Post by Joe Cocker on Mar 17, 2011 11:18:35 GMT -5
Welcome to, CA Political News (JUSTGOOGLE)
We lead in something!! California leads nation in bankruptcies
March 17, 2011, 12:16 AM
We are last in bond rating, almost last in school results, highest in taxes, almost the top in unemployment, but tops in foreclosures.
Now, California can say it has the most bankruptcies.
"More small businesses failed last year in California than in any other state, accounting for nearly 20 percent of the nation’s business bankruptcies, according to a report Wednesday from Equifax Inc. (NYSE: EFX) of Atlanta, Ga., one of the nation’s three major credit reporting bureaus."
The bad news is that Guv Brown want a $70 billion tax increase over five years--enough to guarantee we will be the number one State in bankruptcies for years to come. Thank you Jerry--and thanks to Arnold for setting the foundation for all this.
California Moves Closer Toward Default
March 16, 2011, 11:54 PM
California is in a Depression. The pension plans have hundreds of billions of unfunded liabilities. The newest scandal is the $60 billion of unfunded liabilities in health care agreements.
"California tax payers just took a huge punch in the nose from the same actuaries who provided the cover for state politicians to spike public employee retirement benefits. The latest shocker comes from California State Controller John Chiang who yesterday unveiled a new actuarial report that shows California faces another unfunded debt of $59.9 billion to pay for retiree health and dental benefits over the next 30 years"
How did we get here? Corruption.
"The California Governor and the Legislature used the study, paid for by employees who are eligible for retirement benefits, to justify 40% retroactive increases in lifetime pension payments and enhancements of retiree healthcare. During 2008 and 2009, a bogus California actuary study claiming the retiree healthcare plan was over-funded was used to justify waiving mandatory employee contribution increases to cover accelerating healthcare insurance premium increases."
The "employees"? Unions.
Once again the fingerprint of monopoly unions is on the gun killing California jobs and its' economy.
When will we become Wisconsin and put a stop to the corrupt, job killers? Until then we can watch the State crumble.
We lead in something!! California leads nation in bankruptcies
March 17, 2011, 12:16 AM
We are last in bond rating, almost last in school results, highest in taxes, almost the top in unemployment, but tops in foreclosures.
Now, California can say it has the most bankruptcies.
"More small businesses failed last year in California than in any other state, accounting for nearly 20 percent of the nation’s business bankruptcies, according to a report Wednesday from Equifax Inc. (NYSE: EFX) of Atlanta, Ga., one of the nation’s three major credit reporting bureaus."
The bad news is that Guv Brown want a $70 billion tax increase over five years--enough to guarantee we will be the number one State in bankruptcies for years to come. Thank you Jerry--and thanks to Arnold for setting the foundation for all this.
California Moves Closer Toward Default
March 16, 2011, 11:54 PM
California is in a Depression. The pension plans have hundreds of billions of unfunded liabilities. The newest scandal is the $60 billion of unfunded liabilities in health care agreements.
"California tax payers just took a huge punch in the nose from the same actuaries who provided the cover for state politicians to spike public employee retirement benefits. The latest shocker comes from California State Controller John Chiang who yesterday unveiled a new actuarial report that shows California faces another unfunded debt of $59.9 billion to pay for retiree health and dental benefits over the next 30 years"
How did we get here? Corruption.
"The California Governor and the Legislature used the study, paid for by employees who are eligible for retirement benefits, to justify 40% retroactive increases in lifetime pension payments and enhancements of retiree healthcare. During 2008 and 2009, a bogus California actuary study claiming the retiree healthcare plan was over-funded was used to justify waiving mandatory employee contribution increases to cover accelerating healthcare insurance premium increases."
The "employees"? Unions.
Once again the fingerprint of monopoly unions is on the gun killing California jobs and its' economy.
When will we become Wisconsin and put a stop to the corrupt, job killers? Until then we can watch the State crumble.