Dear Friends: Professor Athena sent me this post today, which I thought would be an awesome way to start back on my regular blogging after my son’s Spring Break. One of the key issues that I have focused on during my Tea Party agitation has been California’s toxic pension programs. One of my personal heroes, veteran tax-fighter Richard Rider, drew my attention to the enormous financial burdens government employees are placing on private citizens last year during our Tax Day Tea Party events. This problem has not gone away.
The state of California’s real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported.
To put that number in perspective, it’s almost seven times greater than all the outstanding voter-approved state general obligation bonds in California.
Why should Californians care? Because this year’s unfunded pension liability is next year’s budget cut to important programs. For a glimpse of California’s budgetary future, look no further than the $5.5 billion diverted this year from higher education, transit, parks and other programs in order to pay just a tiny bit toward current unfunded pension and healthcare promises. That figure is set to triple within 10 years and — absent reform — to continue to grow, crowding out funding for many programs vital to the overwhelming majority of Californians.
Instead of a government of the people, by the people and for the people, we have become a government of its employees, by its employees and for its employees.
I warn my non-Californian friends that if this issues isn’t fixed, expect our productive non-government employees to be moving to an area near you. Furthermore, this structure is providing the current administration in Washington DC with a template to secure the backing of government employee unions with golden bribes that will be borne on the backs of all Americans. This is a dire situation, truly.
Michelle Malkin has another tale of trouble from the Golden State: S.F.’s housing mob and the death of property rightsIn a related post, W.C. Varones has this: Mainstream media finally waking up to debt crisis
I talked to a reporter with the Associated Press office based out of Sacramento today, stressing that the Tea Party movement also had a significant number of Democrats within it. She seemed like a fair-minded individual, and I am looking forward to reading her piece. One of the aspects of the Tea Party movement I highlighted was the use of the Internet and social networking to get information out to fellow citizens, and an appeals court protected this today from another Obama Administration power grab: Appeals court rejects FCC authority for Net Neutrality
As a Tea Party Democrat, I read with interest these pieces today:
Voting Female Speaks — Liberal DEMs discussing Obama & Co’s Communist threat to DEM party and the US
Le·gal In·sur·rec·tion has a post today from a liberal Democrat Obama voter’s revised view of the President: “You Were Right About Obama”
No Quarter USA has this piece: Democratic Women in the Tea Party Movement Bust Another False Media Narrative