California's 1AM news report

Discussion in 'Politics' started by Wolfstrike, Jul 2, 2012.

  1. Wolfstrike
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    Wolfstrike Gold Member

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    * California is 500 Billion in the hole.

    * California has sworn another 5 Billion in pension promises

    * A Sheriff recently retired with $143,000 per year and will receive a one-time vacation pay of $183,000

    * The taxes collected for pensions have increased 300 percent since 1997

    * The average California pensioner works 19 years and collects a pension for 30 years
    (and offen gets another job)

    * The debt breaks down to $30,000 per household

    * The government agency that secures pensions is 47% in the hole.

    * The teachers pension plan is 67 Billion underfunded




    The city of Stockon is the largest city to file for bankruptcy in history.
    it owes over 800 million
    house prices lost 70% of value sine 2006


    Jerry Brown is facing the same problems he did 30 years ago.
    if he can't talk the public into voting themselves a tax hike in November, the city will be forced to cut back on the perks.


    the news media said "the Democrats have no one to blame but themselves"
    WOW! a Los Angeles news reporter said that! ...at 1AM


    ...
     
  2. Avorysuds
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    Avorysuds Gold Member

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    Where is the 500billion dollar number in all that? Is there a break down?
     
  3. hjmick
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    hjmick Gold Member

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    Are you sure that it wasn't a re-broadcast of the 11:00pm news? I only mention this because in all the years I lived there I don't recall a live 1:00am news broadcast...
     

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