Posted on 09/12/2010 10:59:03 AM PDT by John Semmens
California Democratic gubernatorial candidate Jerry Brown announced that he has a “foolproof plan” to rescue the state from its current fiscal crisis, but can’t reveal what it is until after the election. “I can assure voters that my plan is ingenious,” Brown promised. “It will balance the budget without cutting any spending or laying-off any workers.”
Brown said he can’t reveal any more details “because I don’t want anyone to steal my ideas. I’ve been burned before.” Sources close to the former Governor indicate that he is still upset that his idea for a 30-year reunion was “stolen” as the plot for an Adam Sandler movie—“Grown Ups.” In the movie a bunch of goofballs reunite after 30 years and demonstrate that they are just as immature and clueless as ever. Brown contends that this is the basic theme of his attempt to reassume the governorship of California that he held 30 years ago.
Brown contends that asking voters to take him on faith “isn’t as outlandish as my opponents argue. There is already precedent for acting without full knowledge as we saw with the President’s health care bill.”
Badgered by critics of the President’s 2,000+ page bill that few members of Congress read before voting on it, House Speaker Nancy Pelosi (D-Calif) famously said that “we had to pass the bill in order to find out what was in it.”
(Excerpt) Read more at azconserv1.wordpress.com ...
That's Libdrool for TAX HIKES!!!
The mystery of Jerry Brown's pension (Jerry's a double-dipper)
Orange County Register via DrudgeReport | 8/13/2010 | Brian Joseph
FR Posted on Friday, August 13, 2010 by GVnana
As Cali gubernatorial candidate Jerry Brown grabbed the spotlight with his criticism of Bell city officials and their outrageous salaries and pensions, The Orange County Register Watchdog got to wondering: How much will the Democrat for Governor make in retirement?
That , as it turns out, is a very difficult question to answer.
After more than a month of investigation, the Watchdog can only say for certain that Brown and a handful of other top officials are eligible for generous benefits under a special pension fund so obscure that few people in government know how it works and many thought it had been eliminated 20 years ago by outraged voters.
Under the law, Brown should have accrued, at most, 16 years of service credit in this special fund, known as the Legislators’ Retirement System, or LRS. Actuarial statements produced by LRS, however, indicate that an unnamed person of Brown’s age and earning Brown’s exact salary has been credited with 25 to 29 years of service. The difference would mean tens of thousands of dollars in additional pension payments for Brown each year.
Brown’s campaign staff acknowledge the unnamed person sure looks like the gubernatorial candidate but have been unable to explain the discrepancy over service. Officials at the California Public Employees’ Retirement System, which manages LRS, have similarly refused to cooperate ... -snip-
But perhaps most eyebrow-raising is the service of a current LRS member identified in actuarial reports only as 65 years or older with 25 to 29 years of service and a salary of $184,301. -snip-
The person listed in the actuarials appears then to be Brown. -snip-
The only problem is Brown should have only 16 years of LRS-eligible service: four years as Secretary of State (1971 to 1974), eight years as Governor (1975 to 1982) and four years as Attorney General (2007 to 2010). (Excerpt) Read more at taxdollars.ocregister.com ...
California debt may be half a trillion dollars: They knew in 11/29/09..........and earlier.
Dan Walters, Sacramento Bee, 11/29/09
FR Posted by SmithL
Just days before Gov. Arnold Schwarzenegger and legislators finalized a water package, including an $11.1 billion bond issue, state Treasurer Bill Lockyer warned them not to do it. California is already deeply in debt, Lockyer warned, has huge budget deficits and can't afford another big bond issue. "The days of blithely heaping more and more debt burden on the general fund are over – at least they should be," Lockyer said.
The earmark-laden bond issue, the package's single most controversial element, raises an interesting question: Just how deeply in debt are our state and local governments? The answer: No one knows for certain, since debt is scattered through myriad agencies in many forms, but well over a half-trillion dollars is a fair estimate.
Lockyer's warning pertained to the state's "general obligation debt," which currently stands at $59 billion, and there are an additional $50-plus billion in general obligation bonds that have not yet been sold.
The biggest chunks of debt, however, are the unfunded obligations for pensions and health care of retired public employees. (Excerpt) Read more at sacbee.com ...
So, what part of this is the satire?
Well it is not the use of Brown and fool in the same sentence.
From Mr. Obvious - RAISE THE TAXES.
Not much!
What! Russia to open new plant in Silicon Valley, thus providing jobs for many of the unemployed?? I know it’s just plain silly . . . .
Does he think we've forgotten?
Moonbeam.....there is a reason you are called that....dumb*ss!
In 1980, Jimmy Carter announced he had a plan to create three million jobs, and that he would reveal it after his 1981 inauguration.
At least Walter Mondale in 1984 had the simple honesty to say explicitly that he would raise taxes if elected, and didn’t hide it behind some secret plan.
Isn’t this incredible! “I can save Kalifornia and its citizens, but you have to ELECT ME first!!! Screw you ALL if you vote for someone else!” Shouldn’t such mind-numbing arrogance and contempt be enough to elect his competition??!!
What an absolutely stupid Democrat thing to say! This ex-mayor of Oakland hasn't had an original idea since he started using his left hand to wipe his a$$!
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