patrick.net

Marcus has indicated he is a public school teacher in California, so I suspect he'd be impacted by matter of CALPERS solvency.

With Governor Gavin "glamour boy" Newsom stating California welcomes any illegal immigrant seeking sanctuary, how will that impact CALPERS ?

Will it take away from the California funding pie (i.e., more money for public schooling and social welfare for children of illegal immigrants, etc.) that would go to funding CALPERS ? Will California require more employee contributions to CALPERS ?

One thing for sure, the stock market based on Shiller PE ratio (and economic cycles) is likely near peak. CALPERS should just put all the money into Vanguard Life Strategy Income Fund (i.e., 30% stocks/70% investment grade bonds) and safely count on about 6% annual return.

AD says

Marcus has indicated he is a public school teacher in California, so I suspect he'd be impacted by matter of CALPERS solvency

No need to put someone's name in the title of a thread that is a forum participant

OccasionalCortex says

could be closer to $360 billion

Over how much time? 60 years?
Or $6 Billions / yr?

Really scary stuff.

HeadSet says

mell says

Agreed. In fact big corporations - not only wealthy individuals - are leaving CA in droves. Charles Schwab, McKesson just to name a few big ones. CA is fucked an cucked, the leftoids destroyed it.

Think Apple and Google will ever leave?

They may be the last if they ever leave because the SV leftoid censorship culture worships their enablers and thus they can get away with anything, for that they gladly pay a little extra for their employees. The free internet died around the time the dot com bubble burst at the beginning of this millenium.

Kakistocracy says

mell says

CA is fucked an cucked, the leftoids destroyed it.

Good thing the Patron Saint of the GOP and the Governator had no hand in the demise.

Schwarzenegger was better than his crony predecessor Davis who is a criminal but overall the terminator has been cucked over the years and is pretty much a neocon somewhere between the nutty left and the Trump Republicans. A regular mainstream GOP guy won't fix the CA mess, they need a Giuliani style intervention by now.

@marcus

Did this OP "Marcus' Pension Just Got Even More Screwed" title actually offend you?

Kakistocracy says

Would seem to me the title of the thread is over the borderline a personal attack.

Is it really necessary to install someone's name as opposed to just indicating how screwed up CalPers is?

Nope... Marcus has claimed he's "entitled" to that pension, so it's factual.

Why do you hate FACTS and the TRUTH?

HeadSet says

Did this OP "Marcus' Pension Just Got Even More Screwed" title actually offend you?

Perhaps having a single set of rules would be nice

personal

OccasionalCortex says

But then...why the need for CalPERS, then? :)

So, no. They will never do that. Ever.

I see your good point. Don't run CALPERS like a hedge fund and run it more like the Thrift Savings Plan (TSP). They'll still reliably earn 6 to 7% per year.

Those who get the California pension from Calpers will be OK.

Why? Because the politicians put California taxpayers on the hook for Calpers fuck ups.

It's set up so that if Calpers makes money, they get to keep it. If Calpers loses money, the tax payers have to make up the difference.

"Heads I win, tails I win."

OccasionalCortex says

...CalPERS’ current unfunded liabilities, officially $179 billion, could be closer to $360 billion, completely overwhelming the fund’s current assets and making it, on paper at least, insolvent.

This is why the fucks are salivating at the thought of breaking down the last tax protection a.k.a. Prop13 and going full Illinois on our asses.

OccasionalCortex says

for Prop 13, they would have to amend the state constitution. And telling voters they need to vote for it to bail out entitled public sector union brats won't fly. So, expect them to spin some other crap-story. (Single Payer!)

Yep, "single payer", "fairness", "housing crisis", "it's for the children!" and the rest of that tired crap.

Herdingcats says

And @Patrick, why is Kakistocracy and others able to read this post even when I set them on 'ignore'?

Why can I comment on your post with me on ignore?

The same reason Mr. Magic aka Sniper aka Ironman is allowed to pollute people's posts/threads when they have him on ignore.

personal

Herdingcats says

Are you sure he can read them when he is logged in?

You betcha !

Kakistocracy says

Are you sure he can read them when he is logged in?

It's even funnier when OC complains about me heckling him while Mr. Magic is out and about like bad case of diarrhea on everyone's posts seeking attention like a child pulling on its' mother's hem but nary a word of complaint about that.

OccasionalCortex says

This is why the fucks are salivating at the thought of breaking down the last tax protection a.k.a. Prop13 and going full Illinois on our asses.

With the mainstream media helping them, the Dems in California definitely can "convince" the public about the "altruism" behind eliminating Prop 13.

Look at what is going on in France with the Yellow Vest protest. The taxpayers there have had enough of all the "altruism" behind high taxes. They called b.s. on the increase in fuel taxes because they knew that the taxes were to fund more social welfare spending for immigrants (not for green technology initiatives).

