Daily breaking news and news the liberal media doesn't want you to know, won't report, or just daily news issues.

dream the Democratic Plantation Dream as long as you can Munster. heck, you may not even have to click those Ruby Red Slippers Dorothy.

Munster, do you even bother to read? who are the people that you claimed in your original statement that caused the problem? would that be the taxpayers????? i went back and read what you posted. never once did you mention the taxpayer or the state sanctioned bond managers. nope according to you it was the profiteering stockbrokers that hoodwinked those innocent and "stupid" pensioners. you have got to realize that just because government bows to the labor unions in exchange for their continued reign of fiscal terror does not mean they can continue to squeeze the taxpayers forever. at some point the funds will dry up and you are left with what Stockton has realized. if asked most people, when given the choice, would say they had rather eat with their money than fund the next pie-in-the-sky dream of a politician.

Stockton and San Bernardino, a Tale of Two Bankruptcies

(Reuters)

(CNBC)

!"right to work is wrong.co m NO your republican super PAC's get donations from sources that dont give their name and according to Forbes that amounted to over a billion dollars !Your problem stems from your party doing everything possible to try and ban or restrict unions ! Now why do you think unions support dems ??Sorta the consequences of your actions !"right to work is wrong.co m

Heated nine-hour Stockton council meeting centers on bankruptcy

by Diana Marcum

Los Angeles Times

Back on topic . . .

The CalPERS Board consists of 13 members who are elected, appointed, or hold office ex officio.

calpers.ca.gov

You see theres that ignorance thing again ! Our local rep on the board was also our treasurer ! These officers of the union aren't paid, they," NOW PAY ATTENTION " they "VOLUNTEER" !! But you probably don't understand that word ! Well look it up doofus ! The Know Nothing Expert strikes again !

“Most aren't paid to do it, it’s part of their duties”

LOL . . . Union Representatives on Private & Public Employee Pension Boards work for FREE according to Munster . . . LOL

Question: Are you saying these highly compensated Union Representatives on Private or Public Employee Pension Boards are worthless because as you allege “they have no vote or are out numbered 5 or more to 1”?

Again wrongriki 's ignorance shows ! Most private pension boards may have a representative from the union but usually they have no vote or are out numbered 5 or more to 1 ! You do understand "NO VOTE " and "OUTNUMBERED " !

Most aren't paid to do it , its part of their duties ! You really are ignorant of all union activities !!

So these union representatives on these pension boards are paid to do NOTHING?

Excessive optimism and unsustainable compensation promises ? Funny , they were "sustainable " till the people in charge quit making payments ! Theres the crux of the matter !

Again wrongriki 's ignorance shows ! Most private pension boards may have a representative from the union but usually they have no vote or are out numbered 5 or more to 1 ! You do understand "NO VOTE " and "OUTNUMBERED " !

Again . . . Munster's ignorance shows . . .

Munster and others of his ilk do not want to blame any of the union representatives on these pension boards.

* * *

(Ohioans for Workplace Freedom)

Excessive optimism and unsustainable compensation promises ? Funny , they were "sustainable " till the people in charge quit making payments ! Theres the crux of the matter LTS !

Again wrongriki 's ignorance shows ! Most private pension boards may have a representative from the union but usually they have no vote or are out numbered 5 or more to 1 !

. . . “and lose they did” . . .

. . .

Whose fault was it? Munster and others of his ilk does not want to blame any of the union representatives on these pension boards.

About CalPERS > Board of Administration

The CalPERS Board consists of 13 members who are elected, appointed, or hold office ex officio.

calpers.ca.gov

scrapile, the safest way to issue municipal bonds is through direct private investment with the bonds being backed by the governments ability to generate revenue to cover the maturity of the bond. it could be argued that the greed exhibited by CALPers caused the pension bonds to be caught with their pants down so to speak. munster was correct in that if you gamble, you have to be ready to lose....and lose they did.

*somehow DO NOT fully grasp when to contract.

will be at-risk throughout the process. Public safety represents 80%, or almost $160 million, of the city’s nearly $200 million annual budget.

munster...take a few moments to compare your reason verses the three primary reasons. there is a vast difference between the two. in addition look into CALpers and it's board members who oversee and managed the pension bonds. the city like many government entities do very well at expansion but somehow fully grasp when to contract. that is why labor and long-term contracts are devastating when the governments get in financial trouble. i will not bother to post this in duplicate since you seemed to be courteous enough not do it either.