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CalSTRS_building.JPGUntil the state figures out how to deal with its massive unfunded liabilities, any claim of a balanced budget is wishful thinking, Dan says.

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See other Dan Walters Daily clips here.

PHOTO: A bicyclist keeps her sweater handy with dark clouds looming as she rides in the shadow of the CalSTRS headquarters building on Riverwalk Park in West Sacramento on September 30, 2013. The Sacramento Bee/Manny Crisostomo



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