CA ‘Wall of Debt’ hits $1,126,200,000,000.00

High California debt estimateMay 8, 2013

By Ed Ring

A new study by the California Public Policy Center, “Calculating California’s Total State and Local Government Debt,” estimates state and local government debt is somewhere between $848 billion and $1.126 trillion. This is the first attempt we’ve ever seen by anyone to provide an estimate.

Small wonder. If Californians understood that their local city councils, school districts, redevelopment agencies, special districts, county supervisors and state legislators had managed to put them on the hook for more $80,000 of debt per household, they might vote down the next new taxation or bond measure that appears on the ballot. Imagine how much debt this equates to per taxpaying household.

Quoting from the study’s summary, here are the categories of government debt confronting Californians:

“When, along with the $27.8 billion ‘Wall of Debt,’ long-term debt incurred by California’s state, county, and city governments, along with school districts, redevelopment agencies and special districts are totaled, the outstanding balance is $383.0 billion. The officially recognized unfunded liability for California’s public employee retirement benefits — pensions and retirement health care — adds another $265.1 billion. Applying a potentially more realistic 5.5% discount rate to calculate the unfunded pension liability adds an additional $200.3 billion. All of these outstanding debts combined total $848.4 billion. By extrapolating from available data that is either outdated or incomplete, and using a 4.5% discount rate to calculate the unfunded pension liability, the estimated total debt soars to over $1.1 trillion.”

According to a Wall Street Journal editorial from April 29, “Debt and Growth,” former White House economist Larry Summers is suggesting that “the U.S. should borrow even more money today because interest rates are low.” Summers is not alone. But hasn’t America heard this song already, and quite recently? What happened to all those homeowners who borrowed money because the payments were low, then suddenly realized they owed more money than they could ever hope to pay back?

There is cruel hypocrisy at work here. Low interest rates mean people saving for retirement cannot hope to amass a nest egg big enough to earn a risk-free return sufficient to live on. Yet the government worker pension funds engage in massive risk in a desperate attempt to earn 7.5% per year, so government workers can enjoy pensions that a private sector worker would have to save millions to match. If they fail to get that 7.5%, taxpayers make up the difference.

Unfunded liabilities

As shown in the CPPC study, for every 1.0 percentage point the projected rates of return for the pension funds drops, the debt confronting Californians increases by $100 billion. The “official” estimate for this shortfall, acknowledged by the state controller, is $128 billion. If you drop that projected 7.5% rate to 5.5%, add another $200 billion to the unfunded liability. Do you think that’s still too high? If those pension funds only earn 4.5%, add another $126 billion to the unfunded liability for pensions.

And why shouldn’t pension funds only earn 4.5% in today’s debt saturated, aging society, where 30 year treasury bills are offering a paltry 2.8%, and a 30 year fixed rate mortgage is down to 3.25%? With all this nearly free money around — courtesy of our government that spends far to much to borrow at any decent rate of interest — where on earth will CalPERS and the other pension funds invest their money with the expectation of getting 7.5% per year?

It’s important to emphasize that the CPPC study employed transparent logic, documenting all their assumptions. Just using the official numbers, California’s state and local governments still owe $648 billion. And of that amount, $265 billion or 41%, represents the officially recognized unfunded liability for government retiree health care and pensions.  Another $8.0 billion on top of that is for pension obligation bonds — and most of the data available are nearly two years old. By now, how many more of those have been issued by our financially crippled cities and counties? And how much more of the rest of this borrowing — that other $373 billion in bonds for myriad projects administered by countless government agencies — went to cover personnel costs, or pay “prevailing wages.”

As noted in the CPPC study, there is a case to be made for “good debt.” This is government investment in infrastructure such as roads, bridges, water treatment plants, aqueducts or ports; or to fund research into medicine, energy, agriculture and other scientific endeavors. Government borrowing for infrastructure and scientific research  provides a return to taxpayers in the form of new amenities — ideally amenities that will lower the cost of living and improve the quality of life.

