[muawiyah]

I think I’m going to gag ~ California’s State Controller John Chiang has actually proposed supporting budget outrages by ripping off the retiree’s medical benefits package.

[Oldexpat]

A lot of companies and the states are hoping that universal health care will take this burdon off their backs and put it on the federal tax payer.
There is no doubt that Zero and congresscritters are going to try and get this done..soon.

[calcowgirl]

California’s State Controller John Chiang has actually proposed supporting budget outrages by ripping off the retiree’s medical benefits package.

Where does it say that? It sounds like he is suggesting setting aside money now to pay for the unfunded obligations, which are in the range of $50 Billion dollars.

[semantic]

Blah, blah, blah. Did you know that the entire set of state, district, county, city, etc pension funds are invested primarily in corporate bonds - including a huge portion in the big 4 banks?

Did you know that the various state, districts, counties, cities, etc have something like $500b in uninsured deposits in these self same big 4 banks?

Now you know why Hussein and his henchmen are trying anything to keep the big 4 banks from declaring bankruptcy to the tune of $2-4t in losses(they are already insolvent).

Anybody with a either a 401(k) or pension can expect a big fat -0- in pretty short order. And don't think S/S is going to pick up the slack - when the sovereign wealth funds stop buying our Treasuries, the central gov't itself basically collapses.