Comments on: They just don’t get it…

By: PJ

PJ — Sat, 19 May 2012 15:13:01 +0000

“Pensions generate billions in economic activity, not just in retirement communities but statewide.”

Pensions do not generate economic activity; the taxpayer that you took the money from to pay the retiree would have used it for economic activity as well. As they saying goes, you are taking a bucket of water out of one end of the pool and dumping it in the other.

By: StevenMaviglio

StevenMaviglio — Fri, 18 May 2012 13:25:23 +0000

Well, no, I won’t tweet that but instead will tweet this:

Pensions are less than 3% of the state’s general fund;
Pensions are the slowest growing part of the state budget, says the LAO;
Increase in pension funding this year was about $100 million; compare that to the GOP corporate tax cut of $1 billion.
Pensions generate billions in economic activity, not just in retirement communities but statewide;
Your alternative to pensions, 401k, are more costly to administer and produce less returns;
The GOP pension ballot initiative would have cost taxpayers billions for the first decade it was in place, says LAO

As for Mr. Borenstein, he’s a professional pension basher and shows no signs of balance. In other words, in your pocket.

By: Ulysses Uhaul

Ulysses Uhaul — Thu, 17 May 2012 15:21:30 +0000

No nonproducer will ever vote for limiting producers from paying their fair share.

Pack and ship!

By: Bob

Bob — Thu, 17 May 2012 07:07:30 +0000

But California can’t leave itself. So it’s stuck.

Hey, it’s time for secession.

By: Ulysses Uhaul

Ulysses Uhaul — Thu, 17 May 2012 01:31:02 +0000

This guy could bury us….he is a player!

Be nice to him.

By: Rogue Elephant

Rogue Elephant — Wed, 16 May 2012 23:52:28 +0000

Mavligio is a political whore.

By: Beelzebub

Beelzebub — Wed, 16 May 2012 22:00:44 +0000

That’s right. In State government there is a finite amount of money in the basket. Whenever a dollar comes out to fund a government service one dollar should come in to replace it. However, over the last decade for 5 dollars have been taken out for every dollar going in. Sooner or later you run into a problem. The taxpayers are maxed out fighting for their own economic survival. All the pressure is on the municipal bond markets. They are what will blow. The bond backers aren’t stupid. They want appropriate returns for their risk. The risk is enormously high today. Look at Stockton. Look at Los Angeles. If you don’t compensate for the risk the money men will throw their cards down on the table and walk away.

Deal with that.

By: NTHEOC

NTHEOC — Wed, 16 May 2012 21:49:27 +0000

We are not maxed out on taxes yet!! There are still to many who do not pay their fare share. And blah,blah,blah with your pension envy and bashing.Dude,where were you a few years back when cities were not paying into the pension funds and skipping payments for pension holidays? Where was the watchdog then? Hey,when are you going to let us know about how much welfare fraud and abuse is costing us taxpayers,or how much illegal immigration healthcare and benefits are costing us,or the toll the greed in the private sector real estate market cost us? How come the rich are getting richer right now? Hmmmmm.

By: Ulysses Uhaul

Ulysses Uhaul — Wed, 16 May 2012 19:01:19 +0000

The taxing and layering debt parties are over libs.

No more promotions, raises, overtime and ya pensions written on toilet paper.

Enjoy!