
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