We don't want the Democrat Trash in AZ. Either ..We know that were all seeing a lot,of these,Nasty,piece,of no,English Oriental s Coming into,America. There Rude and Nasty,Mouth to Americans there,College Students These Oriental s and,they,direspect Americans just,like,these Illegals,of,Somalians Muslims
California is not alone as many states controlled by Democrats for decades are on the same path. The one closest to me is Illinois and they are even further along the path than California. They are at a junk bond rating on the bonds they float to keep the state afloat. The push over the edge is coming as the DOJ halts federal funds in December to sanctuary cities and states who do not comply with immigration laws. There is about to be a massive problem in these places as the people have had about all they can stand and no one in these governments is listening.
Why yes, look a The state of New York the Baby Butcher State Just like ancient Biblical days turning Babies over to BAAL for killing. Why even their finest Bar Tender is running for President. Just think, A Bar Tender for President. Or how about a Muslim who Married her own Brother. Kind of like Jeff Foxworthy the family tree is a Tree Stump. She is just about as intellegent as a tree stump as well!
TIOMKIN1 So you are saying that these people paid into a pension fund and you want to take it away? Then you people will complain about social security some more and demand it be taken away even though these people paid into it their entire lives. What they are not saying here is a pension fund is completely separate from government money. The contributions have already been deducted, and put into a fund. That money is invested. Then what usually happens is federal, state, and local governments put their greedy hands into the pot and borrow money. The same as social security. The government has borrowed (stolen) most of the program now they want to end them.
none of your business: What these people are talking about is the ridiculously high(~7.5%) assumed rate of investment return their retirement funds would generate and the unreasonably low contributions that were expected from the employer and worker, for the level of benefits the retirees expected to get. This huge underfunding was chronic and prolonged over many years, with officials wilfully ignoring the warning signs of the future problems this practice would create. When the officials did on occasion in the past try to make minor changes that would have improved the financial health of the funds, they were met with stiff and fierce resistance from the employees and their unions. When you consider things like this, along with things like the "pension spiking" problem then yes, the retirees bear a large share of the responsibility for the mess that the pension funds are in now. If the public pension funds have to reduce a retiree's monthly check from $8K to $4K in order to maintain solvency for the entire fund, then that is fairer than raiding some Social Security recipient who's getting $2K per month and expecting that person to get by on $1K per month, especially in California. Today's public employee pension recipients enjoyed not having to contribute their fair share to their own retirement funds for many years. It's not unresonable to ask them now to accept lower benefits that are more in line with the level of contributions that they made, and insisted on making, over many years.
noooooooo !!!! stay and fight..your a weak knee person to say that..get OUT ? why.?.i say stay and fight..its worth fighting for is it not ???........you should be saying the opposite stay and be strong !!..i would never want to be around you in a fight..your a quitter.....they want folks to leave, thats the plan,,,stay and fight PEOPLE ...amen
RUclips User, if you'll promise to put an exit door close to my back door. I was always proud of being born in California until the Democrats destroyed our beautiful state. 🤬😢
Chris Beyl ... My cousin a driver was employed by county govmint. 8 hrs top pay for 4 hrs work. And if some else called, Plus overtime. And some days not even 4 hrs work of the 8 hrs shift. And that's just one example Government waste at 1 government department. At the local level. Then State, federal, city, county. .. Yahoo.
Oh well...you should have been a government employee then but you chose not to. Anyone ever complain when they worked weekends, holidays away from their families and nights ? Hmmmm, doubt it. All I ever heard about in the 80's and 90's is how "great" the private sector was. Times have changed, haven't they ? Grow some and educate yourself.
good let the pension thang blow up......I've applied for dozens of govt jobs (with high pension paid for by taxpayers ) and never got one...all My jobs have been private , and I worked my own company for 15 years . so let them blow up
You are 100% correct!! Just wait until California has no choice but start really cutting back/cutting out pension benefits. I mean you saw what happened in Greece? That was just things like...retirement age extended a year or two lol.
