California faces a $1 trillion unfunded pension liability and lawmakers focus on foam and plastic straws – Orange County Register

California faces a $1 trillion unfunded pension liability and lawmakers focus on foam and plastic straws – Orange County Register:
"...Yet the real danger is that too many politicians in state capitals and city halls nationwide spend an inordinate amount of time pondering things to ban and, unlike busybody columnists, their bad ideas can be put into law, with negative consequences for individuals, families, and the economy in general.
...Before state lawmakers banned plastic bags, cities and towns across the Golden State had begun enacting their own bag bans and taxes.
That patchwork of local bag bans and taxes was then used convince lawmakers in Sacramento to go ahead and pass a statewide bag prohibition.
...California has racked up approximately $1 trillion in state and municipal unfunded pension liabilities. 
While California politicians have plenty of ideas for new taxes and regulations, they have no plans to rectify these soul crushing unfunded pension liabilities, which taxpayers are ultimately on the hook for..."
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