Sunday, February 24, 2013

Last Year's Prop 30: Where's the money going?

An informative commentary in the Press- Democrat that explains where the money from last year's tax increases will be going. A hint: mostly for pension benefits, health care and debt obligations.


At 9:17 AM, Anonymous Anonymous said...

Good news then. People who worked hard their entire lives deserve their pensions. All people deserve healthcare. And we should live up to our debt obligations.

At 10:43 AM, Blogger Fred Mangels said...

Even if it breaks the state, huh? As the commentary pointed out, the new tax increases won't pay the full pension obligation. And while they're struggling to pay the pension debt, all other government services will suffer.

Moody's is considering using a new formula to rate municipal finances that takes into a account real government pension debt. That could end up showing up to 3 times the debt that we're currently expecting:

At 10:47 AM, Anonymous Anonymous said...

"Henchman Of Justice" says,

So, any guesses as to who enough local public employees want to continue voting into office at every level? You guessed it, those treasonist types of elected officials who endorse stealing from Peter to Pay-off Paul for the launderings and wastes of tax dollars. Yet, another reason for small and limited government as much as possible considering the population overloads and needs. - HOJ

At 2:39 PM, Anonymous Anonymous said...

Like many of the ideas promoted by Antichrist, while it sounds good on the surface and "promotes" fairness, hidden underneath is a sinister purpose, a mixture of good and evil, which makes men the slaves of men. Rerum Novarum started the modern day union movement. Now people "deserve" others to pay for their retirement. Contrary to the express statement of God that said, "in toil you shall eat of it all the days of your life." Now we have an Antichrist stacked supreme court that "mandates" health care for everyone. But not really, it just lines the pockets of the medical institutions and pharmaceutics which are largely invested in by the "church." Why don't we just start selling indulgences again?

At 4:55 PM, Anonymous Anonymous said...

"Henchman Of Justice" says,

Here is an example of the two-party Anti-Christ types who lie through e-mails, purporting that HOJ (jeffrey Lytle) supports the Democratic fascist regime and Obama:

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But when I took the reins, my staff informed me of our current monetary
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but the $145 million cost completely emptied our bank account.

Now, President Obama needs you and me to stop a Republican takeover once again. It's
expected to cost a staggering $200 million--and we have zero in our reserves.
Re-building our foundation is critically important; that's why I need your immediate
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Click here to become a 2013 member before the critical FEC deadline on February 28
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At 4:59 PM, Anonymous Anonymous said...

"Henchman Of Justice" says,

Not true that all people deserve healthcare, pensions benefits and that they are due this stuff for hard work. Fact is, government work is not hard, unless you are one of the few dirtying your finger nails while working outside (ie. County Public Works Departments, Cal-Trans , etc.. where most of these employees work harder than the perfumed and cologned elitist wannabees who perch their butt in chair as only desk jockeys could do - HOJ

At 11:26 AM, Anonymous Anonymous said...

The prop 30 money is going to offshore banks own by the new world order just google it California has the most slush funds ln offshore account in the usa


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