If anybody still has any confidence in the manner in which our nation’s largest state has been run, this is a MUST READ. Steven Malanga of City Journalwrites of how California has methodically gone about screwing its future generations. CalPERS’s corruption, insider dealing, and politicized investments have overwhelmed taxpayers with debt. After spending years dogged [...] View the full post at: The Pension Fund That Ate California Related posts: California Pension Plans are in Big Trouble Public Pension Ponzi Schemes CalPERS Sues the Nation’s Largest Rating Agencies