Uh-oh!!! California is begging Trump for help.

SFGbob

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

No homeless or bankrupt people living at his house so it’s not really a problem.

TurdBomber

CirrhosisDawg said:

I don’t care about poor people or the California poverty rate. Poor people are speed bumps on the way to greater prosperity for successful people. Poor people are are free to move to Oregon, Idaho, Arizona or Nevada anytime they want.

Cuntwaffle should help poor people in California escape their plight. He cares.

You're a really shitty liar, Libtard. YBE to sound tuff; Not working.

Bendintheriver

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The facts are not something that cirrhosis wants to discuss.

2001400ex

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

Bendintheriver

2001400ex said:

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

You are a classic liberal idiot who has trouble with their maff and their honesty. CalPERS uses the Market Basis math because it is much more accurate over time. In other words, the accountants for the state aren't going to lie to themselves like idiots like you do.

I love when you post a link and don't take the time to read it you idiot.

From your link:

"The use of this discount rate here is intended, as most financial economists agree, to more closely represent market realities and system liabilities."

They are describing their use of Market Basis accounting. FFS you are a juvenile.

2001400ex

Bendintheriver said:

2001400ex said:

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

You are a classic liberal idiot who has trouble with their maff and their honesty. CalPERS uses the Market Basis math because it is much more accurate over time. In other words, the accountants for the state aren't going to lie to themselves like idiots like you do.

I love when you post a link and don't take the time to read it you idiot.

From your link:

"The use of this discount rate here is intended, as most financial economists agree, to more closely represent market realities and system liabilities."

They are describing their use of Market Basis accounting. FFS you are a juvenile.

They got over 10% return on their investments last year. You really think 3% over time is reasonable? Besides, GASB standards dictate the rate to be used.

You don't look for facts, you look for affirmation.

Bendintheriver

2001400ex said:

Bendintheriver said:

2001400ex said:

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

You are a classic liberal idiot who has trouble with their maff and their honesty. CalPERS uses the Market Basis math because it is much more accurate over time. In other words, the accountants for the state aren't going to lie to themselves like idiots like you do.

I love when you post a link and don't take the time to read it you idiot.

From your link:

"The use of this discount rate here is intended, as most financial economists agree, to more closely represent market realities and system liabilities."

They are describing their use of Market Basis accounting. FFS you are a juvenile.

They got over 10% return on their investments last year. You really think 3% over time is reasonable? Besides, GASB standards dictate the rate to be used.

You don't look for facts, you look for affirmation.

This is like arguing with a 3 year old.

They had huge losses in the early 2000's and again gigantic losses 2008-2010. Over that decade the average return was lower than 2%. The reality is probably even worse as politicians in CA like to fake the numbers. It is bad for re-election chances if you publicize horrible losses in the CALPERS returns so the democrat leaders there lie by using fake liberal maff.

The cold hard facts are that the CALPERS system is unsustainable and is bankrupt. A ponzy scheme at this point. Even after all of this stock market rise, they CALPERS system is still so deep in unsecured debt it will never get out whole. So, you idiot, that means that when the market goes down, and it will, it always does, it is going to further kill the ponzy scheme that now is CALPERS.

USMChawk

2001400ex said:

Bendintheriver said:

2001400ex said:

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

You are a classic liberal idiot who has trouble with their maff and their honesty. CalPERS uses the Market Basis math because it is much more accurate over time. In other words, the accountants for the state aren't going to lie to themselves like idiots like you do.

I love when you post a link and don't take the time to read it you idiot.

From your link:

"The use of this discount rate here is intended, as most financial economists agree, to more closely represent market realities and system liabilities."

They are describing their use of Market Basis accounting. FFS you are a juvenile.

They got over 10% return on their investments last year. You really think 3% over time is reasonable? Besides, GASB standards dictate the rate to be used.

You don't look for facts, you look for affirmation.

My God you’re dumb.

2001400ex

Bendintheriver said:

2001400ex said:

Bendintheriver said:

2001400ex said:

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

You are a classic liberal idiot who has trouble with their maff and their honesty. CalPERS uses the Market Basis math because it is much more accurate over time. In other words, the accountants for the state aren't going to lie to themselves like idiots like you do.

I love when you post a link and don't take the time to read it you idiot.

From your link:

"The use of this discount rate here is intended, as most financial economists agree, to more closely represent market realities and system liabilities."

They are describing their use of Market Basis accounting. FFS you are a juvenile.

They got over 10% return on their investments last year. You really think 3% over time is reasonable? Besides, GASB standards dictate the rate to be used.

You don't look for facts, you look for affirmation.

This is like arguing with a 3 year old.

They had huge losses in the early 2000's and again gigantic losses 2008-2010. Over that decade the average return was lower than 2%. The reality is probably even worse as politicians in CA like to fake the numbers. It is bad for re-election chances if you publicize horrible losses in the CALPERS returns so the democrat leaders there lie by using fake liberal maff.

The cold hard facts are that the CALPERS system is unsustainable and is bankrupt. A ponzy scheme at this point. Even after all of this stock market rise, they CALPERS system is still so deep in unsecured debt it will never get out whole. So, you idiot, that means that when the market goes down, and it will, it always does, it is going to further kill the ponzy scheme that now is CALPERS.

Is Calpers only a 10 year plan now? Do you really think they only invest in US stock market equities? The financial statements are online, you can see everything and they're assumptions.

If you are only getting 3% return on your investments over time, good luck in retirement. You are barely keeping pace with inflation.

2001400ex

USMChawk said:

2001400ex said:

Bendintheriver said:

2001400ex said:

MikeDamone said:

CirrhosisDawg said:

Bendintheriver said:

So Cirrho never addressed the poverty issue in CA and played the "I don't see them in my neighborhood so it doesn't exist" ignorance is bliss defense. Gets racist in his descriptions of other states and clearly has no idea that his state has more liabilities than it will ever be able to cover.

I think Cirrho won the argument. Who is with me? LOL

Rent seeking off the “California is essentially bankrupt” crowd is the favorite part of my work.

Did you get ahold of the OC register to bust their balls?

https://www.google.com/amp/s/www.ocregister.com/2018/04/06/with-california-taxpayers-facing-a-1-trillion-unfunded-pension-liability-lawmakers-focus-on-foam-and-plastic-straws/amp/

The $1 trillion is a lie. That's using a 3% rate rather than a better rate on their investments.

https://www.pensiontracker.org/

You are a classic liberal idiot who has trouble with their maff and their honesty. CalPERS uses the Market Basis math because it is much more accurate over time. In other words, the accountants for the state aren't going to lie to themselves like idiots like you do.

I love when you post a link and don't take the time to read it you idiot.

From your link:

"The use of this discount rate here is intended, as most financial economists agree, to more closely represent market realities and system liabilities."

They are describing their use of Market Basis accounting. FFS you are a juvenile.

They got over 10% return on their investments last year. You really think 3% over time is reasonable? Besides, GASB standards dictate the rate to be used.

You don't look for facts, you look for affirmation.

My God you’re dumb.

Go look up GASB 67/68 and get back to me.