http://www.evictionlaw.org

Yeah, my thinking that the insatiable greed and oversized entitlement mentality of Public Sector workers/retirees (such as yourself) is sooooooooooo wrong, makes me a “clown”.

Could you at least try to talk intelligently about the issues!

T Love? 100 million? 100 Trillion? 60 Trillion? — WHAT are you rambling about? Are you drinkin again?

lmao—- a– clown

It’s doesn’t take much grey matter to understand that it’s 100% of the Plan LIABILITIES (not Plan ASSETS) that must earn the Plan interest rate (e.g., 7.5%) for the Plan not to LOSE ground (as to it’s funding level).

If a Plan is say 60% funded, it’s assets must earn 7.5%/0.6 = 12.5% just to maintain the current funding level. Is that even remotely possible ?

Light-bulb changers don’t seem to get it …. or perhaps choose to ignore it because it conflicts with their agenda to have Taxpayers keep shoveling more and more of their hard-earned money to support these unnecessary, unjust, unfair, unsustainable, and grossly excessive pension (AND benefit) “promises.

ALL of these Plan should be frozen (zero future growth) for the future service of all CURRENT workers. And that’ s JUST to stop digging the financial hole we are in deeper every day.

See David Cranes piece today(Sept 4th) Regardless of the Calpers numbers, the liability to pay benefits grows and grows and grows. When PERS earned its 7.5% deficits grew out of control. My point: all of the comparing this with that is silly if the deficit continues to grow as it has. Hence Prof Rauh predicts that in just eight years most pension systems will not be able to pay full pensions

And assumptions.

What could go wrong?

My favorite… when you do the math, and use assumptions ( even when actual data is available)..

And compute the incorrect answer to two decimal places.

Math. The only place where people buy 60 watermelons and no one wonders why.