Teachers are holy and special. They’ll raise taxes in CA to pay them.

They are treating the Yellow Vest protesters with maximal force. And the usual liberals/socialists are not complaining about police brutality.

They didn’t complain about suffering of the poor in communist countries either.

MisterLearnToCode says

They are treating the Yellow Vest protesters with maximal force. And the usual liberals/socialists are not complaining about police brutality.

personal

OccasionalCortex says

As per: https://patrick.net/post/1322156/?c=1568268

Kakistocracy says
says (me) .
And Patrick, why is Kakistocracy and others able to read this post even when I set them on 'ignore'?

And now: How could Kak read my comment when I have him on IGNORE? He can read both my post AND comments. <-- Patrick

@OccasionalCortex People can simply log out and read everything.

How else could I run the site? If you're not logged in, I really don't know who you are. I suppose I could try the "unerasable cookie" approach and block people who I identify that way, but that seems wrong.

FortWayneIndiana says

They didn’t complain about suffering of the poor in communist countries either.

They also don't care about Transsexual Anarchists trying to enter schools with pistols. Or Anarchists setting up 4 IEDs around the Eugene, Oregon police department.

Hurty the narrative, you see.

Herdingcats says

a public school teacher in CA and has repeatedly made a big deal about how entitled he is to that pension. That makes it open game to talk about/reference.

I've never talked about being entitled.

But I have argued that

1) a pension is simply a part of a govt workers compensation

2) That the details of how it works (i.e., what I pay in to it per year, what my employer pays in per year and what the state pays in per year, are all public knowledge.

3) If you think it's such a great way to get rich for not working very hard, you could have been a cop, or a teacher, or a fireman, or for that matter a lifer in the military, or any one of a number of other govt jobs.

You didn't though. SO it must not be that great of a deal. Or possibly you simply were not qualified to do any of those jobs, or did not choose to become qualified.

By the way, there's calpers and cal strs, 2 separate and distinct pension funds.

@Patrick

Just wondering if you're going to show some consistency here? If so, it seems you missed some posts made by a poster beginning with "K".

Aren't you interested in fairness?

After all:

Patrick says

Patrick.net is an uncensored anonymous forum.

Just wondering if that's still accurate?

marcus says

I've never talked about being entitled.

Being a teacher, you and all teachers deserve every cent that's coming to you, I don't consider that being "entitled" in the usual negative sense.

P N Dr Lo R says

marcus says

I've never talked about being entitled.

Being a teacher, you and all teachers deserve every cent that's coming to you, I don't consider that being "entitled" in the usual negative sense.

Unions don't deserve what they get, that I can tell you. Because it's mob rule, not competence. It's groups bribing politicians to get benefits in return. In CA, government jobs reward way beyond peoples competency, at expense to taxpayers naturally who are struggling to pay taxes and make far less.

MrMagic says

Just wondering if you're going to show some consistency here? If so, it seems you missed some posts made by a poster beginning with "K".

@MrMagic Please flag any personal comments.

MisterLearnToCode says

They are treating the Yellow Vest protesters with maximal force. And the usual liberals/socialists are not complaining about police brutality.

Yes, Leftists love it when the government applies Orweillian tactics on those who protest government abuse and overtaxation.

Proof positive that the tariffs are working as intended paving the way for more buyouts by the Agri-Business concerns to eliminate those pesky Mom & Pop operations for once and for all.

Once the monopolization is complete - raise the prices on everything until the consumer is writhing on the ground in pain every time they reach for their wallets.

Billions of years this earth existed, did just fine despite meteors, ice ages, floods, earthquakes, but now we're supposed to believe gas, that the earth has naturally produced, also for billions of years, will end everything. The sheer arrogance of man's self-important delusions is STAGGERING.

Yes, ME ME ME. The ALL IMPORTANT "I". The earth should be thanking US, and every animal too for keeping things running, and SAVING the planet. I mean fuck, we're practically gods!!!

www.youtube.com/embed/7W33HRc1A6c

Yep he's so crazy Google, youtube, Facebook, Twitter, Paypal and GoDaddy had to deplatform him.

I wish we could deplatform all batshit crazy idiots, there wouldn't be one single Liberal on the Internet.

Not a fucking One!

Elgatouno says

Proof Alex Jones is bat shit crazy.

Or more likely...he plays a crazy and dumb people give $$ to him.

Alex Jones is authentic.

Authentically unhinged

If someone is raking in the cash in a highly competitive environment, that someone is not crazy or stupid. That someone is an excellent showman with a best selling act.

Joe Rogan is more authentic.
If he says it, it's not like if the left wing media was saying it.

I wonder what "Irish Times" and "veteranstoday" had to say on the subject.