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Old 10-24-2012, 11:52 AM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,447,145 times
Reputation: 8955

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Nine States with Sinking Pensions - 24/7 Wall St.
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Old 10-24-2012, 11:57 AM
 
Location: Los Altos Hills, CA
36,658 posts, read 67,519,268 times
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Quote:
Originally Posted by TVC15 View Post

California is not even ranked in that list of 9 states.
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Old 10-24-2012, 12:03 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,447,145 times
Reputation: 8955
Quote:
Originally Posted by 18Montclair View Post
California is not even ranked in that list of 9 states.
That was not the point of posting the article. The fact that CA is 113 Billion under funded is alarming enough. They are coming after our wallets for sure!

I wanted to link the source.
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Old 10-24-2012, 12:05 PM
 
Location: Where they serve real ale.
7,242 posts, read 7,906,557 times
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Repeating the lie over and over doesn't make it true. The real number is an order of magnitude less and we've been over this before.
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Old 10-24-2012, 12:05 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,447,145 times
Reputation: 8955
Quote:
Originally Posted by Think4Yourself View Post
Repeating the lie over and over doesn't make it true. The real number is an order of magnitude less and we've been over this before.
Show us the real number then.

I also suppose that you don't think that CA needs pension reform?
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Old 10-24-2012, 12:09 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,447,145 times
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CA Holds One-Fourth of Nations $2.2 Trillion in Unfunded Pension Liabilities


CA Unfunded Pensions Triple to $884 Bil | CalWatchDog
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Old 10-24-2012, 12:13 PM
 
457 posts, read 1,182,427 times
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Quote:
Originally Posted by Think4Yourself View Post
Repeating the lie over and over doesn't make it true. The real number is an order of magnitude less and we've been over this before.
Ahhh yes, but I believe that is the policy of our loving liberal democrat's.

Quote:
If you tell a lie big enough and keep repeating it, people will eventually come to believe it

- Joseph Goebbels
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Old 10-24-2012, 12:28 PM
 
880 posts, read 1,415,476 times
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$884.00 Billion

No big deal, that works out to just a bit over $24,000.00 for every man, woman and child in CA. Lets see that is nearly $100,000.00 for a family of 4. No big deal right? That includes illegal and legal residents.

Of course by January the amount will have gone up to even more. Get out the check book, the tax man cometh.
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Old 10-24-2012, 12:57 PM
 
Location: Central Bay Area, CA as of Jan 2010...but still a proud Texan from Houston!
7,484 posts, read 10,447,145 times
Reputation: 8955
Just curious if you can think4yourself...what is the lie?

Damn that is one ugly chart!

Making Sense of the Mathematics Of California
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Old 10-24-2012, 02:07 PM
 
1,321 posts, read 2,652,209 times
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For some reason, I'm predicting that the level of discourse in this thread will revolve around fingerpointing and naked links to partisan websites, and not actually the appropriate expected return of professionally managed investments or reasonable and considered reforms to pension promises.
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