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Posted on California Can fix their runaway Pension Plans

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Joe Lyddon

7620 posts in 2651 days


#1 posted 782 days ago

Howie:

I thought you had a normal Down to Earth pension… in the normal sense of a pension.
( for those of us getting them, they are always NOT paying enough! LOL )


Are the politicians willing to give up their pensions too? Just like congress “ain’t gonna happen”.

It WILL happen… It MUST happen… In California, you do not understand what is happening…
The City of San Jose IS going to DO IT… (yes, this next Tuesday’s elections will be very interesting!)

It’s as simple as I said before.

It has gone too far… Government pensions are TOO FAR out of line… Something MUST be done to fix it… just like San Jose is working on. If it’s NOT fixed, declaring bankruptcy to force reorganization will be the ONLY other way to solve the problem.

Incidentally, California’s legislature IS going to take a CUT in Salary… 5% I think… which includes the Governor.
IMHO, is more of a gesture than really FIXING anything… it will help… but, not all of it…

-- Have Fun! Joe Lyddon - Alta Loma, CA USA - Home: http://www.WoodworkStuff.net ... My Small Gallery: http://www.ncwoodworker.net/pp/showgallery.php?ppuser=1389&cat=500"


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