Posted on 02/07/2014 7:56:10 AM PST by Kaslin
I wish them luck but the only Union more powerful then the NEA is CalPERS.
UAW isn’t even close.
May this same Voter Result sweep across the Nation.
Reworded slightly for liberals:
San Bernardino is likely to set precedent on whether retirees or evil Wall Street bondholders suffer the most when a city goes broke.
I wonder if Suze Orman is still reccomending Muni Bonds?
Agreed!
So little, so late.
Being that I live in California (Riverside County), hopefully this is a sign of things to come in the state.
The precedent was set when 200+ years of bankruptsy laws were ignored in order to screw GM’s bondholders and give the company to the Union.
Too late to make the fix and easy fix. Now the damage has to be repaired. The California voters chose to get into this mess.
"Why are People Fleeing Los Angeles for San Bernadino?"
I'm surprised every time I drive to Vegas or Palm Springs how much development is going on in SB. People are moving further and further out as the cost of housing continues to soar in LA -- and the quality of life continues to decrease.
http://la.curbed.com/archives/2014/02/why_are_people_fleeing_los_angeles_for_san_bernardino.php
“So little, so late.”
Isn’t that always the way though? But here, as Maggie Thatcher was fond of saying “ the Liberals have finally run out of other people’s money!” Government has also run out of alternatives.
Yup!
The can finally got kicked to the end of the road.
I agree, but for now I hope it sweeps the state first.
They deduct from our checks for the pension plan now. My guess is that amount will keep growing because we have people retiring at 100% of their salary. There is no way we can afford to pay that many people to not work. The politicians “raided” the pension plan to pay for other programs.
But remember, this is the government and the government has an endless amount of our money.
California is in a LOT of trouble. This drought is going to destroy what’s left of any of these struggling cities.
re Calpers: ignore them
Don’t pay them any more, any thing.
The can finally got kicked to the end of the road.”
Yeah, at the end of the road, they found a wall.
“California is in a LOT of trouble. This drought is going to destroy what’s left of any of these struggling cities.”
Well, it’s raining in NorCal today and will continue, heavy at times, through Sunday, so at least our landscaping will get a reprieve.
Excuse me but shouldn't you call ABCNBCCBSCNNFOX and let them in on the huge news that CalPERS has suddenly reorganized as a labor union???
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