About this episode

The episode discusses financial mismanagement in California, focusing on CalPERS, the state budget, and fuel policies.

Three stories, one pattern: more of your money, less accountability. CalPERS — a $556 billion pension — plays politics, finishes near last in the nation, and won't let retirees see the books. The state budget posts a record revenue boom and still can't balance without raiding $20B in reserves and raising taxes. And gas hits $6 while California keeps banning a cheaper fuel 49 other states allow. Plus the 6-Shooter: one voter and two ballots, Newsom's 100% tax, and a veteran killed over a yard sign.

Topics covered

• pension funds
• state budget
• taxation
• fuel policy
• politics
• voting issues

Keywords

• CalPERS
• California budget
• taxes
• gas prices
• politics
• voting

Mentioned in this episode

Organizations: CalPERS

Places: California

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