California’s disastrous condition proves Democrats can’t be trusted with our future ever again

By Kevin “Coach” Collins

 The fortunes of California are sinking fast.  

We need not imagine what our lives would be like if the Democrats take top to bottom control of our lives ever again. The unmitigated disaster that is California shows us what America’s future would be if Democrats and their union masters ever regain control of our government.

When disgraced and recalled California Democrat Governor Gray Davis quietly signed SB 400 a bill funding the California Public Employees’ Retirement System in 1999, he set in motion a nightmare for taxpayers and sugarplums dancing in the empty heads of the state’s unionized workers.

 Bill SB 400 gave California’s public employees billions of dollars in RETROACTIVE pension increases resulting in LIFETIME pensions of up to 90% of yearly salary starting for workers as young as 50 years old! More than this,  the California Democrats and their union masters insisted (presumably with a straight face) “no increase over current employer contributions is needed for these benefit improvements” and that
Calpers
[California Public Employees Retirement System] would “remain fully funded.”  

Imbedded in this SB 400 is the fact that any shortfall of CALPERS funding would be made up by the taxpayers of the State of California, but of course that would NEVER be necessary because the fund would grow along with the Dow Jones! Right?  

You don’t know whether to laugh or cry

The generosity in SB 400 relies on a certain set of fiscal assumptions that extend ten years into the future. Incredibly the assumptions in this bill rested on growth in the basic Dow Jones average so strong and so uninterrupted that by 2009 it would be at 25, 000  and believe it or not at 28,000,000 by 2099. Remember these numbers come from the same people that cry at the thought of privatization of Social Security because people will “put their money in the stock market and loose it all.” 

Enter Jerry Brown

Apparently no one has told California’s current Governor Jerry Brown about California’s obligations under SB 400. He has just bet $4 billion he does not have that the stock market will climb and he can steal the money of the state’s few producers with capital gains taxes. 

A Los Angeles based financial consultant summed up Brown’s gamble this way “[His] revenue projections were silly before. It was always unrealistic, and now it’s just that much less realistic.” In other words there is nothing but disaster ahead for the Democrat/union controlled state of California. Since California is essential to Obama’s re-election it is a certainty that a foundering California will be passing the hat in Washington. As a hopelessly Blue bastion it is hard to see any bailout for the Golden State.

 To contact your Congressional Representative use this link: http://www.contactingthecongress.org/

To read more use these links:

  http://www.zerohedge.com/article/calpers-dreaming-dow-28000000

 http://www.dailydemocrat.com/news/ci_18637599

This day in history August 10

1776: Word of the Declaration of Independence reaches King George III in London.

In this world you may have knowledge or you may have repose, but you may not have both.  What have you done today to deserve to live in America?

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5 thoughts on “California’s disastrous condition proves Democrats can’t be trusted with our future ever again”

  1. Here's hoping and praying the left is not able to convince limp-wrists in Republican ranks that Kalifornia is "too big to fail!" Democrats are of course famous for feathering the nests of preferred voting blocs. Unfortunately, Republicans are stupid/gullible/gutless enough to be willing to feather those EXACT SAME NESTS!!!!! After all, party elders just couldn't bear facing the scorn of the New York Times.

  2. What has America become?

    Has America become the land of special interest and home of the
    double standard? Let's see: If we lie to the Congress, it's a felony
    and if Congress lies to us it's just politics. If we dislike a black person,
    we're a racist and if a black dislikes whites, it's their 1st Amendment
    right. The government spends millions to rehabilitate criminals and
    they do almost nothing for the victims. In public schools you can teach
    that homosexuality and lesbianism is ok, but you better not use the
    word God in the process. You can murder a child in the mothers womb,
    but it's wrong to execute a mass murderer. We don't burn books in
    America, we now rewrite them. We got rid of the communist & socialist
    threat by renaming them progressives. If you protest against Obama's
    policies you're a terrorist, but if you burn an American flag or George
    Bush in effigy, it's your 1st Amendment right.

    You can have pornography on TV or the internet, but you better not
    put a nativity scene in a public park during Christmas. In America,
    criminals are now called sick people. The government takes money
    from those who work hard & gives it to those who are lazy. Parenting
    has been replaced with Ritalin & video games. The land of opportunity
    is now the land of hand outs.

    And how do we handle a major crisis today? The Government
    appoints a committee to determine who's at fault, then threatens
    them, passes a law, raises our taxes, then tells us the problem is
    solved so they can get back to their reelection campaign.

  3. We need a real political John Wayne in America, at this point in history. . . Will he surface? I pray that he will, and that he cleans out DC like a compaction relieving enema. . . lol

    1. John Wayne in this time of unrest and destruction and kids attacking innocent folks should be named: Louisville Slugger. That's right, keep a
      baseball bat within reach of your front door or accessible to you in your car.

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