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# Letter: Sad read
- URL: https://www.smdp.com/sad-read/
- Published: 2024-03-11T13:00:00.000Z
- Updated: 2024-12-11T23:46:46.000Z
- Author: Guest Author
- Tags: Letters, Opinion, letter to the editor, #wp, #wp-post, #Import 2025-11-06 12:20

Dear Editor,

What a sad read your [commentary](https://smdp.com/2024/03/06/santa-monica-is-broke/?ref=smdp.com) in the March 6, 2024 edition of the *Daily Press* was.

Imagine any CEO of a company saying their unfunded pension liability was $265 million and he “hoped it would be manageable in 20 or 30 years….”

But hey, CALPers manages our investments, and “There’s nothing we can do about it” \~ we can always increase taxes (call them fees) or sell more bonds!

Yup, as long as governments work this way, we’re on a road to nowhere…

If this happens at City level, one gets giddy thinking what goes on at State and Federal levels.

*Peter von Geusau, Santa Monica*