The Democratic party will sort it all out Nancy and Maxine are really switched on and they'll probably get Schumer and Schiff on board as well,if only they could get Trump out of the way first..
a1seus you have to be the dumbest liberal ever. This is hilarious. 50th in quality of life too. Ha. Glad I live in the great state of Texas where many of your businesses are fleeing to and far away from you. Tahahahahaha
Cut each pension proportionally to match the combination of reserves on hand and a conservative estimate of continuing revenues from both contributions and return earned on the invested assets. Problem solved! Any first-year accounting student with access to an Excel spreadsheet could quickly figure it out.
Funding retirement income should be comprised of three parts: pension; social security, and; personal savings. Many people don't bother with the personal savings, believing their pensions and SS will be enough. Then, when something adverse happens and one of those two is cut, they scream bloody murder. Such people have no one to blame but themselves if they do not have enough money to retire. They are living the consequences of their own stupid decisions. This is how it should be. BTW, this does not apply to me. So I don't need to put my legs anywhere. I do not have a pension. And I won't need to apply for SS until I'm 70. I took charge of my Retirement Planning in 1981. I'm 59 and will have been retired for four years at the end of May.
I'm a Texan by the grace of God and my blood runs Red tried San Diego back in 79 and 80 came back to my little hometown I'm going nowhere till my maker calls be home. God bless Texas.
Private sector pensions get cut or lost all the time when a company goes broke, public sector needs to have their pensions reduced massively. So much disparity between the private and public sectors - sickening.
Devora Howze gonna spread all over, only the start , I feel a bit scared . Not too much cause the bi le speaks of the great tribulation just before arrmageddon
This what happens when lose touch with reality, if price your state where common people can't no longer afford it, going leave, and not going have nothing keep the state running.
This is what happens when you trust any government institution with your money. Yet, even after seeing their incompetence, you want to give your gun rights to them? Really??
Is California going to raise taxes so that I can get higher welfare benefits? The price of everything is going up, including what I have to pay for weed :(
Why do city, county, and state workers make more than their counterparts in the private sector? This should never be and the taxpayers should be in control of the wages and pensions for all non private employment not the government.
While California is likely the most extreme example of pension fund shortfalls, it is only the proverbial tip of the iceberg....reportedly, unfunded pension fund shortfalls are @ $ 60T nationwide....money which can never be paid. It is also highly unlikely that taxpayers will endure increased taxes and reduced public services to even attempt to deal with this situation. Thus far, judges have refused to allow municipalities to declare bankruptcy to cope with bloated pension fund obligations. Orinda, California petitioned for bankruptcy protection regarding pension fund obligations @ 12 yrs. ago, and was refused by the judge in the case.
50 year CA resident here. We'll be the first state to go bankrupt. And you know what's so sick about the deal, is that the rest if the country will bail us out.
I am a state employee (other state) and our pension is NOT tied to the state and is guarded by a state constitution. 2008 and 2009 we still made 8% profit. whatever Cali...
I worked for the state for 27 yrs. My union contract was renewable every two years. The state legislators signed our new contract every two years. No one held a gun against their heads. We had a NO STRIKE clause in our contract. Don't blame US for your state politicians like Jackie Speier who endorsed our wage & benefit packages. Come to think of it THAT'S where the cuts should start. Their wages & benefits make us look like paupers!
Here in Australia a Somalian woman was collecting seven social securities and sending 1000 dollars a week to organisations ,pirates learn fast and they speak English only to collect
Keep electing Dems, and you will get more of the same California!,!!!!!!!!!!
So far gone I'm not sure it CAN be saved!!!
Nope its Republican, you dumbass.
We don't want the Democrat Trash in AZ. Either ..We know that were all seeing a lot,of these,Nasty,piece,of no,English Oriental s Coming into,America. There Rude and Nasty,Mouth to Americans there,College Students These Oriental s and,they,direspect Americans just,like,these Illegals,of,Somalians Muslims
@@nighthammerhero7058 you really aren't that STUPID are you?