But you don’t have to be a raging libertarian purist to criticize the borrowing that has stuck California’s taxpayers on the hook for a cool trillion dollars. Because well more than half of the money owed has nothing to do with infrastructure, or research, or anything else that might pay dividends to society at large. Most of the money owed by California’s state and local government agencies is to pay unionized government workers rates of compensation that most private sector workers can only dream about.

If you accept the CPPC study’s higher estimate, $1.12 trillion, then $663 billion is explicitly for public employee benefits, and countless additional billions in bond proceeds undoubtedly went to pay personnel costs. As noted in my article, “What If Every Worker Made What City of Irvine Workers Make?”, if every worker and retiree in California enjoyed the total compensation packages enjoyed by a typical worker employed by the City of Irvine, it would be necessary to double California’s gross domestic product in order for enough money to exist to pay them. In other words, it’s impossible. But if you can’t afford something, borrow.

A way out?

There is a way out. As explored in my articles, “Bi-Partisan Solutions for California” and “The Prosperity Agenda,” there is abundant land in California, and abundant energy resources. California should have the most affordable housing and the cheapest electricity in the United States, instead of the most expensive. Public policies designed to encourage land development and energy development would decisively lower the cost to live in California, which would make public employee compensation reform a palatable option, even to those affected by it.

Ed Ring is the executive director of the California Public Policy Center and the editor of UnionWatch.org.

65 comments

Write a comment
  1. us citizen
    us citizen 8 May, 2013, 11:52

    A way out? Oh you mean cram more people into this state. Isnt it crowded enough? Have you driven a free way lately? Oh, you mean raise taxes? Or wreck havoc on small businesses?

    How about STOP SPENDING!!!

    Reply this comment
  2. Tax Target
    Tax Target 8 May, 2013, 13:39

    Me? I’ll help out and leave the State… willingly. So, my wife and animals are two less. Any others leaving?

    Reply this comment
  3. S Moderation Douglas
    S Moderation Douglas 8 May, 2013, 14:15

    “Most of the money owed by California’s state and local government agencies is to pay unionized government workers rates of compensation that most private sector workers can only dream about.”

    “Most of the money” actually goes to NON unionized government workers. About 60 to 70% of government workers are NOT in unions, according to the US Bureau of Labor Statistics.

    Private sector workers must have some very strange “dreams”.

    Reply this comment
  4. NTHEOC
    NTHEOC 8 May, 2013, 14:39

    S mod Doug says,
    Private sector workers must have some very strange “dreams”.
    ———————————————–
    Can you blame them for these dreams, when all they do is get their info from non factual cal watchdog talking points and other stir the pot newspaper opinion pieces!!

    Reply this comment
  5. Jack Tachspeyr
    Jack Tachspeyr 8 May, 2013, 16:09

    S Moderation Douglas: You are quoting federal data which includes in the averages those states with very few unionized government workers. In California, however, the percentage of unionized state and local government workers is about 65%. This is a sufficient percentage to elevate all of the salaries and benefits – management, for example, in government is not typically unionized, but their compensation goes up when the workforce in general gets increases. There aren’t a lot of studies that document this, because the unions have succeeded in thwarting virtually any attempts to create transparency in their organizations. Even private sector unions have to disclose more information than public sector unions. Why don’t you try to name one significant work unit in state or local government that isn’t unionized, if you are so sure of your statistics?

    Reply this comment
  6. Jack Tachspeyr
    Jack Tachspeyr 8 May, 2013, 16:11

    NTHEOC – what exactly is “non-factual?” Every statistic in the CPPC study is footnoted with references to the actual source data, all of it from official government sources. Do you know what you’re talking about, or are you just some obnoxious troll, spewing propaganda for your union buddies?

    http://californiapublicpolicycenter.org/calculating-californias-total-state-and-local-government-debt/

    Reply this comment
  7. Bob
    Bob 8 May, 2013, 16:21

    All you libs can sugar coat it anyway ya want but you can’t change the fact that Colliefornis (as Ahnold calls it) can’t pay it’s long term bills.

