California Governor Brown’s pension reform: An assault on state workers
CA IS A STATE IN MELTDOWN AS IT CONTINUES TO SUPPORT THE MEXICAN WELFARE STATE.
IT IS A STATE WHERE JOBS ONLY GO TO ILLEGALS OR THIRD-WORLDERS IMPORTED IN WITH THEIR EXTENDED FAMILY TO WORK TECH JOBS CHEAP!
LA RAZA JERRY BROWN JUST SIGEND A LAW PUSHED BY THE LA RAZA SUPREMACY PARTY (ELECTED BY ILLEGALS) IN THE STATE LEGISLATURE MAKING IT ILLEGAL FOR EMPLOYERS TO USE E-VERIFY!
BARACK OBAMA IS SABOTAGING E-VERIFY ALL OVER THE COUNTRY ON BEHALF OF HIS LA RAZA PARTY BASE OF ILLEGALS. HIS DEPT. OF JUSTICE IS WORKING HARD TO ASSAULT AMERICAN STATES WITH LAWSUITS AND FIGHT REQUIREMENTS THAT VOTERS SHOULD HAVE I.D.S, SOMETHING ILLEGALS COULD FIND INCONVENIENT DESPITE THE IDENTITY THEFT CRISIS THAT FOLLOWS THE MEXICAN INVASION AND OCCUPATION.
ACCORDING TO CA ATTORNEY GENERAL KAMALA HARRIS, NEARLY HAVE OF ALL MURDERS IN MEXIFORNIA ARE BY MEXICAN GANGS!
THE STATE OF CALIFORNIA PUTS OUT $20 BILLION PER YEAR IN SOCIAL SERVICES TO ILLEGALS! NOT A SINGLE LEGAL VOTED TO EXPAND THE LA RAZA "THE RACE" MEXICAN WEFLARE STATE!!!
ON TOP OF THIS AMOUNT, THE COUNTY of LOS ANGELES ALSO PUTS OUT $600 MILLION PER YEAR IN WELFARE TO ILLEGALS, PRIMARILY ANCHOR BABY BREEDERS!
MEXICO'S BIGGEST EXPORTS ARE DRUGS, CRIMINALS, VIOLENCE, POVERTY RACISM AND PREGNANT WOMEN!
As banks and financial institutions continue to be bailed out by the Obama administration and the Federal Reserve Bank—and generous tax breaks are handed out to corporate monopolies in every state—pensions for public workers are seen as expendable. While corporate executives continue to amass millions of dollars in bonuses and payoffs, the handful of workers that take advantage of the pension law to maximize their pensions are denounced on a daily basis by the media.
Rather than raise taxes on wealth and profits, California’s Brown, New York’s Cuomo, and others have set out to dismantle and privatize public employee pensions.
In 2010, California unfunded liabilities—the gap between financial assets and future obligations—for California pensions was estimated at anywhere between $59.5 billion and $425 billion, including the largest two, CalPERS and CalSTRS, which insure state workers and teachers. The gap widened in 2011: the unfunded liability for CalSTRS alone is now $56 billion. The value of CalSTRS assets fell $40 billion from $170 billion in 2007 to $130 billion in 2008. The corresponding figure for CalPERS was $81.4 billion, from $260.6 billion to $179.2 billion.
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