Comments on: Gov. Brown’s May budget revision balances only by ignoring unfunded liabilities

By: Tough Love

Tough Love — Sun, 19 May 2013 04:14:48 +0000

Ted, CalPERS “Liability” today

$500+ Billion.

OH MY– the sky IS faaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalling

By: Ted Steele, Navigator

Ted Steele, Navigator — Thu, 16 May 2013 20:50:47 +0000

Calpers value today?

265.9 BILLION

Oh my– the sky is faaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalling

By: Ted Steele, Navigator

Ted Steele, Navigator — Thu, 16 May 2013 19:27:09 +0000

Poor Queeny! LOL

By: Bunker Queen

Bunker Queen — Thu, 16 May 2013 18:52:21 +0000

Mmmmmmmmmmmmmmmmmmmmmmm….Queeny.

IS Mmmmmmmmmmmmmmmmmmmmmmm something you type while that TRS-80 in your soft little noggin tries to come up with a witty retort.

How sad for you TEDZS.

By: Queeg

Queeg — Thu, 16 May 2013 14:42:13 +0000

Stop worry….tension…..pay up and shut up! You will be delivered!

By: NTHEOC

NTHEOC — Thu, 16 May 2013 05:19:43 +0000

CalWatchdog says:
May 15, 2013 at 3:57 pm
Okay tough love, how about we call the pension liability an albatross, or baggage, commitment, dead horse, debenture, deficit, duty, encumbrance, or say the state is in hock, in the hole, in the red.
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Do you also call your home mortgage that??

California cannot pay the half a trillion dollars in pension debt.
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Sure it can,and it will!! Again, if all mortgages came due today you could say the same thing. Good thing it doesn’t work that way Katy. Enjoy the koolaid!!!!

By: NTHEOC

NTHEOC — Thu, 16 May 2013 05:11:47 +0000

Tough love says,
In due course, each $1 of your pension will be reduced to $0.50.
Please let us know it that “bites”.
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Sure buddy!!

By: The Ted

The Ted — Thu, 16 May 2013 01:44:09 +0000

NTHEOC You are making me laugh too hard!

Katy, lets call it debt , well, like your mortgage!

Oh my.

By: Queeg

Queeg — Thu, 16 May 2013 00:08:51 +0000

Come on….jerry Brown is holding the line on spending….he told us so…

By: CalWatchdog

CalWatchdog — Wed, 15 May 2013 22:57:53 +0000

Okay tough love, how about we call the pension liability an albatross, or baggage, commitment, dead horse, debenture, deficit, duty, encumbrance, or say the state is in hock, in the hole, in the red.

Would you prefer I call the pension liability ‘debt’ and the state the ‘debtor?’

It’s the debtor who files bankruptcy because he can’t pay his debts. California cannot pay the half a trillion dollars in pension debt. At some point the state will default, but it will be county by county, city by city, municipality by municipality.

Debt debt debt.

Katy