Tag "pensions"

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Public Pensions Crowding Out Services 0

APRIL 12, 2011 By WAYNE LUSVARDI A Chinese folk tale tells of a sculptor that placed fake money on a tree to trick villagers into cutting it down for him.  But so many people believed the tree to be sacred

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I'm Singing the California Blues 11

APRIL 6, 2011 Once known throughout the world as the Golden State, California used to attract people from other parts of the United States as well as folks from other countries. People migrated to California for a chance of success

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Dems Put Brakes on Budget Train Wreck 7

MARCH 28, 2011 By WAYNE LUSVARDI A new Field Poll  found that a supermajority of Democrats has swung against tax increases and wants to halt what appears to be an unstoppable future state budget train wreck. In what should have been

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Pensions Dominate Supe Race 0

March 27, 2011 John Seiler: For Republicans, at least, the state and local pension crisis now dominates races. Those in the past who backed pension spiking are going to be blasted for it. You might remember Chuck DeVore (top pciture)

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Calif. Labor Federation Tweet-fest 0

Katy Grimes: You’ve just got to love Twitter for those moments in life when reporters are banned from covering events. Yesterday and today, the California Labor Federation’s joint legislative conference has been in full-swing, but was announced as closed to

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Lockyer: Pensions Won't “Crush Govt.” 0

MARCH 17, 2011 BY WAYNE LUSVARDI Bill Lockyer’s recent harsh criticism of a bluntly honest Little Hoover Commission report, “Pensions for Retirement Security,” sounded more like Shakespeare’s King Lear than that of the Treasurer of the State of California.  Lockyer is so

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California Takes Huge Leap Toward Default 6

MARCH 15, 2011 BY CHRISS STREET California taxpayers just took a huge punch in the nose from the same actuaries who provided the cover for state politicians to spike public employee retirement benefits. The latest shocker comes from California State Controller John

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Alleged CalPERS Corruption 0

John Seiler: How much more of this are Californians going to take? Will another tax increase be needed? The L.A. Times reports: In a scathing report, a former chief executive of the California public employee pension fund was accused of

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Brown's Tax Election Stalling 0

MARCH 8, 2011 BY JOHN SEILER A couple of days ago it seemed as though Gov. Jerry Brown had the needed GOP votes to slate a Special Election for June on increasing taxes. Now it seems he doesn’t. His deadline

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'Calpetbaggers' Still Spiking Pensions 0

MARCH 2, 2011 BY WAYNE LUSVARDI Call them “Calpetbaggers.” They’re the 200 local governmental entities fingered in last week’s Little Hoover Commission’s pension report that have defiantly increased public pension benefits since 2008 — in the face of a $240 billion

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