San Jose faces $3.5 billion debt for employee retirement programs

Contra Costa Times ^ | 3/3/12 | Daniel Borenstein - Staff columnist

[Tupelo]

Call Uncle Sugar.
If that don't work, just declare BK and stiff them.
Hell this is easy.

[EyeGuy]

“We Californians salute and thank you Missourians.”

###

Don't thank us for a forced, gun-to-the-head bailout of an insatiable Communist bureaucracy.

On balance, perpetuating and prolonging socialism is the worst possible scenario. For all of us. (Tigers may get their highest Big Dance seeding EVER this year!)

[Liz]

The conventional wisdom is that bankrupt Greece was hollowed out from within---by avaricious politicians and their cronies. One report showed the Greek govt had 535 fully-staffed govt agencies with no discernable purpose.

REFERENCE 10 Insanely Overpaid Public Employees BY BLAIRE BRIODY, The Fiscal Times, July 13, 2011

EDITED Even in these tough times, thousands of govt employees get great, big fat salaries. Hundreds of thousands get more than the $400,000 annual Obama pulls down.

In 2009, 347 Texas state employees earned more than the president; 53 of them made more than $600,000. In New York, 35 employees were paid over $400k last year.

Since 2005, the number of Federal employees earning $150,000 plus has jumped tenfold: from 12,399 to 171,689. Besides hefty salaries, yearly payouts include bonuses, overtime pay, free health benefits and free cars/fillups/maintenance/license fees.

And at retirement, royal exit packages, annuities, bonuses, multi-million dollar investment packages, Cadillac family health benefits, pension checks AND retirement into low show second govt jobs with plentiful perks, and hefty buyous for duplicate benefits packages.

Then there's "other pay".... things like unused sick days......$594,976 worth for one California employee – something struggling private sector employees can only dream of...but all of whom are footing the bills for this largesse.

Photo Gallery at web site: 8 Outrageously Cushy Government Pensions

Slideshow at web site: 10 insanely overpaid government employees

http://www.thefiscaltimes.com/Articles/2011/07/13/10-Insanely-Overpaid-Public-Employees.aspx#page1

[cherry]

they'll inflate their way out...but that leaves the many of us without defined pensions in the gutter....because no way can we make up the differences that exist between private and govt pensions...

nice going America...you've sold your soul for the govt workers to be happy....now all our kids and grandchildren get to pay for these people...

[cherry]

cheat...cheat and lie....stop playing the game of being a good citizen...its foolhardy...and nuts...to think the takers will ever willingly stop taking...

I understand the mafia more and more...

some of us are NOT on the gravy train and never will be....