Evil CA Democrat Does What the Terminator Couldn't--Wipes Out Deficit

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Consistent

Minneapolis, MN

#1 Jan 12, 2013
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit

California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.

Gosh, who'd a thunk it?

Raise taxes to realistic levels, and viola! no deficit.

Are you listening, all you Republicans who worship at the shrine of the Laffer curve?

Read much more at http://www.huffingtonpost.com/2013/01/10/cali...
non-starter

Saint Paul, MN

#2 Jan 12, 2013
Consistent wrote:
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit
California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.
California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.
Gosh, who'd a thunk it?
Raise taxes to realistic levels, and viola! no deficit.
Are you listening, all you Republicans who worship at the shrine of the Laffer curve?
Read much more at http://www.huffingtonpost.com/2013/01/10/cali...
California's real debt crisis hasn't even hit yet. Look at California's unfunded pension liability. The Dems in the legislature can't wait to spend the small $800 million surplus projected and more. It is crazy when Jerry Brown is the voice of fiscal restraint in the state of California.
Amused Slew

Seattle, WA

#3 Jan 12, 2013
It's the richest state in the nation, but obviously you're clueless... Nice "position"chicken little....

Poor NO INTEGRITY POSTER, multiple lies are your "gift" to the forum and you're CLEARLY a dumb dumb !! LMAOROTFU~!
Consistent

Minneapolis, MN

#4 Jan 12, 2013
Meanwhile we have Minnesota's idiot crisis, led by non-starter.
non-starter

Saint Paul, MN

#5 Jan 12, 2013
Amused Slew wrote:
It's the richest state in the nation, but obviously you're clueless... Nice "position"chicken little....
Poor NO INTEGRITY POSTER, multiple lies are your "gift" to the forum and you're CLEARLY a dumb dumb !! LMAOROTFU~!
Once again, the low integrity poster with nothing to add other than personal attacks. No information, just attacks. Good for you, slewche. I reiterate my position, the only gift you could give the forum would be to quit posting your low integrity tripe.
non-starter

Saint Paul, MN

#6 Jan 12, 2013
http://www.arc.asm.ca.gov/budgetfactcheck/...

Pension Reform

Unfunded Pension Obligations Threaten Budget Funding for Core Priorities

Independent experts agree that California's unfunded public employee pension obligations are becoming more and more of a budget problem - both for state and local governments.

Many recent, nonpartisan studies have illustrated just a how big a problem unfunded public employee pension obligations have become, though estimates of the scope of the problem vary.

As of June 30, 2009, the California Public Employees Retirement System (CalPERS) reported that its unfunded actuarial accrued liabilities in its main pension fund for state and local governments was over $49 billion-consisting of about $23 billion for the state and $26 billion for other public agenciesi

Showing a bigger problem, a report by the bipartisan Little Hoover Commission found that the top 10 public employee pension systems in California - including plans for both state and local government workers - faced a combined $240 billion shortfall as of 2010.

A study by the Stanford Institute for Economic Policy Research more recently pegged the combined total unfunded pension liabilities of CalPERS, the California State Teachers Retirement System (CalSTRS) and the University of California retirement plan at $485 billion.

A growing problem for state and local governments

When pension costs rise, benefits are increased, or investments in pension portfolios perform below expectations, it is taxpayers that have to make up the difference as pensions are a legal obligation of state and local governments.

The current growing problem threatens General Fund support for K-12 education, higher education and law enforcement, and has put many local governments on the path the bankruptcy.

State pension General Fund costs for CalPERS has risen from $370 million in 2001-02 to $2.1 billion in 2011-12, a $1.7 billion increase. To put this in perspective, the state spends $2 billion annually to fund the 23 campus California State University System.

Adding in retiree health care costs makes the problem even worse. Combined General Fund costs for state retirement programs, including CalPERS retiree benefits and health care costs and State Teachers Retirement System (STRS) retiree benefits have grown over the years, and are projected to grow to nearly $7 billion by the 2014-15 budget year.