    The state is as financially bankrupt as its politicians are morally bankrupt.

    Reply this comment
  8. CalWatchdog
    CalWatchdog Author 8 May, 2013, 17:27

    NTHEOC: You did not refute the data in the CPPC study, but just dished out an ad hominem attack. By doing so, by default you affirmed the data. Thank you.

    — John Seiler

    Reply this comment
  9. stolson
    stolson 8 May, 2013, 17:47

    All these conflicting numbers on status of unions and the unfunded pensions, etc. cause voters to give up trying to decipher where CA is at this point.
    The energy and resources in CA should be a priority — but this govt is not likely to do anything worthwhile here. Not enough public outrage yet. As long as there is the generous handout benefits, why would half the population care?

    Reply this comment
  10. BobA
    BobA 8 May, 2013, 18:22

    stolson:

    You make a good point about there not being enough public outrage yet. But I’m afraid that Californians have become so apathetic that a lot heavier burden is going to have to be heaped on their shoulders before they reach the point of outrage.

    I think a few more rounds of tax increases coupled with a repeal of prop 13 in total, 2 million more illegals receiving government assistance (a euphemism for welfare); higher gas prices; rolling power outages; schools, universities and other state services shutting down because the state is out of money and another term in office for Jerry the Clown might push them into outrage.

    Reply this comment
  11. NTHEOC
    NTHEOC 8 May, 2013, 21:50

    A new study by the California Public Policy Center.
    ——————————–
    Enough said!! The CPPC is just another Teabagger front group that puts out any info their conservative supporters tell them!

    Reply this comment
  12. Ulysses Uhaul
    Ulysses Uhaul 8 May, 2013, 22:43

    Pack and Ship!

    Reply this comment
  13. Ulysses Uhaul
    Ulysses Uhaul 8 May, 2013, 22:44

    Why worry about this crap?

    Reply this comment
  14. BobA
    BobA 9 May, 2013, 11:39

    NTHEOC:

    So, are you implying that debt and deficits don’t matter? At what level does it matter? Pray tell.

    PS:

    No offense intend by using the word pray. It’s just a figure of speech. Liberals get bent out of shape over anything that smacks of principles or moral rectitude.

    Reply this comment
  15. CalWatchdog
    CalWatchdog Author 9 May, 2013, 12:06

    NTHEOC: You keep criticizing the messenger, not the data in the message. That only confirms the message. Thank you.

    — John Seiler

    Reply this comment
  16. Donkey
    Donkey 9 May, 2013, 13:27

    John, the data is wrong, the low end figure is $1.5 trillon, and it is growing larger everyday! 🙂

    Reply this comment
  17. BobA
    BobA 9 May, 2013, 16:17

    John Seiler:

    I get the sense that our friend NTHEOC is one of those OWS crowd people who believes that they shouldn’t have to work for a living and everything should be free.

    The fallacy of that logic is if no one works for a living and everything is free then what do we eat, leaves and dirt?

    I don’t fancy smacking a cow in the head, wrestling it to the ground and then carving it up and eating it on the spot before the other “non- working everything is free” predators move in to take some of my “free stuff” that I worked hard to get.

    Reply this comment
  18. NTHEOC
    NTHEOC 9 May, 2013, 16:23

    CWD says,
    NTHEOC: You keep criticizing the messenger, not the data in the message. That only confirms the message. Thank you.
    ——————————————
    The data? You mean the bloated fabricated data that is only meant for one purpose, and that is to continue the corporate private sector right wing agenda!!! I can post other articles that state the opposite but that would do no good with you guys. Sure I know there is a deficit but I also know it is not as bad as the chicken little “sky is falling” mantra you guys preach on a daily basis! But, this is the right winger strategy and has been for years. In fact, it has gotten worse since we voted the repulplicans out of Cali!!! The only better thing that could happen is for us to end the term limits for president and keep OBAMA in!!!!!!!!!!!

