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Stockton bankruptcy ruling could deal blow to CalPERS, public pensions


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2014 Oct 1, 12:40pm   31,450 views  91 comments

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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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