"The total unfunded OPEB [other postemployment benefits - the largest of which is typically retiree health benefits] liability reported in state and the largest local governments' CAFRs exceeds $530 billion."  Government Accounting Office, November 2009."I've seen the reports that Governor Schwarzenegger was specifically looking for aid and it's something that obviously folks at the White House are taking a look at."  White House spokesman Bill Burton, December 24, 2009.(Read Full Post)