    Reply this comment
  19. NTHEOC
    NTHEOC 9 May, 2013, 16:31

    BobA,
    I happen to have a very good gov’t job and have for the past 15 years. It is the job that is in my family blood and I knew what I wanted to do all my life! Bob, I used to be a very conservative republican believe it or not. But the attacks on my profession and others in my line of work by the teabagging rightwing fanatics and the false accusations about my pension turned me and many others against them!!! Seeing what these corporate pigs are doing and what they caused to happen in this country is unacceptable!!! I will use my position in the public eye to stand against these atrocities aimed at the middle class…..

    Reply this comment
  20. bobA
    bobA 9 May, 2013, 23:46

    NTHEOC:

    First off, making class distinctions has it’s genesis in Marxism. Anyone who knows and understand all the “isms” in the world would not heedlessly make that distinction about Americans. Pigeon holing people into classes is a subtle way of Balkanizing Americans and serves no useful purpose other than to further the interests of politicians who use class distinctions as a means to get themselves elected and to hide their own incompetence and malfeasance.

    Secondly, there is a difference between a conservative and a republican. A conservative has a moral code and a set of principles that are inviolable whereas a republic, at best, is nothing more than a mindless party loyalist (my characterization) who only stands for what the party stands for.

    I’m a principled conservative and a registered independent. I owe no allegiance to the republican party and unlike the typical democrat, the republican party does not “own” my vote.

    Third, I have nothing against government workers per se. What I find contemptible are overpaid government bureaucrats and politicians who give themselves pay raises in the middle of the night, tax the hell out of us all, spend like drunken sailors and then say it’s all our fault for not paying enough taxes when they run out of OUR money. By the way, you earned your pension and it’s none of my business.

    Fourth, I have nothing against corporations that compete honestly and make an honest profit. What I find loathsome and contemptible is crony capitalism and corporations that buy politicians to regulation their competition out of business and procure special tax exemptions for themselves (e.g., GE Corp earns tens of billions a year in income and pays virtually no taxes).

    Your characterization of the Tea party comes straight from the politically correct left wing media. I’m a member of the Tea party and first and foremost we are constitutionalists. Whatever false accusations you’ve heard are made by a less than objective news media and those who covertly seek to usurp or rewrite the constitution along the lines of the constitution of the former Soviet Union.

    I suppose that in some sense, believing that the government should live within its means and not step outside the bounds of the constitution can be considered rightwing. By that measure, I’m am a rightwing fanatic and make no apologies.

    But then I’ve traveled the world and have worked in 6 different countries so trust me when I tell you, there is no place on this planet like America and I want to keep it that way. The liberties and freedoms we enjoy in America exists in no other country on planet earth.

    Reply this comment
  21. Ted Steele, Prosecutor
    Ted Steele, Prosecutor 10 May, 2013, 06:59

    Bob0–

    Class distinctions started with the Marxists? LOL— You must have smoked a bit too much boo during history class little fella.

    Ntheoc’s characterization of the tea party hate festival is pretty much the way most Americans see it– I have posted many links out here to demonstrate that. I mean we can all see it’s the nascar, am radio, Rushbo-marry your cousin-cars in the front yard- crew.
    You’re a Constitutionalist? LOL— What you know about the Constitution, other than immediate trips over to Google ™, could fill a thimble!

    A State of Tedness

    Reply this comment
  22. stolson
    stolson 10 May, 2013, 07:16

    Oil industry: BLM prevents job creation in Calif.
    Fuel Fix ^ | May 10, 2013 | Associated Press

    Leading oil industry groups said Thursday federal land managers are blocking new energy development and job creation by postponing all oil and gas lease auctions on prime public lands in California until October.

