Clearing Up Some Pension Math
David Crane

More fuzzy math from anti-union millionaire David Crane, who, as Arnold Schwarzenegger’s economic advisor, presided over the state’s massive budget deficit and economic decline. Not the kind of guy you trust with numbers; particularly when they are skewed like they are here. Of course Crane crops the picture around the Great Recession instead of the long-term health of the state’s pension systems, which remain top-rated by Moody’s and Fitch.

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