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JustWondering's avatar

JustWondering

SDCERS Will Look into Looser Accounting

Above, Paul quotes Albert Einstein, “The definition of insanity is doing the same thing over and over again and expecting different results” Atypical is the current state of economics in the world today. Why? Twenty or more years of consumption beyond everyone’s means. With that said, DO NOT equate what's going on with the economy and the goals of Jerry Sanders. He’s a politician now, that means he's a cheat and a liar. No matter what positions Sanders has held in the past, people change, power corrupts. Sanders is no different. His desire for power is manifested by the strong arm domination over the city and its employees. When was the last time a manager or director felt free to speak their minds about things going on at the city? In December 2012, sooner if the right offer comes along, Sanders walks away, not accountable for anything he's done. He'll be laughing all the way to the bank collecting his pension and FULL MEDICAL BENEFITS. The same medical benefits promised for years but employees will not receive as of July 1, 2009. If exam Sanders' history with the City we find a pattern of contemptuous behavior and control over his peers. One might describe it as arrogance others may link it to behavior practiced by sociopaths. Whether it was suing for promotions or letting the bloodbath at the McDonalds in 1984 continue because he was not at the scene this man could cares less about his fellow human beings, then he does for himself. No, it all about Gerald Sanders. Another example, last year when it suited his needs to support his daughter and same sex marriage, politician Sanders changed his political position, and then shed a tear for the cameras and media. He should have been nominated for an Academy Award. Never mind about the years of jokes about gays and their lifestyle while he was a police officer, supervisor and manager. They meant nothing. But I digress. Aberrant means straying from the right or normal way. In the context of this rant I could be talking about a lot of things but aberrant in this case is about the investment earning of SDCERS. If we examine SDCERS' Actuary, Cheiron, their presentation to the Board shows there have been times of aberrant investment returns before, and there will probably be times like these in the future. But in each case investments have recovered and flourished. In fact there have been periods where SDCERS and other public pensions have been flush with cash and swelling with substantial returns. But then the politician got their dirty hands into them and damaged them (Cheats and Liars) for special projects designed to enhance THEIR standing and not the public good. We got MP1 then MP2 and now Sanders is trying to get MP3 by stacking the Board with NEW members and removing the ones with institutional memory. Today, we are living during aberrant economic times, but no overreaction is necessary. Don’t let Sanders scare tactics alter the 30-40 year long term goals of SDCERS.
— July 19, 2009 11:55 a.m.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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