    Officials with the American Petroleum Institute, the largest lobbying group for the oil and gas industry, said the U.S. Bureau of Land Management’s recent announcement that it will temporarily put off energy leasing in the state will prevent economic growth.

    “We now know that California holds a vast amount of oil and natural gas resources, especially in the Monterey Shale located in the central part of the state,” John Felmy, the chief economist said in a conference call with reporters Thursday. “Unfortunately, current federal policy continues to prevent our nation from taking full advantage of this opportunity.”

    BLM has said Friday’s decision was forced by sequester-related budget problems, low staffing and the toll of environmental litigation over parcels near the Monterey Shale, one ……….
    I copied from article.
    SO–CA could bring in money!!!!!! Moonbeam where are you???

    Reply this comment
  23. BobA
    BobA 10 May, 2013, 09:02

    Ted Steele:

    Unlike you, I hardly consider anecdotal stories, hearsay, gossip and watching 30 second news snippets on TV as being well informed. You have yet to demonstrate to anyone in this forum an in depth understanding of anything you talk about.

    You lack the intellectual acumen to assess what I know or don’t know. Stick to being the lowbrow comic relief and leave the cogent opinions to those who are better educated and informed than you.

    Reply this comment
  24. NTHEOC
    NTHEOC 10 May, 2013, 10:06

    BobA,
    I appreciate your response but the fact is I am a public safety union member and you are a tea party member, so our opinions are going to be 360 degrees opposite from one another on certain issues. I don’t know what area tea party you are from but here in Orange County where I work the tea party members are fanatics! Nationwide many of the tea party associations are backed by evil corporations like Koch bros industries. Again, the tea party has alienated themselves into a group that most Californians and Americans do not support!!

    Reply this comment
  25. Ted Steele, Navigator
    Ted Steele, Navigator 10 May, 2013, 10:11

    Bobo– I think intheoc summed it all up quite well. The tea party has a well deserved record of containing a cult like collection of misfits who hate based on race, socio-econ status etc etc etc. While I can understand the no tax part of the thing, that message has been all but lost to the majority of patrotic Americans. Sorry man. At the kleast you little buddies need a rebrand.

    Reply this comment
  26. Hondo
    Hondo 10 May, 2013, 10:37

    The Tea party is the most peaceful political organization in Americas history. There hasn’t been one documented crime committed at any of their events.
    The Occupy group is the most violent political organization in Amerika’s history. The Aurora mall theatre shooter was an occupy person as well as a staff member of Obama’s campaign. Dozens of rapes all over the country. A dozen of more arrested for making and planning bombings. Pimping underage girls in Boston. A hate crime robbery in Oakland where a group of grown men screamed anti gay slurs at a women before beating her and robbing her. Defecating on aD
    TEywher. Defecating and pissing in pubATE all over the country. PubATE masturbation in several cities. Murder in Oakland. Shooting up the White House with an AR. Rampant drug use and dealing. Arson in Colorado.
    Every Democrat in the country has said great things about the Occupy movement and has accused the Tea Party of everything the occupy group is on record doing.
    Hondo…..

    Reply this comment
  27. stolson
    stolson 10 May, 2013, 10:59

    The Tea Party members are not racists, evildoers, dumbasses, vile angry white people etc. The radical left has been instructed to belittle and demean them so they can advance the big govt, UN dominated, one world order and one single currency so they can RULE. The CFR and Trilateral commission get orders from the high ranking internationalists — to get this going. Therefore, they make sure those adhering to the U S Constitution, Bill of Rights etc are put down and marginalized. If you are a union member you are being used as a tool to implement this. Your rights will be trampled upon also, and eventually pensions reduced..count on it.

    Reply this comment
  28. Ted Steele, Navigator
    Ted Steele, Navigator 10 May, 2013, 13:47

    Poor Hona claims he has NEVER seen any examples of tea party misconduct— Hondo– here are 5.

