Posted on 03/07/2009 7:59:47 AM PST by TigerLikesRooster
Ping!
wouldn’t that be funny if they went broke?
after burdening ca taxpayers with their bloated government of unions,
and destroying public education?
in the name of progressivism.
Frankly, I’m surprise the California legislature hasn’t been able to rape CalPERS like the Feds have destroyed Social Security.
CALPers provides defined pensions for millions of pensioners. Many of us earned those pensions and paid into the program, fair and square.
It would NOT be funny.
They’re leftists. They don’t care. If their shenanigans work, then they’ve advanced progressivism. If they fail, then they’ll blame Bush and demand a bailout.
Nahh, wouldn’t be funny, because the way it’s set up, every city, county and the state would be on the hook, just as they always are, to make up any losses that CALpers has. The next report should show CALpers took a significant loss, and the assessment to each government should be more than enough to toss us into the next crises and round of tax hikes.
Anyone hiring out of California? There’s three conservatives who really need to find sanity again.
It is only fair that public sector employees help out the county governments and cities of California that employ them. That bestow such outrageous compensation packages on them via sweet heart deals
The private sector is being decimated so I have no sympathy for any downward adjustments in the public sector. I am hoping it comes and by bankruptcy if necessary. Same as GM will very likely be filing some kind of bankruptcy because it is the only way to open up the “inviolate” labor and pension contracts
State of California is definitely heading for total collapse.
Now why did you have to say that? LOL I had this flashback to my Dad screaming at the TV when those old Grape Nuts commercials with Euell Gibbons would come on. He’d tell ol’ Euell to go eat pine bark and grass! The only commercial that ever upset my Dad!
You’re right about the eco-nuts but with all the smog out there I’m afraid their healthy bark-and-grass gruel may give them cancer...
I’ll bet CALPERS has all kinds of Harvard and Ivy League wise guys running the show.... Along with geniuses from the California university system
I could be wrong but I think the state of California is obligated to bail out CALPERS for any losses it takes. Total bs if this is true
Before obama,thanks to the fools smd parasites that put ihm in power, every pension fund in the United States of Amrica including Social Security will be out of money. All property will be confinskated by the Federal Government. Food will be rationed and evryone that is alive will be living in a government camp under governmental control.
And I thought I had a warped sense of humor.
Even two years ago Freepers were predicting California would get a Federal bailout for its budget. Freepers were wrong in the sense that all states are getting Federal stimulus now AKA bailouts
It certainly wouldn’t be funny to my husband and I. He’s retired, and they pay his retirement!
“Many of us earned those pensions and paid into the program, fair and square.”
And CalPers, along with the state and localities that fund your and many others pensions has a good chance of going into bankruptcy, fair and square leaving you with a fraction of your pension, if any at all.
The revolution required to fix socialism and big government won’t come until the checks don’t come because nobody will believe it until then.
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