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Pensacola Discussion Forum » Politics » California...TENS OF BILLIONS IN DEBT...so what does their legislature spend time on? California regulates cow farts

California...TENS OF BILLIONS IN DEBT...so what does their legislature spend time on? California regulates cow farts

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Markle

Markle

Who can make this stuff up?  People and businesses are leaving California so what do they do?  Make business even harder to conduct and more expensive.

California...TENS OF BILLIONS IN DEBT...so what does their legislature spend time on?

California regulates cow farts

http://www.fox5ny.com/news/220448846-story

dumpcare



It was important enough for you and fox to give notice. Maybe you should move to California. Besides farts are a good source of methane.

2seaoat



Yep, and our resident challenged senile morally bankrupt spam artist ignores that the sea level is rising at Miami Beach a 1/3 of inch a year. Sewers are spewing up seawater, and they have exhausted their sand replenishment immediately off shore from Miami Beach. The Bahamas have sand available, but our brilliant Congress will not use Federal funds on imported sand......so yea......a guy who claims he lived in Chicago and is clueless about the same, and a guy who said he lived in Miami, thinks global climate change is about cow farts in an attempt to discount what is happening in Miami today........just more paid spam delivered by rain man.

Floridatexan

Floridatexan


http://www.scpr.org/news/2016/11/17/66216/california-analyst-projects-2-8-billion-budget-sur/

California analyst projects $2.8 billion budget surplus

Jonathan J. Cooper | AP November 17 2016

2seaoat



Ask him how Kansas is doing, and where the cows fart and the Politicians solution to global climate change is to stick their head up the asz of every cow in the state and take a deep breath, and then propose austerity and corporate welfare for the rich as the bs spews......yep Kansas is the home of Mr. Markle's dream team.

Markle

Markle

Progressives are SO easy! They really believe that if they don't look at it, the debt doesn't exist. Wonder what happens when tomorrow comes?

Understanding California's public pension debt
The gap between money available and promises made is huge and growing.

By JUDY LIN
SEPT. 18, 2016

What is the unfunded liability of California state and local governments?
Put simply, the unfunded liability is the shortfall between retirement benefits that governments have promised their workers and the current funding available to meet those obligations.

How much is it?
According to the state controller’s office, the unfunded liability of California’s 130 state and local government pension plans stood at $241.3 billion as of 2014, the most recent year for which figures are available.

In addition to pensions, an analysis of state and local government financial reports representing 90% of public workers uncovered $125 billion in unfunded retiree healthcare costs.

This brings the public retirement debt to at least $366 billion.

Here are retiree health liabilities for the state, the UC system and large local governments:

Government Entity . . . . . . Liability
State of California . . . . . . .$74.2 billion
University of California . . . .$17.3 billion
City of Los Angeles . . . . . . $2.5 billion
Los Angeles County . . . . . $26.8 billion
San Francisco City/County . . .$4 billion
Orange County . . . . . . . . .$418 million

http://www.latimes.com/projects/la-me-pension-unfunded/

I'm curious what part is unclear to Progressives.

2seaoat



Oh so you dodge the budget surplus, and think that unfunded pensions after the Bush administration destroyed retirement investments which are only now turning the unfunded into funded.  Thank you President Obama for the record stock market and the improving funding of public pensions across the nation.  So Einstein, how do you address the largest surplus in the nation......please....explain how California's fiscal situation has been upgraded in the bond market, and Kansas has dropped like a rock.......I guess investors have more common sense than our economic guru who cannot recognize the trends.

http://www.treasurer.ca.gov/ratings/history.asp
http://www.kansas.com/news/politics-government/article75347912.html

You are not even a Republican because if you were you would understand fundamental budgeting and fiscal conservative policy. You are simply a fascist......a senile one at that.

Markle

Markle

2seaoat wrote:Oh so you dodge the budget surplus, and think that unfunded pensions after the Bush administration destroyed retirement investments which are only now turning the unfunded into funded.  Thank you President Obama for the record stock market and the improving funding of public pensions across the nation.  So Einstein, how do you address the largest surplus in the nation......please....explain how California's fiscal situation has been upgraded in the bond market, and Kansas has dropped like a rock.......I guess investors have more common sense than our economic guru who cannot recognize the trends.

http://www.treasurer.ca.gov/ratings/history.asp
http://www.kansas.com/news/politics-government/article75347912.html

You are not even a Republican because if you were you would understand fundamental budgeting and fiscal conservative policy.   You are simply a fascist......a senile one at that.

How did the Bush administration destroy retirement investments?

As you know too, having being told repeatedly, the explosion in the stock market is due to the trillions pumped into the economy, finding it's way to the stock market.

You know too that Lame Duck President Barack Hussein Obama's failed economy simply made the rich...richer. Happy?

California...TENS OF BILLIONS IN DEBT...so what does their legislature spend time on? California regulates cow farts C1c693ff-182a-4842-a707-91b172f3b517_zpsnhit3pny

2seaoat



Two wars off budget, tax cuts for the wealthy, and abandonment of any regulation of the Wall Street derivative markets and Babyboomers saw their 401ks go into the trash heap, but pension funds with sound actuarial tables of conservative return on investments saw those assumptions trashed for over six years by the depression, which only now are we seeing return of liquidity, but six years paying out pensions without the investment income dug a deeper hole which finally is being reversed by states like California who raised taxes on corporations and top income brackets. A formula for success which any individual completely understands that you cannot intentionally go from working five days a week to four days without a drop of revenue. You are not a Republican. You are a fascist. You make things up. California is kicking asz right now, and you and your silly mind numbing stupid analysis cannot change that trend.

Markle

Markle

2seaoat/BoardsofFl, your desperation is duly noted!

Falling back on BLAME BUSH is getting really desperate after EIGHT YEARS of Lame Duck President Barack Hussein Obama's economy.

At less than a $3 BILLION "surplus" one year, how long does that take to make up $366 BILLION? Are the good people of Orange County going to all chip in to pay off the debt of the University of California?

ZVUGKTUBM

ZVUGKTUBM

2seaoat wrote:Two wars off budget, tax cuts for the wealthy, and abandonment of any regulation of the Wall Street derivative markets and Babyboomers saw their 401ks go into the trash heap, but pension funds with sound actuarial tables of conservative return on investments saw those assumptions trashed for over six years by the depression, which only now are we seeing return of liquidity, but six years paying out pensions without the investment income dug a deeper hole which finally is being reversed by states like California who raised taxes on corporations and top income brackets.   A formula for success which any individual completely understands that you cannot intentionally go from working five days a week to four days without a drop of revenue.   You are not a Republican.   You are a fascist.  You make things up.  California is kicking asz right now, and you and your silly mind numbing stupid analysis cannot change that trend.

You should ask Lame Dork poster Markle if he has spent any appreciable time in California along the way... Or if he has been there at all in his life!

http://www.best-electric-barbecue-grills.com

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