Your exactly right
And they will expect the rest of the country to bail them out. I vote NO on that.
mothman1967 I think in California its the law to fill pension payments first
I know the other states should not have to bail out California for a mess that they created
No bail out, you fools get what you voted for, a Destructive team of Democrats...................Enjoy Y'all Hear!
Eliminate welfare 100%!
Too many people on welfare don’t benefit society.
Vote for the Dems and they will increase your pension.Hey great.Whos paying for it.
The problem is that those pols don't care. They'll all be retired if not deceased before the crisis hits, and thus cannot be held responsible.
Good thinking.
The retired sanitation worker is more valuable than these NFL players kneeling on one knee!
🇺🇸 Trump 🇺🇸.
Vote Republican California .
I AGREE
MAGA
AMEN!!!
$300K/yr as a retired California State employee!
Average working salary in US is only $60K/yr.
California is not alone as many states controlled by Democrats for decades are on the same path. The one closest to me is Illinois and they are even further along the path than California. They are at a junk bond rating on the bonds they float to keep the state afloat. The push over the edge is coming as the DOJ halts federal funds in December to sanctuary cities and states who do not comply with immigration laws.
There is about to be a massive problem in these places as the people have had about all they can stand and no one in these governments is listening.
@The end is near
Watch the FED and see what Trump is doing.
Why yes, look a The state of New York the Baby Butcher State Just like ancient Biblical days turning Babies over to BAAL for killing. Why even their finest Bar Tender is running for President. Just think, A Bar Tender for President. Or how about a Muslim who Married her own Brother. Kind of like Jeff Foxworthy the family tree is a Tree Stump. She is just about as intellegent as a tree stump as well!
Bill the Pelosi,Browns,Newsomes,and Finesteins!
A librarian gets $234.000 in pension benefits. That's insanity. Out.
Yep, my ex is a college librarian in San Diego and it doesn't surprise me in the least.
+TOIMKIN1- WHAT?!
TIOMKIN1 So you are saying that these people paid into a pension fund and you want to take it away? Then you people will complain about social security some more and demand it be taken away even though these people paid into it their entire lives.
What they are not saying here is a pension fund is completely separate from government money. The contributions have already been deducted, and put into a fund. That money is invested. Then what usually happens is federal, state, and local governments put their greedy hands into the pot and borrow money. The same as social security. The government has borrowed (stolen) most of the program now they want to end them.
She must have been one HELL of a librarian.
none of your business: What these people are talking about is the ridiculously high(~7.5%) assumed rate of investment return their retirement funds would generate and the unreasonably low contributions that were expected from the employer and worker, for the level of benefits the retirees expected to get. This huge underfunding was chronic and prolonged over many years, with officials wilfully ignoring the warning signs of the future problems this practice would create. When the officials did on occasion in the past try to make minor changes that would have improved the financial health of the funds, they were met with stiff and fierce resistance from the employees and their unions. When you consider things like this, along with things like the "pension spiking" problem then yes, the retirees bear a large share of the responsibility for the mess that the pension funds are in now.
If the public pension funds have to reduce a retiree's monthly check from $8K to $4K in order to maintain solvency for the entire fund, then that is fairer than raiding some Social Security recipient who's getting $2K per month and expecting that person to get by on $1K per month, especially in California. Today's public employee pension recipients enjoyed not having to contribute their fair share to their own retirement funds for many years. It's not unresonable to ask them now to accept lower benefits that are more in line with the level of contributions that they made, and insisted on making, over many years.
don't feel sorry for california
This BS is not fair to the common tax payer
Hey, do like we did leave California the Sewer State!
Sounds like the bill for all the “free” stuff has come due and Democrats are scrambling to find a way to pay it.
I do believe socialist Greece has the exact same problem and they just can't figure out why.
they can't...its a communist nation !!!!!!...end of story..California is run just like a communist state..period
Are unions which are controlled by communist socialist take from the people with no accountability creating lawlessness and chaos
Greece went bankrupt which started the caravans into Europe. Italy followed by advertising the aging population.
@@pgroove163
Greece is communist?