Governor Proposes 12-Point Pension Reform Plan

Governor Brown has proposed a 12-point pension reform plan, which has been called the first steps of what must be done to address California's growing pension obligation crisis.

Key points in the Governor's plan include:
•Changing to a "hybrid" plan (401(k) plan, defined benefit, and Social Security) for newly-hired public employees
•Raising the retirement age for newly-hired state employees to 67
•Putting an end to pension spiking by changing the method by which retirement benefits are calculated for new employees from the highest single year salary to the highest three years
•Prohibiting "pension holidays," where employee or employer contributions to pay for pension benefits are suspended
•Ending the practice of allowing state workers to purchase air time, or additional service credit for time they did not actually work
•Requiring new state employees to work longer to qualify for retiree health benefits.

While pension reform needs to be done, the democratic super majority in the California legislature is unlikely to act on it anytime soon.
non-starter

Saint Paul, MN

#7 Jan 12, 2013
Amused Slew wrote:
It's the richest state in the nation, but obviously you're clueless... Nice "position"chicken little....
Poor NO INTEGRITY POSTER, multiple lies are your "gift" to the forum and you're CLEARLY a dumb dumb !! LMAOROTFU~!
You are definitely a low integrity, low information, low value poster. "It's the richest state in the nation", with the biggest unfunded pension liability in the nation, mr low integrity poster. It isn't how much you make, it's how you spend it. Maybe a remedial math class could help you, but I doubt it. You would argue against basic mathematical constructs and use the urban dictionary to refute the teacher.
Consistent

Minneapolis, MN

#8 Jan 12, 2013
Deflect and divert, the wingnuts two best friends.
non-starter

Saint Paul, MN

#9 Jan 12, 2013
Consistent wrote:
Meanwhile we have Minnesota's idiot crisis, led by non-starter.
Nice post low integrity poster, nothing of value, just an attack based on you not refuting that California has a huge unfunded pension liability. Slewche.
Amused Slew

Seattle, WA

#10 Jan 12, 2013
non-starter wrote:
<quoted text> low integrity poster=personal attacks.

No information, just attacks.
Poor NO INTEGRITY POSTER, multiple lies are your "gift" to the forum and you're CLEARLY a dumb dumb !! LMAOROTFU~!
non-starter

Saint Paul, MN

#11 Jan 12, 2013
Amused Slew wrote:
<quoted text>Poor NO INTEGRITY POSTER, multiple lies are your "gift" to the forum and you're CLEARLY a dumb dumb !! LMAOROTFU~!
No links, no information, just attacks and conjecture from you, mr low integrity poster. Keep up the low information troll attacks with the urban dictionary to support your positions, slewche.
non-starter

Saint Paul, MN

#12 Jan 12, 2013
Consistent wrote:
Deflect and divert, the wingnuts two best friends.
I didn't deflect or divert, I backed up my assertion that California has a huge unfunded pension problem. You are the one attacking, deflecting, and diverting low integrity poster.
Amused Slew

Seattle, WA

#13 Jan 12, 2013
non-starter wrote:
<quoted text>No links, no information, just attacks and conjecture from you, mr low integrity poster. Keep up the low information troll attacks with the urban dictionary to support your positions, slewche.
REWRITING REALITY, again !!???

non-starter wrote: I found it, you just won't publish that you got it off Yahoo or Wiki answers ....

THEN the lies began, LMAOROTFU~!

non-starter wrote: No, I guessed, because you weren't forthcoming with your source

OR MY NEW FAVORITE-

non-starter wrote: I found similar postings on Yahoo answers and Wiki answers

You posted to the urban dictionary to support your position...It's called tampering and you're clearly a duplicitous/dishonest POS... Have a nice lie... Oh sorry, I surely meant life.
non-starter

Saint Paul, MN

#14 Jan 12, 2013
Amused Slew wrote:
<quoted text>REWRITING REALITY, again !!???
non-starter wrote: I found it, you just won't publish that you got it off Yahoo or Wiki answers ....
THEN the lies began, LMAOROTFU~!
non-starter wrote: No, I guessed, because you weren't forthcoming with your source
http://www.arc.asm.ca.gov/budg etfactcheck/...

