CalPERS posts worst year since 2009, with slim returns

LA Times ^ | July 18, 2016 | James Koren

[dragnet2]

For decades the taxpayers have been taxed into steep decline. Now you want them to pay more?

[cgbg]

Either ante up the taxes or cut the pension benefits immediately or eliminate the pension plan altogether.

Those are the three honest alternatives—and none of them will be chosen by the Moonbeam man.

[dragnet2]

I would radically cut the CA pensions and immediately start to abolish government unions at all levels.

[dragnet2]

By the way, the governor is mentally ill.

[dragnet2]

Btw, no one ever comes along and bails out the private sector. They’ve been beat like a drum for many years. They make bad choices or things go bad for them they have to deal with it and be smarter. They’ve taken hit long enough. It’s about time everyone else feel the pain.

[867V309]

I guess the windmill factories aren’t paying too well these days.

You'd think they could make it up in dead birds.

[DesScorp]

They know Uncle Sugar will bail them out.

[DAC21]

“Don’t worry - taxpayers will make up any shortfalls of the insane public union pensions...”

Yep, and the Courts have given Constitutional protections that the Pensions will continue unabated......suck it it up California tax payers, gulp I'm one of them.

[Vaduz]

Indeed Low-return environment for seven years they need to look at other options stocks seem almost flat for that time.

[CutePuppy]

OK, you two, stop with your PDS (Public Display of Sanity) - you are spoiling a perfectly good bashing party...