Comments on: May Revise preview

By: Ted Steele, Navigator

Ted Steele, Navigator — Tue, 14 May 2013 16:26:43 +0000

Man– Calpers is doing GREAT!

By: NTHEOC

NTHEOC — Mon, 13 May 2013 20:19:48 +0000

A gaping wound John? Really now!!! And what was this gaping wound at last sept,Lol!!!!!

Total CalPERS Fund
Market Value
Reflects market value, as of market close on 5/10/2013.
$264.7 Billion

By: NTHEOC

NTHEOC — Mon, 13 May 2013 20:12:36 +0000

The main surprise is an unexpected extra $4.5 billion in tax revenues. Look for two things: How the budget plans to spend the windfall. Second, what, if anything, will be done with pension reform.
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Surprise,John? I have been saying all along you guys need to stop screaming the “sky is falling” and trying to advance your political agenda with doomsday false budget scare tactics!!! And we already had pension reform! Your lucky we were willing to do that when reality is it was just political and did not need to happen!!!!

By: Sean Morham

Sean Morham — Mon, 13 May 2013 19:12:07 +0000

Steinberg is on the verge of getting his ^%* handed to him on the Sacramento Kings sale: new ownership will be absent and committed to moving the team to Seattle. Then he can go back to what he does best, (*%#ing up California.

By: @SoquelCreek

@SoquelCreek — Mon, 13 May 2013 18:50:30 +0000

Ted Steele wrote: “Pension reform? We just did that little buddy.”

It’s funny how honest former politicians become when they’re no longer running for political office. Here’s Willie Brown, California’s longest-serving Assembly Speaker, former Mayor of San Francisco, and a career Democrat writing about California’s latest pension “reform.” My emphasis added in BOLD.
http://soquelbythecreek.blogspot.com/2012/09/californias-willie-brown-on-pension.html

“As reforms go, THE PENSION DEAL THAT SACRAMENTO LAWMAKERS REACHED LAST WEEK IS JUST A START TO CORRECT THE MISTAKES THAT FORMER LAWMAKERS, including me, have MADE OVER THE YEARS.”
…
“The world is changing. YEARS AGO IT WAS THE LIKES OF SOUTHERN PACIFIC AND OTHER BIG BUSINESSES CALLING THE SHOTS IN SACRAMENTO, and we were all highly critical of them.

“THESE DAYS IT’S LABOR. That’s not the portrayal union leaders like to see in the media, but it’s the truth.”

By: Ted Steele, Navigator

Ted Steele, Navigator — Mon, 13 May 2013 18:31:41 +0000

Great news on the surplus!

Pension reform? We just did that little buddy.

Unfunded liability? Youy mean your mortgage is due in full today? Not!