Get out while you can!
noooooooo !!!! stay and fight..your a weak knee person to say that..get OUT ? why.?.i say stay and fight..its worth fighting for is it not ???........you should be saying the opposite stay and be strong !!..i would never want to be around you in a fight..your a quitter.....they want folks to leave, thats the plan,,,stay and fight PEOPLE ...amen
@@pgroove163 I'm here to help you. Yes 2 of us.
Welcome to the Pension Ponzi Games!
mookixox That is what I think they are . Social Security is a Ponzi scheme too.
If they had invested the money like other countries did Social Security would be fine
Venezuela has nothing on California this is going to be awesome 👏 get your popcorn ready guys?
Can California politician be held accountable for putting the state into bankruptcy due to their financial misconduct and self-serving policies?
RUclips User, if you'll promise to put an exit door close to my back door. I was always proud of being born in California until the Democrats destroyed our beautiful state. 🤬😢
Dems should be forced to remain on CA
@@judithdoolittle6951 I was born there too....got the He(( out
Republicans to replace
INEPT DEMOCRATS
RECALL GARCETTI and
NEWSON
I never voted for these obscene pensions -
let them live on social security
I don't think they get Social Security. You have to have worked 30 years for that, and not as a government employee.
You are clueless
I had one tell me he gets 2,000 a month in SS on top of his pension. Unskilled, no college degree.
LET THE HOLIWOOD ELITE SAVE THEIR STATE HAHAHAHA
hollywood wants it to suffer..think !!!!
Good luck with that.
The wealthy Hollywood bunch thinks they can tell the rest of the country how to vote, so let them pay for their liberal actions.
This could be a great movie! How captain marvel saves the ca taxpayers?
No
Feel sorry for none of them. 279000 for sanitation supervisor. What does he/she think they are soprano.
Chris Beyl probably one of Reagan's cronies
Chris Beyl ... My cousin a driver was employed by county govmint. 8 hrs top pay for 4 hrs work. And if some else called, Plus overtime. And some days not even 4 hrs work of the 8 hrs shift. And that's just one example Government waste at 1 government department. At the local level. Then State, federal, city, county. .. Yahoo.
Oh well...you should have been a government employee then but you chose not to. Anyone ever complain when they worked weekends, holidays away from their families and nights ? Hmmmm, doubt it. All I ever heard about in the 80's and 90's is how "great" the private sector was. Times have changed, haven't they ? Grow some and educate yourself.
Why the hell is a trashman getting 280k year when a retired USMC MSgt gets less than 25k???????
Union contracts...
because they were smart enough to read the fine print
@@aulderyan smart ?
Life is about choices Jerry.
Democrat state!!
And the fools think they are going to get FREE HEALTHCARE! 🤣🤣
good let the pension thang blow up......I've applied for dozens of govt jobs (with high pension paid for by taxpayers ) and never got one...all My jobs have been private , and I worked my own company for 15 years . so let them blow up
me too. same story
Sounds like you don't interview well or have a questionable past. Sour grapes now ?
its only a bit more time for it ends and its gonna be ugly...
Hell, it's already ugly.
You are 100% correct!! Just wait until California has no choice but start really cutting back/cutting out pension benefits. I mean you saw what happened in Greece? That was just things like...retirement age extended a year or two lol.
I say...get your AR-15s while you can so you can protect your family when the craziness unleashes lol.
The Democratic party will sort it all out Nancy and Maxine are really switched on and they'll probably get Schumer and Schiff on board as well,if only they could get Trump out of the way first..
Thomas Baumann Hope it airs on CNN,ABC,CBS and my favorite MSNBC!
frig em let em fail
why, do they get these kind's of pensions ?
cuzz stupid, lazy people didn't care and let them. Which were you, renee?
Send in the feds and military
No! They think they have answers for everyone let them save themselves. Better yet let Pelosi and her buddy's fund California
thank you liberals
Hey a1seus you better get back on your medications you dumb ass snowflake!
a1seus you have to be the dumbest liberal ever. This is hilarious. 50th in quality of life too. Ha. Glad I live in the great state of Texas where many of your businesses are fleeing to and far away from you. Tahahahahaha
Naw, it was a partnership: the liberals promised the pensions, and then the conservatives cut taxes to make sure the pensions wouldn't be funded.