    The occupy movement is unrelated to my party little buddy. What about you?

    Reply this comment
  29. Ted Steele, Navigator
    Ted Steele, Navigator 10 May, 2013, 13:51

    This Nation views the teaparty extreme as just another extreme whacko voice in this great land. You can deny it, like you do global warming, but there it is……….that’s how your viewed. You all need a re-brand. Or….just standby to remain out of power…..zzzzzzzzzzzzzzzzzzzzzzz

    Reply this comment
  30. BobA
    BobA 10 May, 2013, 14:25

    NTHEOC:

    I won’t deny that there are those elements in the Tea party but in my local chapter they are dis-invited from coming to our meetings. We stick to constitutional issues and any other agenda is shown the door. I think what you’re talking about are the wild extremists out there on both sides. The OWS movement started out with admirable intentions until the communists, marxists and anarchists infiltrates them so it happens on both side.

    A hand full of extremists, on both sides, should not be taken as representing the ideals and opinions of the whole group. That would be analogous to concluding that because you were robbed by a black person, therefore all black people are criminals. You sound like an intelligent person and you should know better than that.

    And you mention the Koch brothers and I’ll counter with George Soros. A man who is not welcomed anywhere in Europe. I don’t know much about the Koch brothers except that they’re billionaires. It’s their money and this is still a free country. As long as they’re not breaking any laws, how and what they spend their money on is quite frankly, none of our business. The same applies to Soros.

    Any for what it’s worth, I think public safety employees are one of the few public employee groups who are worth what they’re paid. What I and others don’t like is the bloated bureaucracy and the outrageous salaries they’re paid. Personally, I’s rather see public safety employees get paid well because at least citizens get a recognizable tangible benefit from it.

    Reply this comment
  31. Ted Steele, Navigator
    Ted Steele, Navigator 10 May, 2013, 14:32

    Bobo wrote–
    37. BobA says:
    May 10, 2013 at 2:25 pm
    NTHEOC:

    I won’t deny that there are those elements in the Tea party but in my local chapter they are dis-invited from coming to our meetings.

    Well good Bobo– finally we get to the bottom line, you agree there are some extremists in the tea party but at least your group disinvites them! I salute you sir!!!!

    Reply this comment
  32. NTHEOC
    NTHEOC 10 May, 2013, 15:20

    BobA,
    If there was an award for post of the year,you just won!!!!!!! I agree with you! It’s too bad a big part of the tea party went extremist and really hurt the tea party. But, you are one member I would gladly sit down with and buy you a beer!

    Reply this comment
  33. BobA
    BobA 10 May, 2013, 18:29

    NTHEOC:

    I’m a rational and reasonable person and I will not defend the actions of a few miscreants within the Tea party who give us a bad name but I will defend what spontaneously brought us together in the first place. The same reasons that precipitated the Boston Tea party and the American revolution is also what precipitated today’s Tea party.

    BTW: everything I said is just common sense. But nowadays we live in a world where you have to ask the question: if common sense was so common, then why don’t more people have it?

    Reply this comment
  34. The Ted x
    The Ted x 10 May, 2013, 19:33

    Bobo,

    Are you trying to trick us by being reasonable?

    Reply this comment
  35. Ted Steele, The Decider
    Ted Steele, The Decider 11 May, 2013, 07:05

    Bobo– While your recent posts seem reasonable, and while you don’t seem to be identifying with the darker aspects of the tea party clowns, most respectable folks would quit and disavow a group loaded with such miscreants. I mean, you wouldn’t be a member of a country club that had racist policies, would you?

