Nobody knew Coronavirus was coming. But everybody should have known stock markets don't boom forever.
This week:
The pot of invested money used to pay for hundreds of thousands of California public employee pensions has shrunk by $69 billion as coronavirus has squeezed global markets.Look for the City Council to bring back the Barth-Kranz-Shaffer sales tax increase proposal to pay for those huge early retirement pensions.
The California Public Employees’ Retirement System’s fund balance stood about $335 billion Thursday, down from a record high of $404 billion one month ago, according to CalPERS officials.
[...]
Absent a major market swing upward, the losses will impact local governments, schools, taxpayers and some state and local public workers.
Cities, counties and schools will have to pay CalPERS more in the years to come to help make up for the losses, putting pressure on them to raise taxes or reduce public services.
Mayor Blakespear assures us that unfunded pension liabilities are just like a home mortgage.
Oh fun. Let's shut private business down to the point where most will never come back. Decree that people cannot go to work which leads to massive layoffs.
ReplyDeleteBut city and gov workers who will get paid no matter what and not lose their jobs so can continue to enforce the criminal decrees of the elite political class...then increase the taxes on the folks who are now unemployed so they can garner full pensions.
Don't worry the public will comply!
If all Republicans would just sign over their Trump Socialism checks, this probably would be solved.
ReplyDeleteThis is great. 11:17 a leftist nutcase response. 11:17, I suggest you get back on your meds. Or, have yourself committed. And for gawd sakes, please don't vote...or drive
Delete11:29 also gives himself a “10” for everything he does.
Delete11:29 can’t think. Like many low IQ trumptards his only thoughts are reactions to “leftist.” The leftist live rent free in that big empty noggin of his. Everything is his life sucks, is too soft to own up to it, so blames the left. Its chickenshit and intellectually lazy.
DeleteOnce again, as in 2008, Republicans have fucked everything up. Once again, Democrats will be elected to come in and restore competence, stability, economic growth, and international respect. A decade later, it will probably happen again.
ReplyDeleteTrump team failed to follow NSC’s pandemic playbook
DeleteThe 69-page document, finished in 2016, provided a step by step list of priorities – which were then ignored by the administration.
In a few days, the US will top China and Italy to have more COVID 19 cases than any nation on earth.
"I give myself a 10."
https://www.politico.com/news/2020/03/25/trump-coronavirus-national-security-council-149285
Good god 818 you need to get some serious help. Before you do I want you to visit my hot dog stand. I've got some batsoup I'm selling (under the counter) in an out of the way corner of central park in NYC. It's got Covid-19 specific antibodies in it so you'll be nourished well and it safe, safe, safe.
DeleteCome with a china virus testing kit.
For you? Only 2 tokens
The America hating left, never happy, always angry. Like a child with A.D.D Want to confuse and frustrate a leftist?
ReplyDeleteTell them the truth.
Leftists love to build victim mentalities. The problem with that is with a victim mentality you can never find happiness.
ReplyDeleteBe thankful for what you have and take care of your own house. When you do those things, you will build a better life for yourself and experience happiness.
Victim mentality, you say?
DeleteLike, the media are all biased against me? The fact checkers are all biased against me? Social media companies are all biased against me? The brown man is taking my job? Scientists are all biased against me? Like, George Soros controls everything? Like, white males are the only truly oppressed class? Like, “you can’t even compliment a woman anymore.”? Like, “they” are coming for your guns?
Shall I go on?
7:04 sounds scared and like a perpetual victim. Grow a pair loser.
Delete7:04. You are spot on. The problem with leftist is they never admit when wrong. They make up lie after lie and when found out...they make up more lies.
DeleteLook at the Russia hoax, all fabricated. Then the impeachment. There is no end to the shifty eyed garbage they try and pull. They are the enemy within and people with any sense are on to them. I cannot wait to watch them lose their minds when the current President wins again. There is truly something very wrong with the mind of the leftist. Watch their eyes, they can't focus and are always shifting back and forth. When asked to explain a position, they always get mad, it never fails. Complete insanity.
7:04 and 2:42 have the same IP address. Pretty sad
Delete"Earth to joe biden...come in joe. Where are you?, Joe?"
DeleteI saw on Facebook that the local chapter of the Tea Party is going to be protesting the stimulus bill today. They are demanding a reduction of the national debt and federal budget deficit through decreased government spending.
ReplyDeleteMore like the Kool-Aid party now.
DeleteMuir will want a cost of living to $200K a year! He'll starve at the current $190K/year!
ReplyDelete