How? How could millions of toe jam hippies be wrong?
Because they get high on shit to escape reality, and they're too selfish to care about others.
let calimexico go under
Coastal California
no god no satan its just us get your shit togther
SATIN HAS NO DICE IN THIS.CALI BROUGHT ALL THIS ON THEMSELVES.
MEXIFORNIA?
My wife and I, escaped from California in 4/2017. Moved to Idaho :)
well move back be for you f--- up idaho
this was 3 1/2 years ago and they're still trucking along.
Trucking along, or circling the drain?
circling the drain is still floating. lol
circling the drain is still floating.lol
dufus Well...they all float down here.
Not for long thank God
No bail outs from other states-clean up your mess California!
Happening all over. And the pay raise still goes up for the next in line. There will be no money to pay pensions if there is no money... Going In.
WTF!? Yes, I can imagine the funds are going broke when they’re paying out hundreds of thousands per year to pensioners. Holy crap!
Sounds Like New York City in the 1970s.
Six years ago, you got a government that loves to make laws to spend your money.
Cut each pension proportionally to match the combination of reserves on hand and a conservative estimate of continuing revenues from both contributions and return earned on the invested assets. Problem solved! Any first-year accounting student with access to an Excel spreadsheet could quickly figure it out.
ain't nothing on hand, Dom, only a ton of IOU's. Put your head between your legs and kiss your ass goodbye!
Funding retirement income should be comprised of three parts: pension; social security, and; personal savings. Many people don't bother with the personal savings, believing their pensions and SS will be enough. Then, when something adverse happens and one of those two is cut, they scream bloody murder. Such people have no one to blame but themselves if they do not have enough money to retire. They are living the consequences of their own stupid decisions. This is how it should be.
BTW, this does not apply to me. So I don't need to put my legs anywhere. I do not have a pension. And I won't need to apply for SS until I'm 70. I took charge of my Retirement Planning in 1981. I'm 59 and will have been retired for four years at the end of May.
NO BAIL-OUTS TO ANY OF THEM!!!
HOW YOU LIKE YOUR SANCTUARY CITY NOW.HOPE EVERY MEXICAN COMES TO CALIFORNIA.
VOTE JOHN COX CALIFORNIA🇺🇸 REPUBLICANS!!!!!
It's too late to fix this dumpster fire
Rest of America not going to bale these fool out pension to high lower everybody pension.
I'm a Texan by the grace of God and my blood runs Red tried San Diego back in 79 and 80 came back to my little hometown I'm going nowhere till my maker calls be home. God bless Texas.
Just keep voting democrat
They are heading for a total econmic depression
Get rid of all your illegsls
Well duh! Obviously it's everybody for themselves!
Geez, worked as a pharmacist in Bham, Ala for 40 years and I get 21k a year. But wouldn't work in Califor. if I were getting 21 million a year.
Private sector pensions get cut or lost all the time when a company goes broke, public sector needs to have their pensions reduced massively. So much disparity between the private and public sectors - sickening.
Put California under Martial Law to straighten it out.
I pray for California that God will be done. wake up every body. Repent for the kingdom of God is at hand.
They been saying that for 2000 years now. Starting to get old.
Amen Devora. It is all in God's plan.
Devora Howze gonna spread all over, only the start , I feel a bit scared . Not too much cause the bi le speaks of the great tribulation just before arrmageddon
After the end, no more earthly government, yeah , no more trump and the likes of them all
amen
Illinois is a Blue state (Mine unfortunately), California is a Blue state. Both states are in financial crisis. What do they have in common?
What a crock... They used only the over paid city manager and supervisors retirements... not the peons
I should've been a lifeguard
I should have been a librarian.
This what happens when lose touch with reality, if price your state where common people can't no longer afford it, going leave, and not going have nothing keep the state running.
