Comments about ‘Oakland, Calif. plans to issue bonds to pay pensions’

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Published: Wednesday, July 11 2012 11:00 a.m. MDT

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Salt Lake City, Utah

California's finances have been in trouble for years and their problems are only escalating as their debts start to pile up. Borrowing money to pay pensions is a fool's game because you have to pay the debt off .... with interest.

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