nail on the head! And these poor doomer sob’s have no idea.

It’s possible I may not live another eighty years. If I do, I’ll let you know how it worked out.

YOUR job, if you choose to accept it.

I’m just a casual observer.

Keep up the good work.

Float like a butterfly, sting like a bee.

Girard Miller on the ” trillion dollars of debt”:

” They failed in their guerilla campaign to persuade the Governmental Accounting Standards Board (GASB) to institutionalize the academic thesis that pension fund liabilities should be discounted using a “risk free” rate.”

” Pension funds are not going to invest their entire portfolio in 3 percent Treasury bonds right now — or ever — so the risk-free model is not even descriptive of reality and has little normative value.”

And the tax base is not leaving. It is growing every year.

Turning in your table wiping rag and windex bottle carrying belt and get a stable well paid government job.

There is hope for our beloved mascot Poodle….yep there is…….

You are correct on both counts Douglas— these billy bagers love to attempt poor context stat mysto argumentum non logicoms. Zzzzzzzzzzzzzzzzzzzzz– our job?

Call em out and watch them rant.

CalPERS has been paying pensions for eighty years and will for at least another eighty.

GM said the exact same thing in 2007…how did GM’s pension work out ?

Do the math!! Or just keep lying to yourself!! 🙂

It’s not a trillion dollar debt, and the tax base is not leaving.

CalPERS has been paying pensions for eighty years and will for at least another eighty.

The glass is at least half full.