Q for the board

TurdBomber said:

CirrhosisDawg said:

TurdBomber said:

CirrhosisDawg said:

Bendintheriver said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.



https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

"Time value of money work" Ha ha ha. Do you think your completely made up pulled right out of your dumbass ramblings make any sense at all? Some advice for you, if you aren't smart enough to know what in the hell you are talking about, don't say anything. Like in this case it just makes you look even more stupid.

What an ignoramus.

Hey BendMeOverTheRiver: I can take all of “essentially bankrupt” California assets off your hands. Securities. Real estate. Great prices too. Tell your friends and family. Before it’s too late!!!!

So you’re confessing to being a Catcher.

Freudian slip.

Confessing? What are you trying to say?

I’m offering to buy all of California assets owned by board posters because the state is essentially bankrupt. Do you own any?

Good Lord.

CirrhosisDawg said:

TurdBomber said:

CirrhosisDawg said:

TurdBomber said:

CirrhosisDawg said:

Bendintheriver said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.

https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

"Time value of money work" Ha ha ha. Do you think your completely made up pulled right out of your dumbass ramblings make any sense at all? Some advice for you, if you aren't smart enough to know what in the hell you are talking about, don't say anything. Like in this case it just makes you look even more stupid.

What an ignoramus.

Hey BendMeOverTheRiver: I can take all of “essentially bankrupt” California assets off your hands. Securities. Real estate. Great prices too. Tell your friends and family. Before it’s too late!!!!

So you’re confessing to being a Catcher.

Freudian slip.

Confessing? What are you trying to say?

I’m offering to buy all of California assets owned by board posters because the state is essentially bankrupt. Do you own any?

Good Lord.

I didn’t think so.

2001400ex said:

pawz said:

2001400ex said:

RaceBannon said:

Imagine thinking that Trump is going to lose to this shitshow

Trump has been a master at reducing the deficit.

This has me reminiscing about all the times you called out Obama for out of control deficit spending.

Obama reduced the deficit faster than any president.. HTH.

CirrhosisDawg said:

Sledog said:

Now they will spend it on illegal immigrants instead of the citizens of California. It's already begun.

IIRC Cali folk voted in a bill to return surpluses to the tax payer. The uber libs that they are are trying to figure out how to get around that.

Yes, illegal immigrants and subterfuge to keep an open border. And sanctuary state laws. That’s what we are spending our money on in California. Ask GayBob. He’ll confirm it when he gets back from the ER tonight. What are you going to about it trumptard?

2001400ex said:

Bendintheriver said:

CirrhosisDawg said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.



https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

$2.3 TRILLION!!1! in debt sounds really bad.

It is real bad when you learn that the last state budget allocated 2 billion to pay down the deficit. For you and that idiot hondo, that means you will never, ever pay it down and make it solvent.

Is this the new democrat avoidance technique? Laugh off the impending doom because you are too beholden to your politics to be independent thinkers?

Again, you still don't understand the time value of money. The pension obligation is by far the largest debt and you can't just pay it off and walk away. The money is owed over the lifetime of the recipients. How dense can you be?

CirrhosisDawg said:

GreenRiverGatorz said:

2001400ex said:

Bendintheriver said:

CirrhosisDawg said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.



https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

$2.3 TRILLION!!1! in debt sounds really bad.

It is real bad when you learn that the last state budget allocated 2 billion to pay down the deficit. For you and that idiot hondo, that means you will never, ever pay it down and make it solvent.

Is this the new democrat avoidance technique? Laugh off the impending doom because you are too beholden to your politics to be independent thinkers?

Again, you still don't understand the time value of money. The pension obligation is by far the largest debt and you can't just pay it off and walk away. The money is owed over the lifetime of the recipients. How dense can you be?

Wait, what do you think the time value of money is? The way I'm reading your post is that you think it's a liability that continues to grow year after year.

But you can't be that stupid, so I'll give you the benefit of the doubt. Feel free to clarify what you said, because as written it makes no sense.

Do you have a degree in finance too? Damone does. Or maybe a BS in economics? Don’t hurt yourself with all this math and stuff.

Bendintheriver said:

2001400ex said:

GreenRiverGatorz said:

2001400ex said:

GreenRiverGatorz said:

2001400ex said:

Bendintheriver said:

CirrhosisDawg said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.



https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

$2.3 TRILLION!!1! in debt sounds really bad.

It is real bad when you learn that the last state budget allocated 2 billion to pay down the deficit. For you and that idiot hondo, that means you will never, ever pay it down and make it solvent.

