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Correction on PERS

I am thankful to my readers. Thanks for your emails Here is an update to my blog posting earlier. People we must stay awake. Be not dumb downed by the system. Stay awake.

Correction:

I may have given you a wrong number on the PERS lawsuit. I said PERS total assets were $36 billion. I got that figure from the 2010 PERS financial statement.

However, I've been reading that the fund has $20.8 billion as of June 2011. Which means that 16% (not 8%) was swindled from the PERS fund.
http://www.desototimes.com/articles/2011/08/13/news/local/doc4e43155674fe0150288484.txt

MPB says $20 billion: http://mpbonline.org/News/article/pers_head_says_system_sustainable

After reading further, I am OUTRAGED that Barbour's commission is being funded by federal stimulus money. Money that was SUPPOSED to be used on repairing infrastructure and creating jobs.



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