Tag "pensions"
Back to homepagePublic Pensions Crowding Out Services
APRIL 12, 2011 By WAYNE LUSVARDI A Chinese folk tale tells of a sculptor that placed fake money on a tree to trick villagers into cutting it down for him. But so many people believed the tree to be sacred
Read MoreI'm Singing the California Blues
APRIL 6, 2011 Once known throughout the world as the Golden State, California used to attract people from other parts of the United States as well as folks from other countries. People migrated to California for a chance of success
Read MoreDems Put Brakes on Budget Train Wreck
MARCH 28, 2011 By WAYNE LUSVARDI A new Field Poll found that a supermajority of Democrats has swung against tax increases and wants to halt what appears to be an unstoppable future state budget train wreck. In what should have been
Read MorePensions Dominate Supe Race
March 27, 2011 John Seiler: For Republicans, at least, the state and local pension crisis now dominates races. Those in the past who backed pension spiking are going to be blasted for it. You might remember Chuck DeVore (top pciture)
Read MoreCalif. Labor Federation Tweet-fest
Katy Grimes: You’ve just got to love Twitter for those moments in life when reporters are banned from covering events. Yesterday and today, the California Labor Federation’s joint legislative conference has been in full-swing, but was announced as closed to
Read MoreLockyer: Pensions Won't “Crush Govt.”
MARCH 17, 2011 BY WAYNE LUSVARDI Bill Lockyer’s recent harsh criticism of a bluntly honest Little Hoover Commission report, “Pensions for Retirement Security,” sounded more like Shakespeare’s King Lear than that of the Treasurer of the State of California. Lockyer is so
Read MoreCalifornia Takes Huge Leap Toward Default
MARCH 15, 2011 BY CHRISS STREET California taxpayers just took a huge punch in the nose from the same actuaries who provided the cover for state politicians to spike public employee retirement benefits. The latest shocker comes from California State Controller John
Read MoreAlleged CalPERS Corruption
John Seiler: How much more of this are Californians going to take? Will another tax increase be needed? The L.A. Times reports: In a scathing report, a former chief executive of the California public employee pension fund was accused of
Read MoreBrown's Tax Election Stalling
MARCH 8, 2011 BY JOHN SEILER A couple of days ago it seemed as though Gov. Jerry Brown had the needed GOP votes to slate a Special Election for June on increasing taxes. Now it seems he doesn’t. His deadline
Read More'Calpetbaggers' Still Spiking Pensions
MARCH 2, 2011 BY WAYNE LUSVARDI Call them “Calpetbaggers.” They’re the 200 local governmental entities fingered in last week’s Little Hoover Commission’s pension report that have defiantly increased public pension benefits since 2008 — in the face of a $240 billion
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