A conservative Latino’s view on politics… I’m speaking to my fellow Valley Center conservatives on Measure SS. Those touting the mantra “no more taxes” and yes, it has legitimacy. We’re tired of politicians campaigning on fewer taxes and then voting to increase them. However, Measure SS is a local issue. Let this conservative tell you something about serving on the …
California Looking for New Ways to Steal Worker’s Money
Well, that’s not what Jerry Brown and legislative Democrats claim their bill would do, but how can we doubt that wouldn’t be the effect. Here is what they are claiming, as reported in the SacBee: The goal is to create a savings program in which workers who have no access to a pension can count on a guaranteed rate of …
Bankruptcy – No Pension Panacea
In the 2010 San Diego City Council race, and in previous mayoral campaigns, the idea of bankruptcy for San Diego has been proffered. However, neither Vallejo, which survived bankruptcy, nor Stockton, now going through bankruptcy have demonstrated that public employee pensions can be discharged in bankruptcy court, at least in California. In California, after the Vallejo experience, the state passed …
No to Tax Increases in California
As a matter of fact, if there was some real pension reform, there wouldn’t be any need for tax increases. California is drowning under the burden of employee pension costs. Even the modest reforms offered by Jerry Brown are making no progress in the Democrat union controlled legislature. A couple of key parts of his proposal: Equal sharing of pension …
Honest pension liability accounting will bring needed change
Posted on my blog: RiderBlog.NotLong.com It appears that reality finally is coming to the arcane field of government pension accounting. So why should you care? Consider the following. If (as the Dan Walters article below suggests) we start getting really serious about fully accounting for the unfunded liability of government pensions, bankruptcy can’t be far behind for many local jurisdictions. …
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