Pension Reform

Unfunded Pension Obligations Threaten Budget Funding for Core Priorities

Independent experts agree that California's unfunded public employee pension obligations are becoming more and more of a budget problem - both for state and local governments.

Many recent, nonpartisan studies have illustrated just a how big a problem unfunded public employee pension obligations have become, though estimates of the scope of the problem vary.

As of June 30, 2009, the California Public Employees Retirement System (CalPERS) reported that its unfunded actuarial accrued liabilities in its main pension fund for state and local governments was over $49 billion-consisting of about $23 billion for the state and $26 billion for other public agenciesi

Showing a bigger problem, a report by the bipartisan Little Hoover Commission found that the top 10 public employee pension systems in California - including plans for both state and local government workers - faced a combined $240 billion shortfall as of 2010.

A study by the Stanford Institute for Economic Policy Research more recently pegged the combined total unfunded pension liabilities of CalPERS, the California State Teachers Retirement System (CalSTRS) and the University of California retirement plan at $485 billion.

A growing problem for state and local governments

When pension costs rise, benefits are increased, or investments in pension portfolios perform below expectations, it is taxpayers that have to make up the difference as pensions are a legal obligation of state and local governments.

The current growing problem threatens General Fund support for K-12 education, higher education and law enforcement, and has put many local governments on the path the bankruptcy.

State pension General Fund costs for CalPERS has risen from $370 million in 2001-02 to $2.1 billion in 2011-12, a $1.7 billion increase. To put this in perspective, the state spends $2 billion annually to fund the 23 campus California State University System.

Adding in retiree health care costs makes the problem even worse. Combined General Fund costs for state retirement programs, including CalPERS retiree benefits and health care costs and State Teachers Retirement System (STRS) retiree benefits have grown over the years, and are projected to grow to nearly $7 billion by the 2014-15 budget year.

Governor Proposes 12-Point Pension Reform Plan

Governor Brown has proposed a 12-point pension reform plan, which has been called the first steps of what must be done to address California's growing pension obligation crisis.

Key points in the Governor's plan include:
•Changing to a "hybrid" plan (401(k) plan, defined benefit, and Social Security) for newly-hired public employees
•Raising the retirement age for newly-hired state employees to 67
•Putting an end to pension spiking by changing the method by which retirement benefits are calculated for new employees from the highest single year salary to the highest three years
•Prohibiting "pension holidays," where employee or employer contributions to pay for pension benefits are suspended
•Ending the practice of allowing state workers to purchase air time, or additional service credit for time they did not actually work
•Requiring new state employees to work longer to qualify for retiree health benefits.

While pension reform needs to be done, the democratic super majority in the California legislature is unlikely to act on it anytime soon.

Post away, mr low integrity poster, deflect from almost $1 trillion in unfunded pension liabilities.
Consistent

Minneapolis, MN

#15 Jan 12, 2013
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit

California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.

Gosh, who'd a thunk it?

Raise taxes to realistic levels, and viola! no deficit.

Are you listening, all you Republicans who worship at the shrine of the Laffer curve?
non-starter

Saint Paul, MN

#16 Jan 12, 2013
http://www.arc.asm.ca.gov/budg etfactcheck/...

Pension Reform

Unfunded Pension Obligations Threaten Budget Funding for Core Priorities

Independent experts agree that California's unfunded public employee pension obligations are becoming more and more of a budget problem - both for state and local governments.

Many recent, nonpartisan studies have illustrated just a how big a problem unfunded public employee pension obligations have become, though estimates of the scope of the problem vary.

As of June 30, 2009, the California Public Employees Retirement System (CalPERS) reported that its unfunded actuarial accrued liabilities in its main pension fund for state and local governments was over $49 billion-consisting of about $23 billion for the state and $26 billion for other public agenciesi

Showing a bigger problem, a report by the bipartisan Little Hoover Commission found that the top 10 public employee pension systems in California - including plans for both state and local government workers - faced a combined $240 billion shortfall as of 2010.

