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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: zzpat who wrote (5321)12/17/2017 8:46:52 PM
From: Kirk ©1 Recommendation

Recommended By
Investor Clouseau

  Read Replies (1) | Respond to of 26434
 
Yup. Public employee unions go on strike or don't support politicians who won't give them big pensions and pay raises. So they kick the can down the road, spend lots of money on protecting illegal immigrants and other politically expedient things while letting crooks who bust into cars go the same day they are arrested.. We don't call it Corruptifornia for nothing. I'd never want to live in SF.



To: zzpat who wrote (5321)12/17/2017 9:06:43 PM
From: Kirk ©1 Recommendation

Recommended By
Investor Clouseau

  Read Replies (1) | Respond to of 26434
 
You can't blame San Francisco's over spending or California overspending on Republicans.... but for the occasional governator who can veto spending he doesn't like from the democrat controlled legislature, we really don't have many Republicans any more here.

btw, $1.8B is chump change for underfunded CA pension liability.

California has one of nation's worst public pension shortfalls | The ...

www.sacbee.com/news/politics-government/politics-columns.../article148181774.html
May 3, 2017 - California's unfortunate status is confirmed in a new report from Pew Charitable Trusts, which found that in 2015 the state's two big pension funds had the nation's sixth-worst record of reducing unfunded liabilities, gathering just 79 percent of the $18.9 billion they needed to keep their pension debts from rising. California's ...

California's Total Government Debt Rises to $1.3 Trillion - Sacramento ...

www.sactax.org/2017/01/californias-total-government-debt-rises-to-1-3-trillion/