    Reply this comment
  36. stolson
    stolson 11 May, 2013, 07:08

    NRA is the latest target…. Palin, Rush, Koch Brothers, Tea Party, NRA, Fox News, etc…use Saul Alinsky tactics to pick the target etc. (Dem tactics).
    The radical Dem party is just like the Nazis and Stalin in their tactics. Enjoy freedom? Like your plush overpaid govt job? Enjoy larger than life pensions?
    Wait. the plan is to run the country down. ALL will be affected boys and girls. Live your dream of corporate baddies(Wall St doesn’t represent all companies). It is the internationalists(banksters) who own the Democrats. At least some Americans have the will to try and stop them. Divisiveness won’t help us.

    Reply this comment
  37. Ulysses Uhaul
    Ulysses Uhaul 11 May, 2013, 08:53

    Tea cuppers and doomers quite upset…….just move……the end is near…..we need the business……if you do not Pack and Ship…..we do not eat….

    Reply this comment
  38. BobA
    BobA 11 May, 2013, 11:50

    stolson:

    Divisiveness puts money in political coffers which allows politicians to continue to bribe us with our own tax dollars and keep up the charade that they are doing the peoples bidding. That they are doing the peoples bidding is a lie of course but most people can’t see through the fog of partisan politics and vacuous political rhetoric to come to that conclusion on their own. A lie is easier to believe than the truth.

    Reply this comment
  39. stolson
    stolson 11 May, 2013, 14:09

    Divisiveness was devised as a tool of globalism to get their agenda in swing. There are numerous book on this. It is working as you can see. It shrouds the real problems (a diversionary tactic) honed by Marxism and Leninism–which the radicals adore.
    This country is being dismantled at a rapid pace–it will take patriots to protest and bring awareness. I have marched, signed petitions, made calls, etc. It is frustrating. We are being attacked on all fronts.
    When you lose your freedom (NDAA as ex.) what will you do?
    CA is an extreme state with dislike of mid to small size business and support for a gazillion govt workers of all stripes. You cannot have an economy that works in this manner. This love of unions (needed I agree in our early years against the foreigners who came and ran and owned the industrial/ energy co’s) and exaggerated promises and exhorbitant pensions will come crashing down. I am saying a cleaning is necessary and those who are for this are vilified in a biased press and media. Just read the ‘selected’ urls given here as total 100 percent proof evil of all patriots!

    Reply this comment
  40. Ulysses Uhaul
    Ulysses Uhaul 11 May, 2013, 15:00

    Doomers find fault and intrigue under every rock……stop whining…..you lose elections all the time for obvious reasons…..only insanity is the excuse for CWD posters moaning and driveling over their bib overhauls!

    Reply this comment
  41. stolson
    stolson 11 May, 2013, 15:22

    moaning and driveling over their bib overhauls!
    I have a masters and do business/legal research. I also am an avid gardner. if u have any bib overhauls, use them. Be careful who you denigrate.

    Reply this comment
  42. fish
    fish 11 May, 2013, 18:10

    A State of Tedness

    Tedzsly: the unbearable lightness of stupid!

    I will give you credit for your lawyerly stamina…chase that ambulance…..chase, chase, chase!

    Reply this comment
  43. The Ted x
    The Ted x 11 May, 2013, 18:27

    Zzzzzzzzzzzzz

    Reply this comment
  44. fish
    fish 11 May, 2013, 18:32

    Zzzzzzzzzzzzz

    Gee Ted……nothing going on today? Sad!

    Maybe you can think up a new character until the social life picks up.

    Reply this comment
  45. The Ted x
    The Ted x 11 May, 2013, 18:36

    Queeny,

    Do u need my attention little buddy?

    Reply this comment
  46. fish
    fish 12 May, 2013, 05:54

    Do u need my attention little buddy?

    Yeah….I’ve been meaning to do a little work on the CWD “heavy bag” and I thought another couple of days making you look the fool would reduce my stress levels a bit.

    Say something stupid …err…I mean Ted like….. so I can reduce you to a series of “ZZZzzzzzzzzz’s” and “little buddies” again.