A study by the Stanford Institute for Economic Policy Research more recently pegged the combined total unfunded pension liabilities of CalPERS, the California State Teachers Retirement System (CalSTRS) and the University of California retirement plan at $485 billion.

A growing problem for state and local governments

When pension costs rise, benefits are increased, or investments in pension portfolios perform below expectations, it is taxpayers that have to make up the difference as pensions are a legal obligation of state and local governments.

The current growing problem threatens General Fund support for K-12 education, higher education and law enforcement, and has put many local governments on the path the bankruptcy.

State pension General Fund costs for CalPERS has risen from $370 million in 2001-02 to $2.1 billion in 2011-12, a $1.7 billion increase. To put this in perspective, the state spends $2 billion annually to fund the 23 campus California State University System.

Adding in retiree health care costs makes the problem even worse. Combined General Fund costs for state retirement programs, including CalPERS retiree benefits and health care costs and State Teachers Retirement System (STRS) retiree benefits have grown over the years, and are projected to grow to nearly $7 billion by the 2014-15 budget year.

Governor Proposes 12-Point Pension Reform Plan

Governor Brown has proposed a 12-point pension reform plan, which has been called the first steps of what must be done to address California's growing pension obligation crisis.

Key points in the Governor's plan include:
•Changing to a "hybrid" plan (401(k) plan, defined benefit, and Social Security) for newly-hired public employees
•Raising the retirement age for newly-hired state employees to 67
•Putting an end to pension spiking by changing the method by which retirement benefits are calculated for new employees from the highest single year salary to the highest three years
•Prohibiting "pension holidays," where employee or employer contributions to pay for pension benefits are suspended
•Ending the practice of allowing state workers to purchase air time, or additional service credit for time they did not actually work
•Requiring new state employees to work longer to qualify for retiree health benefits.

While pension reform needs to be done, the democratic super majority in the California legislature is unlikely to act on it anytime soon.

Post away, mr low integrity poster, deflect from almost $1 trillion in unfunded pension liabilities.
Consistent

Minneapolis, MN

#17 Jan 12, 2013
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit

California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.

Gosh, who'd a thunk it?

Raise taxes to realistic levels, and viola! no deficit.

Are you listening, all you Republicans who worship at the shrine of the Laffer curve?
non-starter

Saint Paul, MN

#18 Jan 13, 2013
Consistent wrote:
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit
California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.
California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.
Gosh, who'd a thunk it?
Raise taxes to realistic levels, and viola! no deficit.
Are you listening, all you Republicans who worship at the shrine of the Laffer curve?
From a source you treat as the gold standard, mr low integrity poster, Slew Jumbo.

http://www.huffingtonpost.com/2012/07/16/cali...

California taxpayers are already on the hook for billions of dollars in pension and health care benefits promised to public workers when they retire. The current unfunded liability for CalPERS is around $85 billion and the California State Teachers' Retirement System is short by about $64.5 billion.

This $150 billion in unfunded liabilities doesn't include all the county and city workers unfunded liabilities in California.
Amused Slew

Seattle, WA

#19 Jan 13, 2013
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit

California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.

California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.

Gosh, who'd a thunk it?

Raise taxes to realistic levels, and viola! no deficit.

Are you listening, all you Republicans who worship at the shrine of the Laffer curve?
Insistent

Grantsburg, WI

#20 Jan 13, 2013
Amused Slew wrote:
Evil California Democrat Does What the Terminator Couldn't--Wipes Out Deficit
California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.
California job growth tops the national average, unemployment has fallen below double-digit levels for the first time in nearly four years, and voters in November approved a tax increase that closed most of the lingering budget gap.
Gosh, who'd a thunk it?
Raise taxes to realistic levels, and viola! no deficit.
Are you listening, all you Republicans who worship at the shrine of the Laffer curve?
Retard,

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