Locally we got Wendy McCaw and stately we got musclehead Arnold..these two are the main characters in the war against the working class.. they want to reduce pay and benefits for police, fire fighters, teachers, plumbers, city and state workers. Wendy continues to spread lies about the working class in he
r editorials; today, she put the wrong heading on the editorial about gerrymandering!! How fucking stupid are these people??Arnold was elected and he thinks unions are too powerful..ie workers are too powerful..does he belong to the actor's union? First off, Arnold became a big star by bodybuilding..he ingested steroids to make his body bigger than it normally should be and did some really lame movies and got rich...people were blinded by his screen image..in reality he's an idiot...a big dumb idiot who has driven California into more debt..I mean, raise a tax if you have to..it won't kill you! But no, he's afraid of other multi-millionaires who might criticize him...like Wendy McCaw, another fraud who got her money the old fashioned way..from a divorce! And now these two want to tell the workers: no pay and no pensions and no paying into their own pensions!! They have no idea how the government works!!
They use all the scare tactics to frighten other rich parasites (divorcees & trustfunders) into thinking gov't is the problem!
hypocrite Arnold wants to help SAG actors
..but not teachers!!
r editorials; today, she put the wrong heading on the editorial about gerrymandering!! How fucking stupid are these people??Arnold was elected and he thinks unions are too powerful..ie workers are too powerful..does he belong to the actor's union? First off, Arnold became a big star by bodybuilding..he ingested steroids to make his body bigger than it normally should be and did some really lame movies and got rich...people were blinded by his screen image..in reality he's an idiot...a big dumb idiot who has driven California into more debt..I mean, raise a tax if you have to..it won't kill you! But no, he's afraid of other multi-millionaires who might criticize him...like Wendy McCaw, another fraud who got her money the old fashioned way..from a divorce! And now these two want to tell the workers: no pay and no pensions and no paying into their own pensions!! They have no idea how the government works!!They use all the scare tactics to frighten other rich parasites (divorcees & trustfunders) into thinking gov't is the problem!
hypocrite Arnold wants to help SAG actors
..but not teachers!!
the new boogieman: unfunded liabilities
All of the grotesquely huge unfunded liability numbers spouted by scare mongers depend on forecasts that go out many decades, often hundreds of years. Such forecasts routinely go beyond the point where we could have any firm knowledge of what to expect.
the unfunded liabilities ruse
When neo-conservatives like Wendy and Arnold don't get what they want, they blame the unions..if a municipality goes under, blame the union; if a private business goes down, blame the union; if there's not a big enough wine list at Tre Lune, blame the union! The NewsPress has repeatedly tried to use the "unfunded liabilities" boogieman to argue against employee benefits, county and city...so they don't have to pay any. If you have a mortgage, you have an unfunded liability, or debt that you will pay off as part of the deal you set up...it is unfunded to the degree you can't pay it off immediately...it is how most of us buy houses!
Now, the real problem is obvious: a global financial crisis brought about by America private business greed...the list is long, from Enron to AIG..the US is in a recession; in California, governor Arnold is still trying to bring down unions instead of being a leader. 70 days without a budget is simply bad leadership...That's means he needs to raise taxes where necessary: gambling, gas, 1/2 cent sales tax, etc to secure California's future. If people aren't working and paying taxes, where do think the money is going to come from to run this state? Santa Claus??
Myths and Realities
Myth: Taxpayers are on the hook for huge unfunded liabilities thatwill break the back of government.
Reality: Paying off the unfunded liability is built into the funding program used by retirement systems, and as with all benefit costs, unfundedliability will be substantially paid off through investment earnings.Unfunded liability does not have the same importance in the public pension context as it does in the private sector context.
Myth: The cost of public employee retirement systems has skyrocketed.Reality: As a percentage of payroll, employer contributions have remained relatively stable over the last 15 years.Average Employer cost today is only 4% higher than in 1990
Do not be misled by people who compare costs today
to the artificially low costs when the stock market was
booming in 1998-2000. In contrast to employer costs, which dropped in the
boom but have now returned to normal levels, employee costs have consistently trended upward over the last 15 years.. employees have been paying for an increasing part of the cost of their benefits...
Now.. most public employee pensions are protected by the constitution, gov't contracts and Public Employee Retirement System. Workers put a percentage of their pay into this fund and over the years, it adds up because they can't touch it until they quit or retire...it is a great way to save and prepare for the future...and IT'S THEIR MONEY!!!
All of the grotesquely huge unfunded liability numbers spouted by scare mongers depend on forecasts that go out many decades, often hundreds of years. Such forecasts routinely go beyond the point where we could have any firm knowledge of what to expect.
the unfunded liabilities ruse
When neo-conservatives like Wendy and Arnold don't get what they want, they blame the unions..if a municipality goes under, blame the union; if a private business goes down, blame the union; if there's not a big enough wine list at Tre Lune, blame the union! The NewsPress has repeatedly tried to use the "unfunded liabilities" boogieman to argue against employee benefits, county and city...so they don't have to pay any. If you have a mortgage, you have an unfunded liability, or debt that you will pay off as part of the deal you set up...it is unfunded to the degree you can't pay it off immediately...it is how most of us buy houses!
Now, the real problem is obvious: a global financial crisis brought about by America private business greed...the list is long, from Enron to AIG..the US is in a recession; in California, governor Arnold is still trying to bring down unions instead of being a leader. 70 days without a budget is simply bad leadership...That's means he needs to raise taxes where necessary: gambling, gas, 1/2 cent sales tax, etc to secure California's future. If people aren't working and paying taxes, where do think the money is going to come from to run this state? Santa Claus??
Myths and Realities
Myth: Taxpayers are on the hook for huge unfunded liabilities thatwill break the back of government.
Reality: Paying off the unfunded liability is built into the funding program used by retirement systems, and as with all benefit costs, unfundedliability will be substantially paid off through investment earnings.Unfunded liability does not have the same importance in the public pension context as it does in the private sector context.
Myth: The cost of public employee retirement systems has skyrocketed.Reality: As a percentage of payroll, employer contributions have remained relatively stable over the last 15 years.Average Employer cost today is only 4% higher than in 1990
Do not be misled by people who compare costs today
to the artificially low costs when the stock market was
booming in 1998-2000. In contrast to employer costs, which dropped in the
boom but have now returned to normal levels, employee costs have consistently trended upward over the last 15 years.. employees have been paying for an increasing part of the cost of their benefits...
Now.. most public employee pensions are protected by the constitution, gov't contracts and Public Employee Retirement System. Workers put a percentage of their pay into this fund and over the years, it adds up because they can't touch it until they quit or retire...it is a great way to save and prepare for the future...and IT'S THEIR MONEY!!!
Neocons have been going after our cash since the Pete Wilson days, but they're not gonna get it..ever...so keep your grubby hands off my pension, Arnold..or you'll answer to me...
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