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alstry (35.64)

9.09...It Isn't Sustainable

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July 12, 2009 – Comments (7)

Organization posts the names and incomes of 5,100 retirees in California who receive annual pensions of $100,000 or more. A judge denied pensioners' request to block publication of such information....

At the top of the list, for example, is retired Vernon City Administrator Bruce Malkenhorst Sr., who has continued collecting his nearly $500,000 annual pension after being charged with embezzling public funds....

As The Times reported in May, Los Angeles Councilman Bernard Parks, the city's budget committee chairman, receives a $265,000 yearly city pension from his former job as police chief. That is on top of his $178,789 annual council salary....

And
John Welter was assistant police chief in San Diego when he became chief of police in Anaheim. He has a $100,000 pension from San Diego and a $175,000 salary in Anaheim.

"It isn't sustainable," said Keith Richman, a former GOP assemblyman who is president of the California Foundation for Fiscal Responsibility. "The public needs to be aware of the pension excesses in California and the impact it's having now and in the future on our government budgets."

http://www.latimes.com/business/la-me-public-pensions12-2009jul12,0,2407747.story

No Kidding it isn't sustainable!!!!!!!!

It is the taxpayer paying that salary and the taxpayer is tapped out.  Some government workers have pensions are 5X the average family's salary. 

And here is the BIG joke, our buddy UKI cited a statistic where the average income for the California family is about $55K.........clearly, without paying these insane pensions and salaries to thousands of government workers, the average income in California would drop materially.  Not only would the average income drop, but so would the tax revenues to the Federal Government as these high income earners are high Federal Taxpayers.

Soon you too will learn the system is simply NOT SUSTAINABLE.....9.09 is currently maintainable.

7 Comments – Post Your Own

#1) On July 12, 2009 at 10:21 AM, alstry (35.64) wrote:

THE MAINSTREAM PRESS LIES MORE AND MORE!!!!!!!!!!

From Bloomberg Today:

July 12 (Bloomberg) -- Retail sales in the U.S. probably increased in June for a second straight month and factory production fell at a slower pace as the recession abated, economists said before reports this week.

Sales gained 0.4 percent after a 0.5 percent increase in May, according to the median estimate in a Bloomberg News survey before the Commerce Department’s report on July 14. The next day, Federal Reserve figures may show industrial output fell 0.6 percent last month after a 1.1 percent drop in May.

Consumers are venturing back into stores, seeking discounts and favoring necessities such as food or fuel. Even as the projected increase in sales and reports this week on housing may show the worst of the downturn has passed, a turnaround is likely to be gradual.

Vs. CNN LAST WEEK!!!!!!!!!!!!!!!!!!!!!!!!

(CNNMoney.com) -- It looks like Americans still aren't in the mood to splurge at the mall.

Several of the nation's leading retail chains reported Thursday that their same-store sales declined again in June.

The reports raise questions about whether the government's effort to use stimulus spending to boost consumer spending is working.

Sales tracker Thomson Reuters, which tracks monthly same-store sales for 30 chains such as Target (TGT, Fortune 500), Gap Inc. (GPS, Fortune 500) and J.C. Penney (JCP, Fortune 500), said overall June sales for the group fell 4.9%, compared to a gain of 1.9% last June.

It marked the 10th-straight monthly decline for that index, which measures sales at stores open at least a year. That's worrisome because consumer spending fuels two-thirds of all economic activity.

Consumers are venturing back into stores... Retail sales in the U.S. probably increased in June Vs. It looks like Americans still aren't in the mood to splurge...It marked the 10th-straight monthly decline for that index

Alstry couldn't make this stuff up if he tried!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

9.09......don't get fried!!!!!!!!!

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#2) On July 12, 2009 at 11:11 AM, cthomas1017 (97.24) wrote:

Alstry, I've been curious about why 9.09? Have you covered this in some previous blog?  Why not 9.08 or 9.10 or some other date?  Why not 10.09?  (Which is the birthday of my ex, so if it's armegeddon and satan is going to return, I would put my money on that. ;)

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#3) On July 12, 2009 at 11:14 AM, alstry (35.64) wrote:

Because 9.08 is already gone and 9.10 seems too long....at this point.

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#4) On July 12, 2009 at 12:16 PM, alstry (35.64) wrote:

ONLY A MIRACLE WILL STOP AMERICA'S SHUTTING DOWN 

Barring a miracle worthy of a Frank Capra script, the historic Boulder Dam Hotel won't open for guests, diners and history buffs Sunday.

The 20-room hotel and museum in downtown Boulder City is three months behind on its mortgage and last-minute appeals for money from the local government failed.

That leaves operators no choice but to shut down at midnight, which means the 76-year-old hotel, restaurant and museum will become a dark spot in the middle of Boulder City's historic district.

It also will leave 22 mostly part-time workers without jobs and two on-site caretakers looking for a new place to live.

http://www.lvrj.com/business/50532907.html

Consolidated Resorts Inc. and 13 affiliated companies filed for Chapter 7 bankruptcy this week, seeking to liquidate the time-share companies.

Consolidated has between $100 million to $500 million in liabilities and $1 million to $10 million in assets, according to a bankruptcy document signed by Consolidated President Arthur Spector. It's not believed that those numbers can be added to the range of numbers reported for the other companies.

When the companies previously disclosed that they planned to file for bankruptcy protection, they said they were planning to file under Chapter 11, which gives them an opportunity to reorganize their debts and emerge from bankruptcy as an ongoing businesses.

Chapter 7 provides for liquidation of assets so that cash may be distributed among creditors.

http://www.lvrj.com/business/50347922.html

And the beat goes on and on and on.................................

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#5) On July 12, 2009 at 1:01 PM, Rebkong1 (< 20) wrote:

i spit my coffee out on that one cthomas...you must love that ex of yours :)

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#6) On July 12, 2009 at 1:47 PM, cthomas1017 (97.24) wrote:

Sorry, Reb.  My fault.  I'll reimburse you for the new keyboard.

It was more of just an observation.  Probably has something to do with that time her head was spinning around on her neck and green smelly junk was spewing out her nostils. So no, I don't think "love" is any longer a part of the equation. ;)

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#7) On July 12, 2009 at 7:34 PM, ralphmachio (25.75) wrote:

Alstry, it was obviously not sustainable from the moment i could understand fractional reserve banking, but what is the mystique behind 90909?  What group has made it almost definite that when we do see something happen it will be on some strange date, like 90909, which is 60606, upside down, but that's not so significant.  

In numerology, numbers are broken down into their individual numerals, then the numerals are added together.  This is not done in the case of master numbers- 11, 22, 33.

9+9=18,(1+8=9) , 9+9+9= 9

now, 9 is a pretty strong number, set asside from the first 1- 8 which represent stages of completion.  So 9 is kinda magical because that is the type of energy that comes after a completed cycle.     

 I know very little of numerology, so the rest of my interpretation is 'from the hip', or worthless, depending on your bent (Some of you may be saying, "this is a COMPLETE waste of time") , and I must admit, you may be right. So here goes.

9/11 9*11=99, 9+9= 9

I freely admit I could not only be barking up the wrong tree, I could be in the wrong village, or out of my tree, but I will continue to take stabs regardless. 

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