The Truth About John Arnold is a project sponsored by the National Public Pension Coalition and Californians for Retirement Security. It is a roadmap that shows just how far one billionaire has gone to decimate retirement security for millions of public servants all over the country. Arnold spends through a number of channels, including his private foundation and political PAC, Action Now.
Today, Arnold is leveraging his fortune to bend public policy to his will. According to his own disclosures, he has spent up to $50 million on a nationwide campaign to gut public pension benefits. He has financed every facet of anti-pension movement, including tainted research, political advocacy organizations, ballot initiatives, journalism, and the campaign coffers of anti-pension politicians.