Complete Horse s%^t!

I’m tired of all the whining from the private-sector riff-raff. When I watch you poor suckers going to work to pay my pension I have to laugh. You were all clueless about the whole system. Did any of you ever even vote? You chumps deserve those canned beans you’ll be eating. As for me, I’ll be having lobster. So long suckers!

You’ll die and rot in hell before costing us much, lol! Karma’s a bitch.

Article 1, Section 8 of the US Constitution (powers of Congress), “To establish…uniform Laws on the subject of Bankruptcies throughout the United States;”

As to the issues on states rights, have a look at http://www.uscourts.gov/…/BankruptcyBasics/Chapter9.aspx for an discussion of municipal bankruptcy under Chapter 9 of the code.

Interestingly, someone who actually knows something, John Ryan, the Federal judge who presided over the largest municipal bankruptcy in history, Orange County’s 1994 case, has said Federal bankruptcy code trumps state law, meaning protections offered by the state and cities don’t have to apply.

Envy can also derive from a sense of low self-esteem that results from an upward social comparison threatening a person’s self image: another person has something that the envier considers to be important to have. If the other person is perceived to be similar to the envier, the aroused envy will be particularly intense, because it signals to the envier that it just as well could have been he or she who had the desired object.

Bertrand Russell said envy was one of the most potent causes of unhappiness. It is a universal and most unfortunate aspect of human nature because not only is the envious person rendered unhappy by his envy, but also wishes to inflict misfortune on others.

I’m tired of all the whining from the private-sector riff-raff. When I watch you poor suckers going to work to pay my pension I have to laugh. You were all clueless about the whole system. Did any of you ever even vote? You chumps deserve those canned beans you’ll be eating. As for me, I’ll be having lobster. So long suckers!”

Boy, will it be a PLEASURE watching you squel “but I was promised” when (not if) your Plan defaults.

Wrong again.

Hey, I bet you were one of those GED educated cops that used to claim cops all die 5 years after retiring. Calpers put that whopper to rest a long time ago, so I don’t see it much anymore. But now we have your bogus claim.

No muni had 3%@50 before 2000, none, zero, nada. They all played leap frog AFTER SB 400. That is a well known fact.

Please feel free to prove me wrong though and post a link to the hundreds of PS jobs that had it prior to 1999.

The power lies with the BK court, not the muni “voting”. If a BK court were to see a muni, like Vallejo, where cops and FF’s are making $250K per year, on average with their benefits, while the average income for a Vallejo resident is $34K, do you really think, for one second, that a BK judge is not going to strike the pensions down?

Besides, the BK court does NOT have the power to force a muni to raise taxes. That power lies purely with the residents, not the courts. The CA constitution requires a 2/3 majority to raise taxes, and the BK court could not force the muni to do that udner the 11th Amendment (the muni, as a state subdivision, would have 11th Amendment immunity) . A Chpt 9 BK is a strictly cash flow BK, not an asset/liability BK. The BK court cannot force a liquidation of muni assets.