Posted on 11/15/2014 5:32:20 PM PST by SeekAndFind
exactly....welcome to Wiemar...
Hey, it's no problem for the fed gov, as they just print billions more.
Be happy, take a vacation...Go shop...
What a shame................
Oh geee, the LA Times missed the seething anger and contempt 20 years ago, but they finally got the story...
Great job LAT!
Nothing gets by the LAT.
The time to prove fraud was during the hearings.
On that note, read years ago about the escalating percentage of firemen that retired on 100% disability increasing with time, to the point that most chiefs were on it. Chiefs do not run into building or do much to risk injury as far as I know, but they do know how to game the system.
That's exactly what is going to happen.
Ya see all these states opened their arms to all these retired CA fire dept, cops and assorted other big gov employees, knowing that had that big dollar gold plated pensions....The residence loved it to thinking it would drive up their already bloated RE values...
Just wait till the wheels come off. The bearings are squealing bad...
In 2003 the interest rates were higher and I’m sure the actuaries didn’t dream of near zero interest rates into infinitum. That is not their fault imo.
Bending over backwards for the illegal invaders politically and financially is their fault however.
And cultivating an anti-business environment drove out multitudes of potential taxpayers, and that’s their fault as well.
Maybe they should hit up Hollywood for some bucks.
It’s nearly impossible to get a 100% disability in ca. The percentage applies to the actual physical disability. You have to practically be a quadriplegic.
You dio get a significant tax brake. I’m 55% and only pat taxes on one tenth of my disability retirement. Calipers peace officer retirement.
I would love to see government employees feeling the same pain as the rest of us.
And it's going to end.
The ideal would be on the Washington side of the Columbia. No income tax. Shop in Oregon, no sales tax.
“And it’s going to end.”
Its going to be very ugly when that happens but jerry brown would rather spend those pension funds on illegal invaders.
There is just no rational explanation for what has happened to california.
9/11 was a boon to insurance schemers; plenty of firemen “retired” after that. I’m sure some were legit, but I distinctly remember Giuliani’s dispute with the firemen (when he wanted to remove them from the site when the rescue turned into recovery); they insisted a detail should be there for any recovered firemen’s remains. Any that milked the overtime on those details that subsequently applied for disability related to “breathing issues” should be jailed for life (at the least).
Even worse, and what summed up the northeast’s ills more than anything else, was the next mayor’s response to those who saw employment opportunities in the 343 deaths: They weren’t replacing any of them, as they were overstaffed and looking at layoffs anyway. Think about that: At least 343 extra firemen were on the workfare dole.
Here in northern NJ our infrastructure is crumbling because retirees consume so much current revenue; streets are crumbling, stop signs blocked by foliage, all because we can’t pay people to fix them while simultaneously paying those that did it in the past (who retired twenty years ago).
As I work in the private sector, I have no concept of what it must be like to have a PENSION coming to me. Screw all of the politicians, the public employees unions, and everyone else responsible for taxing the crap out of me (who will likely be working into my 70’s) to pay for the pensions that these (mostly) useless public “employees” enjoy.
Taxpayers run bump
Bet the rent it's going to get ugly.
Lemme tell ya, the GD government is spending more money on tens of millions of illegal aliens, than they do for our military veterans.
The government folks eventually get gang banged like everyone else has and is. And by the very same city, county and state entities they worked for.
I have been one of those greedy self employed high income earners for a long long time. Last year I reduced my income by half and only paid Social Security Taxes for the most part, that was still $12k, this year I have reduced it by another 30-40%. I will not be a Slave to Public Pensions again EVER. Next Year I might qualify for an EBT Card, Which will be used exclusively in Las Vegas.
Imho if oil goes to $35@ barrel in the next 10 years as I think it will—California’s pensions will be funded in time for the big crunch.
imho oil will go to $35@ barrel by 2025. As the cost of oil drops, revenues to california’s institutions will rise & they’ll be fully funded before crunch time.
More illegal—that will fix everything. [/s]
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