    And as always……remember it’s Just that easy embarrassing the “Tedzs”

    Reply this comment
  47. Ulysses Uhaul
    Ulysses Uhaul 12 May, 2013, 08:55

    Stolson…..try degrees from Penn State and USC in business not California toilet paper degrees from San Diego State, Cal State Fullerton….

    Doomers always go for cheap shots….pay your taxes…..and stop groaning….and wash your CRUSTY bib overhauls!

    Reply this comment
  48. Queeg
    Queeg 12 May, 2013, 09:28

    Carp……you need intervention…..soon……please! It doesn’t…….hurt.

    Reply this comment
  49. stolson
    stolson 12 May, 2013, 09:38

    Useless Haul–not educated in advanced degrees from Crazyfornia nor lower level Penn State–ha ha. Good try at being nasty and insulting to a conservative taxpayer no less. Doomers? Think 2000 and up.

    Reply this comment
  50. Bunker Queen
    Bunker Queen 12 May, 2013, 12:23

    Carp……you need intervention…..soon……please! It doesn’t…….hurt.

    Queef,

    Oh my.

    I don’t know why I reverted to my “birth” handle….I have been rechristened “Bunker Queen” by the CWD resident concern troll little Tedzsly Flaccid.

    You have a goodn!

    Reply this comment
  51. Bunker Queen
    Bunker Queen 12 May, 2013, 12:38

    Stolson…..try degrees from Penn State and USC in business not California toilet paper degrees from San Diego State, Cal State Fullerton….

    Jeez U degrees in Feminist Dance Therapy have nothing to do with business no matter what the “counselor” told you.

    Reply this comment
  52. stolson
    stolson 12 May, 2013, 13:33

    I am a male of Brazilian/Scandinavian heritage and don’t like uneducated, silly and nasty comments. This is a place for intelligent discourse.
    Insulting, demeaning and downright juvenile remarks are not the intent here.
    If that is all that can be offered, why have a comment section. You are doing a disservice to the authors of these articles.

    Reply this comment
  53. Bunker Queen
    Bunker Queen 12 May, 2013, 13:59

    Insulting, demeaning and downright juvenile remarks are not the intent here.

    Stolson….I have bad news for you……insulting, demeaning and downright juvenile remarks are the intent here. Imagine my surprise when I tried legitimately commenting on a few topics and ran into Steve “But I’m Retired” Melhman and his merry band of finger puppets.

    My suggestion is to just have fun with it.

    Reply this comment
  54. Ted Steele, Associate Prof.
    Ted Steele, Associate Prof. 12 May, 2013, 17:20

    STOlson–

    I agree with your refreshing comments sir and I salute you!

    Your humble servant,
    Ted!

    Reply this comment
  55. Queeg
    Queeg 12 May, 2013, 17:26

    Stolson your the Hillary of CWD…. so pure and wholesome!

    Reply this comment
  56. BobA
    BobA 12 May, 2013, 19:50

    Stolson:

    My friend, Ted has many aliases so ignore him. The man is a complete imbecile who suffers from a demonstrable mental defect that renders anything he says
    inane and psychotic. Conversing with him is like conversing with the far end of a horse’s alimentary canal.

    Reply this comment
  57. Ted Steele, Associate Prof.
    Ted Steele, Associate Prof. 13 May, 2013, 06:53

    Stolson— Poor Bobo thinks I am all of the other posters…….sad.

    Reply this comment
  58. kthor
    kthor 20 November, 2013, 23:19

    give more free $$ to illegals! lol

    Reply this comment

Write a Comment

<



Related Articles

Video: Would a flat tax make CA’s comeback last?

CalWatchdog.com editor-in-chief Brian Calle discusses the California economic comeback with writer Stephen Moore.

California's jobs gap

Jan. 11, 2010 By JOHN SEILER California continues to stagger under unemployment levels higher than the national average. The latest

Video: Election watch: Props. 30 & 38

Oct. 9, 2012 Both California Governor Jerry Brown and the Teacher’s union put a tax hikes on the ballot. What