Is this the new democrat avoidance technique? Laugh off the impending doom because you are too beholden to your politics to be independent thinkers?

Again, you still don't understand the time value of money. The pension obligation is by far the largest debt and you can't just pay it off and walk away. The money is owed over the lifetime of the recipients. How dense can you be?

Wait, what do you think the time value of money is? The way I'm reading your post is that you think it's a liability that continues to grow year after year.

But you can't be that stupid, so I'll give you the benefit of the doubt. Feel free to clarify what you said, because as written it makes no sense.

You see.. They have an actuary that estimates the future liability based on current employment levels and expected increases in pay (requires CPI increase estimate). Then they project the average lifespan (requires estimate of health and of course the further out, the larger the liability). They they take that total cost amount and discount to present value at an interest/investment rate they are expected to make (another estimate which governmental accounting standards changed a few years ago to be ultra conservative). Just getting 1% higher rate of return than the estimate in a state the size of California means billions to the current liability due to what reason? Yes.... Again the time value of money.

Make sense now?

Hey that was a lot more thorough than I would've expected from you, so kudos.

But why is "the time value of money" a retort to the fact that California's liability is estimated to be $1T? If you're trying to imply that that estimate isn't accurate, go ahead and make that case.

Keep in mind who I was responding to on my quip about understanding how pensions work and the time value of money. You actually respond with intelligent discussions so you will get halfway intelligently responses.

No, the estimate is accurate within accounting standards. However, they have to use a very conservative rate on the pension plan investments, so only a fucktarded investment strategy by the pension board would net them that low of a return. Therefore the liability is most likely higher than the amount they truly will pay (unless there's huge breakthroughs in medicine leading to State employees living longer than currently estimated).

Now the part about how pensions work. It wasn't until a few years ago that governments had to have that liability on their books. Reason being, generally pension payments are paid from current employee contributions. Which works great (insert sarcasm) as long as the state is growing. And most Governments and businesses severely underfunded their pensions for many different reasons over the years. Hopefully now that the liability is on the books, Governments will do a better job of funding the pensions at the time the work was performed, rather than the Ponzi scheme approach.

All that being said, it's distorted to use that liability and say the state is bankrupt. And adding $2 billion dollars to the pension fund, given the time value of money, and the earning power that should be much greater than the estimate used, is actually a meaningful contribution to the pension fund.

What a bunch of billion $ bullshit. Do you type these lies faster than you think them up because it sure seems there is zero thought going into your bullshit.

"time value of money"? WTF? "within accounting standards"? Again, WTF? Clearly you wouldn't know an "accounting standard" if it bit you in the ass. All billion $ bullshit. In your circle of friends do they fall for this made up gibberish because it ain't flying here. Not even the LA Times backs up your complete fabrication. To his credit (somewhat) Jerry Brown didn't even spout such lies and complete nonsense. Time value of money means nothing here. The stock market makes sure of that with its variables. The CA teachers union PERS assumed they would get a 7% return EVERY YEAR on their pension investments. Does that sound like your bullshit "within accounting standards"? Let me let you in on a little secret, it ain't happening and it hasn't happened.

The system is so bankrupt and poorly managed by Californians that the Fed had to step up and show them their real liabilities. Do you know why the Fed stepped up and showed them that they were 2X more insolvent than California's politicians were admitting? Because they know that eventually it will be the American tax payers who will have to bail the bankrupted system out.

The absolute best case scenario right now is that the CALPERS and the teachers union are funded around 60%. It has gotten so bad that the State has had to go back to cities and demand they pay twice what they were. Your bullshit "time value of money" makes zero sense in this case as the unfunded gap continues to grow even though cities are paying more in and the stock market is at an all time high.

The funniest part of your bullshit post? That a $2 billion contribution to an underfunded liability that some sources claim is over 700 Billion is hilarious. Only you and your fellow math challenged democrat buddies on here can swallow that much bullshit. How many more cities in CA have to declare bankruptcy due to rising pension costs for you math challenged libs to wake the hell up?

