Comments on: CalSTRS hearing underscores Mac Taylor’s destructive happy talk

By: Queeg

Queeg — Fri, 21 Feb 2014 06:03:20 +0000

Back to the barn Donkey…..goodnite!

By: Donkey

Donkey — Fri, 21 Feb 2014 05:09:55 +0000

In reply to Queeg.

Sorry TCS but the subject of RAGWUS pensions is only beginning.

The crooks, criminals, and con artists that inhabit the RAGWUS are in for an awakening as the private sector citizens become aware of what they have done with their tax dollars.

Keep up the happy times, NFL. Ask Al Gore about the end, or has his trail gone cold? 🙂

By: Queeg

Queeg — Fri, 21 Feb 2014 04:10:38 +0000

Donkey and Poodle hee hawing as usual about sinister conspiracies, envy of hard working government workers and calling for pension destruction of the little people.

The subject is beat to smithers Bro’s….there are so many doomer articles on pensions that the site should change their name to Pensionwatchers.com.

By: Donkey

Donkey — Fri, 21 Feb 2014 03:41:56 +0000

Rex, as usual you are your erudite self! Add in the baby boomers that are jumping into the retirement fray and it is going to make social security look good.

Does anybody at Calpers have math skills, at least addition and subtraction? If the funds oversight was not done by RAGWUS feeders SB400 would have never happened. 🙂

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Fri, 21 Feb 2014 01:17:57 +0000

The fact is CalSTRS is too far gone, it is in the “Death Spiral” because the funding level has dropped to well below 50%.

This state does not have $5-6 BILLION every year for the next 30 years to fix it. I doubt CalSTRS will see more than $1 billion from the state annually. And once we hit another recession, due soon (not withstanding the fact we never really came out of this one), it is curtains.

By: Donkey

Donkey — Thu, 20 Feb 2014 19:27:16 +0000

The RAGWUS hides the numbers so as to act as if their is no problem, but in the end it will be over a one trillion dollar problem plus.

In a short span of five years there will be close to one million RAGWUS feeders pulling between eighty and one hundred and forty thousand dollars a year from the state pension funds, start adding in those zeros and you can see just how long calpers is going to last!! 🙂