Just a little problem of $200 billion to $300 billion

Even as Gov. Arnold Schwarzenegger-Shriver-Kennedy keeps signing red-ink budgets and pushing for his wildly expensive socialized medicine scheme, the state’s finances keep getting worse. Former state Sen. Keith Richman, who’s long been on the top of the issue, says state and local unfunded government pension liabilities are from $200 billion to $300 billion.

That’s up to three times the whole state general-fund budget of $100 billion.

It’s money California’s kids will be paying their whole lives — unless they leave the state.

This is the issue Arnold should be grappling with. Instead, he’s pushing it off into the future, after he leaves office, and instead making matters even worse.

Recall Arnold.

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