David Friedberg · All-In Podcast · 13 January 2026
“There are some estimates that say that the pension shortfall in California for public employees that have retired is 600,000,000,000, maybe as high as a trillion dollars short of the legal obligations of payments that need to be made to those retirees”
Verbatim excerpt with a timestamp. The full recording is at the source; we link out and do not host it. Everything David Friedberg is on record saying.