Tag "Pension Reform"
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Unreal: CA transit workers permanently protected from pension reductions
Californians are used to suffering the consequences from state laws drafted by unions and forced through by their allies/puppets in the state Legislature. But now we see the same phenomenon afflicting the Golden State thanks to a union payoff made
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Pension criticism=racism. Aaauugghh! Aaauugghh! Aaauugghh!
Samuel Johnson’s 1775 observation that “patriotism is the last refuge of a scoundrel” has particular resonance nowadays, with civil libertarians who question our government’s massive spying on 300 million-plus Americans being derided as tools of U.S. enemies. But when it
Read MoreRevolutionary pension game-changer, or bigger pension problems?
July 10, 2013 By Katy Grimes There is a potentially revolutionary way of restructuring public pensions being floated by U.S. Sen. Orin Hatch which would park public pension liabilities with private insurance companies, and get government out of the pension business
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Governor punishes press for negativity just like any primitive pol
June 20, 2013 By Chris Reed Jerry Brown’s speaking style — learned, florid, meandering — is so unusual that he’ll always be able to get away with his shtick that he’s not like other politicians. But his appalling push to
Read MoreDetroit to renege on pensions? CA next?
June 16, 2013 By John Seiler California’s finances are overflowing today. The Legislature just passed a $96.3 billion budget, although Gov. Jerry Brown still will have its say. It reminds me of the Detroit of my youth in the 1960s,
Read MoreAssembly bill would stall local pension reform efforts
May 24, 2013 By Katy Grimes A bill to make it nearly impossible for local ballot initiatives to reform generous labor pensions was passed by the Assembly Thursday by a 50-18 vote. AB 822 by Assemblyman Isadore Hall, D-Los Angeles,
Read MoreCalifornia’s prison guards lock up reforms
May 21, 2013 By Sagar Jethani After being threatened with contempt by a panel of federal judges for failing to sufficiently reduce the number of prisoners in California’s jails, Gov. Jerry Brown reluctantly unveiled a plan this month to further reduce the Golden
Read MoreYes, govt. pensions can be completely canceled
May 15, 2013 By John Seiler We’re constantly told that California governments have a “constitutional obligation” to pay for the pensions of public-sector employees. Except when there’s no money left. If a city, county or even the state goes absolutely
Read MoreBankruptcy judge rejects CalPERS’ claim to protected status
April 3, 2013 By Chris Reed As John Seiler pointed out here Tuesday, Monday’s court ruling by U.S. Bankruptcy Judge Christopher Klein isn’t seen as definitive. Yes, the city of Stockton can proceed with its bankruptcy filing. No, Klein doesn’t yet
Read MoreSteve Maviglio, pension sage: Why it’s a laughable spectacle
April 2, 2013 By Chris Reed Steve Maviglio, a leading consigliere to top Sacramento Democrats for more than a decade, now regularly pretends to a new role. Even though he’s on Speaker John Perez’s payroll, Maviglio offers himself up on
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