Author Topic: California's Brown Raises Prospect of Pension Cuts in Downturn  (Read 725 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • *****
  • Posts: 91,664
  • �It�s easier to fool people than to convince them

California's Brown Raises Prospect of Pension Cuts in Downturn
By Romy Varghese
January 10, 2018, 4:28 PM EST

    Supreme Court is set to consider if benefit cuts permissible
    Ruling could provide relief to cash-strapped localities
 

California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments.

Brown said he has a "hunch" the courts would "modify" the so-called California rule, which holds that benefits promised to public employees can’t be rolled back. The state’s Supreme Court is set to hear a case in which lower courts ruled that reductions to pensions are permissible if the payments remain “reasonable” for workers.

https://www.bloomberg.com/news/articles/2018-01-10/california-s-brown-raises-prospect-of-pension-cuts-in-downturn
"You cannot strengthen the weak by weakening the strong. You cannot help the wage earner by pulling down the wage payer. You cannot help the poor by destroying the rich. You cannot help men permanently by doing for them what they could and should do for themselves." — Abraham Lincoln

Offline GtHawk

  • Hero Member
  • ****
  • Posts: 4,050
  • Wake me up when the world is sane again!
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #1 on: January 12, 2018, 06:38:34 PM »
Wait..........How is this possible, starting with Aaaahhhnnold, and peaking with the current governor, the democrats( yes I include the Schwarz) have done all they could to push industry and business out of California while concurrently raising taxes and inviting in hundreds of thousands of financial leeches. How could that possibly result in a financial downturn, it's simply an acceleration of the classic liberal democrat road map for America.
I don't believe in If anymore, If is for children.

Online dfwgator

  • Hero Member
  • ****
  • Posts: 9,974
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #2 on: January 12, 2018, 06:41:13 PM »
California's turning into a real sh**hole.

Offline GtHawk

  • Hero Member
  • ****
  • Posts: 4,050
  • Wake me up when the world is sane again!
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #3 on: January 12, 2018, 07:13:28 PM »
California's turning into a real sh**hole.
It's true that parts of it are, starting with Sacramento, but at least as insane as moonbeam is he hasn't yet put a deadline on the lives of the children. For that Washington is winner winner chicken dinner.
I don't believe in If anymore, If is for children.

Offline Frank Cannon

  • Hero Member
  • ****
  • Posts: 22,789
  • STOP CENSORING THE GHOST!
    • Bum Wine
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #4 on: January 12, 2018, 07:15:48 PM »
Moonbeam argues that their state is flush in cash and so awesome. Why would he need to cut pensions if that is the case? Oh yeah. He is a lying sack of shit.
Two Liters Is A Soft Drink, Not An Engine Size.

Offline XenaLee

  • “We’ll save a lot. We don’t care.”
  • Hero Member
  • ****
  • Posts: 8,882
  • "There is no Chaos, only great Energy!"
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #5 on: January 12, 2018, 07:26:27 PM »
Yeah....not to put a racist slant on things... but.... let's do the leftie logic math:

Pensions - usually promised to long-time, previously full-time employed mostly WHITE (gasp!) guys that don't all or always vote Democrat.

Welfare - usually goes to non-employed non-white or hispanic guys that mostly vote Democrat.

Which group can we least afford to piss off?   The one that votes DemocRat consistently, of course.

Whitey loses, once again and as usual.
Time for unity in America! (better late than never)


Offline XenaLee

  • “We’ll save a lot. We don’t care.”
  • Hero Member
  • ****
  • Posts: 8,882
  • "There is no Chaos, only great Energy!"
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #6 on: January 12, 2018, 07:33:11 PM »
Wait..........How is this possible, starting with Aaaahhhnnold, and peaking with the current governor, the democrats( yes I include the Schwarz) have done all they could to push industry and business out of California while concurrently raising taxes and inviting in hundreds of thousands of financial leeches. How could that possibly result in a financial downturn, it's simply an acceleration of the classic liberal democrat road map for America.

And we won't even mention how the rats have created the perfect environment for wildfires and mudslides (See:  Current Montecito, CA news) via their asinine leftist enviro whacko policies.  The left is, in fact, endangering lives and costing the lives of many Californians as we speak.


Time for unity in America! (better late than never)


Online truth_seeker

  • Hero Member
  • ****
  • Posts: 22,847
  • Common Sense Results Oriented Conservative Veteran
    • The place where argument addicts can go
Re: California's Brown Raises Prospect of Pension Cuts in Downturn
« Reply #7 on: January 12, 2018, 07:36:32 PM »
FedGov under Trump unlikely to continue funding train boondoggle,  as well.

Trump said if you want your shitty train, pay yourselves.
"God must love the common man, he made so many of them.�  Abe Lincoln


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf