Comments on: California pension fund loss: $56.8 billion

By: WarEagle82

WarEagle82 — Wed, 22 Jul 2009 11:01:08 +0000

What’s the problem? Sounds like CalPERS is doing about as well as the Feds did with my money in the great Social Security Ponzi Scheme.

I figure I will “invest” a minimum of $450,000 into Social Security and get back about $350,000 IF the government doesn’t kill me before I am 80…

I think Obamacare is about making sure the government doesn’t allow me to “break even” on my Social Security “investment.”

By: California budget deal announced – good and bad news | Fire Andrea Mitchell!

Tue, 21 Jul 2009 19:49:22 +0000

[...] Governor Arnold Schwarzenegger and legislative leaders have agreed on a compromise plan to close the state’s $23.6 billion budget gap. The good news? No new taxes, off shore oil drilling off the Santa Barbara coast, and welfare cuts! [...]

By: jsmiddleton4

jsmiddleton4 — Tue, 21 Jul 2009 19:39:13 +0000

“there will be no healthcare.”

If you listen to Obama and his buds speak they seem to be trying to convince us we don’t have health care now….

By: jsmiddleton4

jsmiddleton4 — Tue, 21 Jul 2009 19:08:31 +0000

oops. spent….

By: jsmiddleton4

jsmiddleton4 — Tue, 21 Jul 2009 19:07:06 +0000

“They can be used only for executive bonuses and junkets.”

I would love to see the total of tax payer money our politicians have spend on bonuses and junkets as compared to the amount of bail out money that has been spent in the private sector on the bonuses and junkets. Wonder which would be the larger expense of tax payer money?

By: hawkeye54

hawkeye54 — Tue, 21 Jul 2009 18:31:44 +0000

The criteria they won’t come out and tell you is that once you reach retirement age there will be no healthcare.

The object of Obamacare is to ensure you just reach retirement age and perhaps just a little longer, if it can at all be helped, and your existance on this planet will be reviewed annually.

Once your use as a taxpayer has ended and you are beginning to suck up more in resources than you support, you’ll be encouraged to find your way out of this world, preferably on you own, but assistace will be available if need be!

By: Right By-The-Sea

Right By-The-Sea — Tue, 21 Jul 2009 17:21:59 +0000

Participation in the CalPERS pension fund is not “optional,” or else I’d be putting that substantial percentage of my husband’s paycheck in the mattress. It’d be much safer there.

And, for those who are of the opinion that all people living in California are “socialist libtards” who deserve all the “bad” that’s coming down the pike, understand that there are a lot of us staunch conservatives here…just not enough to offset the “fool” vote.

By: Safe hands « Blithe Spirit, the Blog

Safe hands « Blithe Spirit, the Blog — Tue, 21 Jul 2009 16:47:10 +0000

[...] from the irreplaceable Michelle Malkin, thanks to link from the irreplaceable Instapundit. Instant is right. It’s how [...]

By: tre

tre — Tue, 21 Jul 2009 16:41:26 +0000

They’ll just raise taxes on “The Rich” and say that “The Rich” shouldn’t be able to collect their fair share of the pension.

But, wait, “The Rich” are leaving Kalifornia, and taking their money with them.

Ships deserting the sinking rat, I suppose.

By: Gorebot

Gorebot — Tue, 21 Jul 2009 16:19:27 +0000

Normally, I’m not of a conspiratorial mindset, but I’m beginning to think al-Qaeda is not Pakistan.

Rather, they’re in hiding in plain sight in Washington DC, and doing a fine job at fulfilling their objective!

Looks like Rush was right again!

By: rocketman

rocketman — Tue, 21 Jul 2009 16:15:15 +0000

***
The country seems to be following the President Jimmuh Carter (aka the worst president in my memory–until the Messiah knocks him into second place!) plan to perfection–stagflation coming soon.
***
Meanwhile, Kalifornia keeps voting in these “democratic” / liberal / socialist / marxist / statist / communist clown politicians to keep raping their economy.
***
However, the people are getting what they voted for–in spades. Don’t use the vast petroleum resources and have the tax income help out the state budget–Alaska style. Don’t build nuclear power plants–put up some windmills and solar panels. Don’t boot out the “undocumented immigrants”–aka ILLEGAL ALIENS–give them in state tuition rates. Don’t execute the murderers who have been on death row for 20+ years–get them more taxpayer funded legal help.
***
Kalifornia voters made their bed this way–may they lie in in and enjoy it to the max. And don’t even think about moving to my Texas–we don’t need Kali2 here.
***
John Bibb
***

By: Ralph Gizzip

Ralph Gizzip — Tue, 21 Jul 2009 16:12:23 +0000

And now you know the real reason Obama is pushing nationalized healthcare. The criteria they won’t come out and tell you is that once you reach retirement age there will be no healthcare.

The quicker you die, the less they have to pay out.

By: jsmiddleton4

jsmiddleton4 — Tue, 21 Jul 2009 15:52:12 +0000

Shouldn’t these socialist in CA be putting retirees in state run communes? Why do they need to worry about the financial up or down of any retirement program?

By: Bigger Bandage for California’s Bleeding Budget: Financial Hemorrhaging Slowed Down, but $56.8-Billion Drop Reported for CA Pension Fund « Frugal Café Blog Zone

Tue, 21 Jul 2009 15:41:32 +0000

[...] – for now Instapundit: OUCH: California Pension Fund Loss: $56.8 billion…. Michelle Malkin: California pension fund loss: $56.8 billion and The Taxinator loves his open-borders welfare state and The Arnie-Barry lovefest and The paper [...]

By: Pasadena Phil

Pasadena Phil — Tue, 21 Jul 2009 15:21:33 +0000

Off topic but important enough to mention, Bernanke is giving uncharacteristically incoherent (for him) testimony in front of the House Financial Services Committee (Barney Frank). Well worth watching. He still sees “green shoots” of economic recovery, yet sees no need to tighten interest rates in the foreseeable future but will be ready to address inflation when it show up.

They are asking the wrong question. It’s not about inflation so much as it is about stagflation. We are already seeing signs of that.