California debt now running closer to Italy and Portugal, new study finds

By California Policy Center
For Immediate Release January 11, 2017 California Policy Center Marc Joffe, (415) 578-0558 A landmark study of California’s finances reveals the state’s debt burden is approaching the levels of Italy and Portugal, where debt crises in 2011 and 2012 drove the Eurozone countries to the brink of collapse. The findings come a day after...

TAGS: California, California Public Employee Retirement System, pensions, public employee pensions