This is what happens when you trust any government institution with your money. Yet, even after seeing their incompetence, you want to give your gun rights to them? Really??
Absolutely no Federal Bailout
Is California going to raise taxes so that I can get higher welfare benefits? The price of everything is going up, including what I have to pay for weed :(
???????.............your part of the problem
I'm retired, living on 8400.00 a year I get from Social Security. I never had any democratic friends.
They should not get this hand out called a Pension!!! Pull it, Enough is Enough!!!
People that survive in California, more power to ya !
God keeps trying to flush that toilet know as California.
SAN ANDREAS??
What do you expect from that crazy State!
Lmao they asked for it
Why do city, county, and state workers make more than their counterparts in the private sector?
This should never be and the taxpayers should be in control of the wages and pensions for all non private employment not the government.
fat cats are doing alright........
The County of Santa Barbara ... huge unfunded pension debt.
GOD is punishing the deviants in la-la land......
GOD is doing real good.......go GOD .....
Thanks, Moonbeam!
Blame it on Trump, they do everything else
Escape from California the sequel of Escape from New York 👈😯🤢
wtf is up with that woman's face?
No bailouts for Cali. Unto they elect new leaders !
That's outrageous no wonder they are broke!
Watch Moody will not downgrade most of those cities
The utter destain for workers who have earned their pension is stunning.
While California is likely the most extreme example of pension fund shortfalls, it is only the proverbial tip of the iceberg....reportedly, unfunded pension fund shortfalls are @ $ 60T nationwide....money which can never be paid. It is also highly unlikely that taxpayers will endure increased taxes and reduced public services to even attempt to deal with this situation.
Thus far, judges have refused to allow municipalities to declare bankruptcy to cope with bloated pension fund obligations. Orinda, California petitioned for bankruptcy protection regarding pension fund obligations @ 12 yrs. ago, and was refused by the judge in the case.
Passed On The Brink. Clearly broken.
SF, San Jose, Inglewood, Azusa - well it is 2018 and it just keeps going down the toilet but no severe bankruptcies, yet.
50 year CA resident here. We'll be the first state to go bankrupt. And you know what's so sick about the deal, is that the rest if the country will bail us out.
Politician getting a kick back.... no
They 're always on the verge of something......
I am a state employee (other state) and our pension is NOT tied to the state and is guarded by a state constitution. 2008 and 2009 we still made 8% profit. whatever Cali...
I worked for the state for 27 yrs. My union contract was renewable every two years. The state legislators signed our new contract every two years. No one held a gun against their heads. We had a NO STRIKE clause in our contract. Don't blame US for your state politicians like Jackie Speier who endorsed our wage & benefit packages. Come to think of it THAT'S where the cuts should start. Their wages & benefits make us look like paupers!
we need an update for 2019
Just give the pot tax laws a little more time! It will be fine!
Keep doing the same thing California, and expect different results. duh,
This was written six years ago, after 5 years it is time to add an amendment and confess you WERE WRONG!
Tax, taxes, taxes, taxes, taxes, taxes, taxes, taxes, taxes, taxes, taxes, vote for Democrats.
Just want to make sure you pay your fair share. Except the librarian.
That which cannot be sustained, shall not be sustained.
The rich gov officials with no bond or oath deserve NOTHING! Nothing!
Don't you just love the way a blue State screws itself into the ground?
Why would any first responder continue to work in a state knowing they won’t get their pension?
They dont care and neither do i...
Can you imagine what would happen if we all stopped paying taxes. The government doesn't spend the taxpayers money correctly at all.
Here in Australia a Somalian woman was collecting seven social securities and sending 1000 dollars a week to organisations ,pirates learn fast and they speak English only to collect
When you rob Peter to pay Paul, eventually Peter has no money.
💰 = 👋😢 I'm Peter.
5 years later and look how great California is doing .
Yes! Finally! California was riding on the rest of the country and now they have to carry their own!
ACA paid into their budgets... Where are they now? Now that ACA is shut off? Now that ACA can no longer be stolen from as a Swap item?