Argue with these experts. "time value of money" LOL:

https://www.latimes.com/politics/la-pol-sac-skelton-california-pension-liabilities-20180118-story.html

https://www.hoover.org/research/californias-pension-indigestion-appetite-fine-dining-while-stuck-fast-food-budget

https://www.latimes.com/opinion/editorials/la-ed-supreme-court-pensions-airtime-20190305-story.html

https://californiapolicycenter.org/californias-state-and-local-liabilities-total-1-5-trillion-2/

https://www.aier.org/article/california-cities-bankruptcy-or-pension-cuts

https://napavalleyregister.com/news/opinion/columnists/dan-walters/dan-walters-surging-pension-costs-push-more-california-cities-toward/article_38e96f2c-5e73-50bd-867e-0a6bfb68560a.html

salemcoog said:

CirrhosisDawg said:

GreenRiverGatorz said:

2001400ex said:

Bendintheriver said:

CirrhosisDawg said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.



https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

$2.3 TRILLION!!1! in debt sounds really bad.

It is real bad when you learn that the last state budget allocated 2 billion to pay down the deficit. For you and that idiot hondo, that means you will never, ever pay it down and make it solvent.

Is this the new democrat avoidance technique? Laugh off the impending doom because you are too beholden to your politics to be independent thinkers?

Again, you still don't understand the time value of money. The pension obligation is by far the largest debt and you can't just pay it off and walk away. The money is owed over the lifetime of the recipients. How dense can you be?

Wait, what do you think the time value of money is? The way I'm reading your post is that you think it's a liability that continues to grow year after year.

But you can't be that stupid, so I'll give you the benefit of the doubt. Feel free to clarify what you said, because as written it makes no sense.

Do you have a degree in finance too? Damone does. Or maybe a BS in economics? Don’t hurt yourself with all this math and stuff.

I love it when @CirrhosisDawg poasts drunk and emotional. It's always the same shit. But when you are a one trick pony in real life, you tend to be that way in your cyber life as well.

T's and P's to Mr @CirrhosisDawg.

USMChawk said:

SFGbob said:

salemcoog said:

CirrhosisDawg said:

GreenRiverGatorz said:

2001400ex said:

Bendintheriver said:

CirrhosisDawg said:

2001400ex said:

Bendintheriver said:

2001400ex said:

I remember people railing on liberals running the California budget into the ground. Has anyone checked their budget deficit lately?

Also, do you think medical costs are more expensive or less expensive when people have access to preventative maintenance rather than using the ER as a doctor.

As a side note, I'm hearing race will have to pay a tax in California for not having medical insurance.

You are an idiot liberal who can't do math. There is no more money to be had in CA otherwise those idiots you democrats keep electing would further bankrupt state. CA is a state that should be leading the way, instead they are just another dem run state that will never be fiscally responsible or solvent. It is too late for them.

From the attached article from a year ago, CA is over $2.3 TRILLION!!!!!! in state and local government debt. The infrastructure deficit is $737 BILLION!!!!!!.

What is really amazing is that the pension deficit is over a $trillion dollars and in last years state budget, those dem leaders you seem to be so fucking proud of allocated only $2Billion to pay down the pension deficit.

For the nations best economy, highest income taxes and 10th highest sales taxes, you would have to be pretty fucking stupid as a group or individual to screw that up but your party has done it. And they have managed to do it while the stock market has been on a incredible run.

Then they have you, their little brain dead goose stepping moron to come on here and brag about them. What a fucking idiot.



https://www.forbes.com/sites/thomasdelbeccaro/2018/04/19/the-top-four-reasons-california-is-unsustainable/#6ff52b633a23

El oh El. You don't understand how pensions and time value of money work.

$2.3 TRILLION!!1! in debt sounds really bad.

It is real bad when you learn that the last state budget allocated 2 billion to pay down the deficit. For you and that idiot hondo, that means you will never, ever pay it down and make it solvent.

Is this the new democrat avoidance technique? Laugh off the impending doom because you are too beholden to your politics to be independent thinkers?

Again, you still don't understand the time value of money. The pension obligation is by far the largest debt and you can't just pay it off and walk away. The money is owed over the lifetime of the recipients. How dense can you be?

Wait, what do you think the time value of money is? The way I'm reading your post is that you think it's a liability that continues to grow year after year.

But you can't be that stupid, so I'll give you the benefit of the doubt. Feel free to clarify what you said, because as written it makes no sense.

Do you have a degree in finance too? Damone does. Or maybe a BS in economics? Don’t hurt yourself with all this math and stuff.

I love it when @CirrhosisDawg poasts drunk and emotional. It's always the same shit. But when you are a one trick pony in real life, you tend to be that way in your cyber life as well.

T's and P's to Mr @CirrhosisDawg.

You better be careful or he'll hit you with his "question."

Questions.