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alstry (36.49)

Sheep Alert! Bankrupt Pension Needs Money From Bankrupt State

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May 18, 2010 – Comments (5)

Maybe it can be borrowed from a bankrupt bank who gets the money from a bankrupt Fed.....whille citizens lose their homes because they are bankrupt and being foreclosed by a bankrupt lender.

And you sheep Fools who think you are not bankrupt....think again.

SAN FRANCISCO, May 18 (Reuters) - Officials at the California Public Employees' Retirement System voted on Tuesday to request $600 million more in funding from the state government, fresh on the heels of Governor Arnold Schwarzenegger's press to have lawmakers cut the state's pension costs.
       The increase would be for California's next fiscal year, beginning in July, and would raise to about $3.9 billion the state's annual contribution to the pension fund, known as Calpers, the biggest U.S. public pension fund.
       Schwarzenegger in unveiling on Friday his budget plan for the next fiscal year, said that overhauling the state's pension systems to reduce their cost to the state's general fund is a top priority, an idea backed by fellow Republicans in the legislature's minority.
       Democrats, who control the legislature, are reluctant to take up the issue.

hmmmmm....SPOILED SHEEP...YOU THINK YOU SHOULD GET A PENSION AT 50 WHEN  THE PENSION IS BANKRUPT?  AT LEAST THE GREEKS EAT SHEEP.

HOW WILL THE SHEEP REACT WHEN THEY LEARNED THEY HAVE BEEN FLEECED.....SILLY SHEEP...STOP WATCHING THE TICKER....

EARTHQUAKES ARE ON THE RISE....

VOLCANOS AER ERRUPTING AND DISRUPTING....

OIL IS SEEPING INTO THE GULF STREAM SHUTTING DOWN FISHING

GOVERNMENTS ARE GOING BANKRUPT

RIOTS ARE BECOMING MORE INTENSE FORCING LIVE FIRE ZONES

BANKRUPTCIES ARE RISING

BUSINESSES ARE SHUTTING DOWN

WARS ARE BREAKING OUT WITHIN AND BETWEEN NATIONS.....

AND THAT IS JUST THE BEGINNING AS THE INDUSTRIAL AGE COMES TO AN END......

Welcome to the Digital Age.....I told you it will be exciting.

5 Comments – Post Your Own

#1) On May 18, 2010 at 5:23 PM, PDTBiotech (90.22) wrote:

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#2) On May 18, 2010 at 5:37 PM, alstry (36.49) wrote:

Imagine the faces of the children as they learn their parents were nothing more than sheep...

No more singing Mary had a little lamb.....it will be Mary was a sheep.

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#3) On May 18, 2010 at 5:47 PM, Superdrol (97.79) wrote:

This is one believable scenario unlike the other doomsday ones.  The states/local municipalities have been drowning under debt.  The austerity measures have failed in California (no surprise) and they will in every other state as well.  Just like Greece, no one wants any pain...dosen't matter what language you speak.

 

Figuratively speaking, most of the states are not that bad yet as their liabilities have not completely engulfed their ability to grow out of the debt via production, with the exception of a few like California, Michigan and a few others.

The core will continue to detoriate as time continues until it becomes a crisis like Greece.  Even those b-asterds were able to get away with it for awhile.

The retail investor got screwed by GM bonds and they will get screwed over by State/Municipality bonds as well.  That tax-free exemption will most likely go away at some point.

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#4) On May 18, 2010 at 5:49 PM, alstry (36.49) wrote:

NO MORE BATHS...TENS OF THOUSANDS OF SHEEP TO THE WOLVES.....

NC Senate follows governor with personal care cuts

North Carolina Senate budget writers agreed Tuesday to implode the programs that give at-home Medicaid patients help with their cooking and bathing, arguing providers aren't serious about eliminating fraud in an industry that employs tens of thousands of people.

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#5) On May 18, 2010 at 6:19 PM, MikeMark (29.61) wrote:

Hey is that a pic of Hillary Clinton when she was little?

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