Posted on 12/22/2016 1:58:31 PM PST by SeanG200
The pension crisis in California is the worst in the country, and it will continue to get worse as Jerry Brown and the environmentalists strap this state with regulations that choke businesses to death -- see:
✦ California Regression - Eco Craziness - https://youtu.be/MuKO0pjCes8 ✦ Cow-Farts in London - Jerry Brown - https://youtu.be/nl6Vcvogcyg
Gee, I wonder what will happen when their whole setup blows excrement-high and they start screaming demands that the federal government step in and take on the whole load so their “public servants” can continue to pull down their jumbo pension benefits and super-sized health plans?
“as Jerry Brown and the environmentalists strap this state with regulations that choke businesses to death”
As a life-long Californian, I can’t wait for Brown to choke this state’s businesses to death, because it’s the only way to rid the state of this current pack of Commies.
CalPERS needs $1 billion extra next year just to stay solvent.
CalPERS investment forecast wrong again…pension fund remains out of control
Eric Stern of the state Department of Finance said the phased-in plan is supported by Gov. Jerry Brown, who previously scolded CalPERS for moving too cautiously on lowering its investment forecasts. Stern said the annual payment to CalPERS from the state’s general fund, now about $5.4 billion, will likely rise by $1 billion.
Read more here: http://www.sacbee.com/news/business/article122088759.html#storylink=cpy
http://www.sacbee.com/news/business/article122088759.html
No problem ... the peasants still have money so raise taxes.
CALPERS assumes that they will earn 7.5% return on investment forever. Ha ha ha!
I saw a meeting on tv of the CALPERS people probably twenty years (?) ago.
They were all full of themselves and how they were going to control the private sector because they were buying so much stock.
They REALLY don’t want to sell that stock.
They didn’t see CALPERS as a retirement fund.
They saw it as a political weapon.
Jerry Brown is an environmentalist?
Really?
The man who is intentionally drowning the State in massive numbers of legal immigrants and illegal aliens?
Destroying habitat, creating massive pollution, and bringing in people who could care less about the natural state of the State?
Really?
That guy is a Friend of the Earth?
BS
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