Pat Miller is president of the Sutter County Taxpayers Association.
1 posted on
12/15/2008 2:31:31 PM PST by
SmithL
To: SmithL
And this is different than Social Security how?
2 posted on
12/15/2008 2:34:35 PM PST by
Uncle Miltie
(SARAH *** JOE *** 2012!)
To: SmithL
Madoff was a piker when it came to Ponzis.
3 posted on
12/15/2008 2:37:12 PM PST by
Travis McGee
(--www.EnemiesForeignAndDomestic.com--)
To: SmithL
If changes are not made, the pension debt will eventually consume most of the county's budgetNo big surprise to anyone who is following this. 90% of the counties will be facing this in the next 10 years.
Add into that teachers retirements, 100% of all counties (or state) in the Untied States will have to increase taxes at least 50% just for retired public employees.
What Colorado has done, and it's probably the model followed in the rest of the states, is when they had a big surplus in the State Employees Retirement Pension plan, rather than let it 'go to waste' they made huge increases in the retirement benefits.
Auto workers bailout? PEANUTS. This is going to dwarf anything we've seen so far.
Fortunately, this can easily be solved by raising taxes, and thus fueling the economy.
4 posted on
12/15/2008 2:38:00 PM PST by
Balding_Eagle
(Overproduction;, one of the five top worries of the American farmer.)
To: SmithL
Public employee pensions are killing CA. Slowly people are waking up to that fact. Until they are brought in line with the private sector, no CA gov’t can hope to be fiscally responsible.
5 posted on
12/15/2008 2:38:21 PM PST by
Lou Budvis
("I did not have sex with that woman..." = "I did not have contact with the governor..")
To: SmithL
The best paid employees in my little Gulf coast county are county employees. Without a lawsuit to challenge a court order based on the voting rights act, nothing will change.
6 posted on
12/15/2008 2:38:42 PM PST by
Jacquerie
(More Central Planning is not the solution to the failure of Central Planning.)
To: SmithL
This is the socialism that the voters want. The county pays retirements with money it doesn't have, resulting in a downward spiraling debt. Services are continued for illegal aliens but curtailed for the taxpayer, e.g., police, fire districts and public maintenance are the first to go (missed by the taxpayer;) welfare benefits, schooling and health care are continued for the illegal alien.
Pulling the illegals from the equation, the normal working stiff will suffer from the curtailed public services while the government employee is generously pensioned, even if living elsewhere.
7 posted on
12/15/2008 2:51:13 PM PST by
Thommas
To: SmithL
I suppose it's no coincidence that Yuba City is by tradition ranked dead last year after year in all those places-rated books.
The town is pretty much a strip mall with homes built on the circumference. Nice view of the Sutter Buttes though.
9 posted on
12/15/2008 2:57:51 PM PST by
Flycatcher
(Strong copy for a strong America)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson