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Stockton bankruptcy ruling could deal blow to CalPERS, public pensions


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2014 Oct 1, 12:40pm   31,540 views  91 comments

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84   socal2   2014 Oct 6, 6:11am  

tatupu70 says

Come on-how is that any different than our tax dollars going to Haliburton,
then funneled back to the Republican party PACs to get more conservatives
elected to protect the War Machine.

Because public sector unions are #2 and #3 largest political donors in our politics and give almost 100% of their contributions (our tax dollars) to Democrats.

Whereas, Haliburton is not even in the top 200. The Koch Bros aren't even in the top 50. The rest of the military contractors spread the wealth pretty equally between Republicans and Democrats.

https://www.opensecrets.org/orgs/list.php

85   JH   2014 Oct 6, 6:18am  

tatupu70 says

I would argue that the pension for new hires be immediately changed to a more sustainable level with rules in place to prevent spiking

Already happening.

86   humanity   2014 Oct 6, 6:23am  

socal2 says

Because public sector unions are #2 and #3 largest political donors in our politics and give almost 100% of their contributions (our tax dollars) to Democrats.

What percentage of all workers are public sector ? Don't you think labor deserves a voice in our politics ? Caution must be taken against abuse of that voice, as it should with corporations.

socal2 says

Whereas, Haliburton is not even in the top 200

Which makes the amount of influence they've been able to buy all that much more impressive.

In the battle between Capital and Labor, Labor is losing big time. But apparently not enough in your opinion.

87   humanity   2014 Oct 6, 6:25am  

JH says

tatupu70 says

I would argue that the pension for new hires be immediately changed to a more sustainable level with rules in place to prevent spiking

Already happening.

The California laws against spiking, which often happens toward the end of ones career have been put in place for existing workers, not just new hires.

88   tatupu70   2014 Oct 6, 7:11am  

socal2 says

Because public sector unions are #2 and #3 largest political donors in our politics and give almost 100% of their contributions (our tax dollars) to Democrats.

Whereas, Haliburton is not even in the top 200. The Koch Bros aren't even in the top 50. The rest of the military contractors spread the wealth pretty equally between Republicans and Democrats.

https://www.opensecrets.org/orgs/list.php

If you read the preface, you'd understand why. Here is a better list (from the same source):

https://www.opensecrets.org/bigpicture/topcontribs.php

89   FortWayne   2014 Oct 6, 7:23am  

JH says

tatupu70 says

I would argue that the pension for new hires be immediately changed to a more sustainable level with rules in place to prevent spiking

Already happening.

Not really. Unions aren't letting that happen. The system is bound to run out of money sooner or later. So every year they'll look for more taxes, they'll call them "revenues". And make all kinds of proposals increasing taxes, and reducing benefits taxpayers get out of their taxes.

There's another thing, it's how you can tell when a radio channel or tv station is a commie rag, they will refer to taxes as "revenues". All in order to deceive an average American, and to sucker them into paying more to get less while government spends on their lavish excesses.

90   JH   2014 Oct 6, 7:27am  

FortWayne says

Not really. Unions aren't letting that happen. The s

No actually it is. This thread is about calpers.

91   socal2   2014 Oct 6, 7:31am  

tatupu70 says

If you read the preface, you'd understand why. Here is a better list (from
the same source):

Your list says it doesn't include money spent on issue ads which alot of public sector union money goes to to lobby for propositions to raise our taxes.

Also Act Blue still is the highest contributor by a mile and is pretty much a clearing house for trial lawyers supporting democrats.

Also notice how the big Wall Street money like Goldman Sachs switches parties from one election to the next (2008-2012). Alot of this big money are opportunists supporting whoever they think will win that particular election to garner influence. Whereas the public sector unions support Democrats nearly 100% year after year using *our tax money*.

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