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Pssst! Howd'ya Like to Retire with $300,000 a Year of Taxpayer Moolah
Back to the pension scam/mess, we need to CUT the pay of current employees-since we cannot cut their 3%@50 pension, and we need a second tier pension for ALL new employees. We are out of money, so is the state-all CA muni's are broke, and that is not changing for many, many years to come. Anyone who understands the origins of our current meltdown – which was NOT a cyclical economic event – knows that. Manufactured economic bubbles fueled a large part of our GDP in the last decade because we are losing the economic war to emerging global competitors. We just don’t have the capacity to produce the GDP necessary to maintain our former lifestyles. And all gov's, whether local, state or federal, rely upon the private sector to drive GDP so they can stay flush in cash (OPM). Sorry, those days are over. And their ability to tax will deteriorate as citizens continue to lose their ability to pay. Think Japan. Rough seas ahead, we're going under I'm afraid because no one is willing to stand up and fight the public employees/unions.— October 4, 2010 2:28 p.m.
San Diego City Hall's OneSD Program at $37 Million and Counting
Do you also think our City should declare Bankruptcy now or sell everything off then declare Bankruptcy? ======== In chapter 9 BK-muni BK, there is no asset sell off, it is not an asset/liability BK, but a cash flow BK. If you do not have the cash flow then you get the protection of the court and have debts adjusted/dismissed. No matter how many golf course, parks, buildings or any other real or personal propeties the muni owns..........— October 4, 2010 2:15 p.m.
Meg Whitman, Jerry Brown, or Someone Else?
You nailed it. Do you ever wonder why gov does not make progessive cuts-starting with those who are at the top of the compensation scale making the most taking the biggest % of cuts, when budgets are out of sync??? Instead they cut parks, rec, pools, street cleaning and all the LOW PAID employees first-and often just them. They do that intenionally of course.....— October 4, 2010 1:20 p.m.
San Diegans Sparse in Forbes 400 List
$1.5 Billion? I feel a $10 million Halloween Party coming!!! By valueinvestingisdead ======================= OK, we need our Reader pal Margo (and Kima!) to get us lowly Reader peeps into this party when it arrvies!!!!!!— October 4, 2010 1:17 p.m.
Pssst! Howd'ya Like to Retire with $300,000 a Year of Taxpayer Moolah
It's more eye-popping to look at the real cost of education per pupil, by including all costs (in particular, bond measures). They don't have specific numbers for San Diego, but: The 2008 New York publicly stated budget was $17,696 per pupil. The Cato Institue calculated an actual value of $21,543. Los Angeles claimed $10,053 per pupil. The Cato Institute calculated an astonishing actual figure of over $25,000 per pupil. =========== Yes, you add in ALL of the costs for education (read teacher comp b/c 80% of the education budget goes to employee costs) and it is crazy-you certainly do not get much bang for the $$$$$. Of course when you're spending $600 million on just ONE SINGLE high school, like Los Angeles just did-you are really just throwing money down the drain. Who in their right mind would spend more than half a billion for a single public school???? Only gov employees would. They have no accountability whatsoever. This is not even mentioning the the $300 million LAUSD spent on the Belmont HS/Learning Center, which was built on toxic oil and gas reserves and was hundreds of million over budget and 5 years late to open...I mean why on earth would anyone want to keep education in the gov's hands after these multitudes of screw ups???????— October 4, 2010 1:12 p.m.
Pssst! Howd'ya Like to Retire with $300,000 a Year of Taxpayer Moolah
In fact, I have a cousin about eight years older than I am who was the first girl born in the family in 200 years. The previous girl had been captured and raised by Indians in the 1730s. ============ That is truly amazing you can track yor family history back that far-that is pretty cool. Wish I could do that.— October 4, 2010 1:03 p.m.
San Diego's Highwayman
Someone needs to step up for this man.....I would if I had the $$$, he deserves it. He is a true hero....— October 3, 2010 8:45 p.m.
Pssst! Howd'ya Like to Retire with $300,000 a Year of Taxpayer Moolah
wonderwoman Rdog By nan ======================== I like "Wonderwoman", and I love "Rdog". Can you please model the WW outfit for me Nan????— October 3, 2010 4:03 p.m.
Meg Whitman, Jerry Brown, or Someone Else?
I agree, I think the two choices boil down to the better of two evils. After the Arnold flop, I have my doubts as to whether an outsider can do the job. I think Arnold could have been a tremendous success IF he did not tuck tail and run from the public unions after hthey spanked him on his four ballot initatives in 2004. If he stuck to his guns those would be winning issues today- and he could have made big change and would have been viewed as a success instead of the failure most people think of him today.— October 3, 2010 12:05 p.m.
San Diego’s home-price recovery isn’t what it seems
The middle class is shrinking, but not to a great extent because of bad fiscal policy. It is shrinking because of private sector greed. ================== Private sector greed= special interests= drives bad public and fiscal policy.— October 2, 2010 11:04 p.m.