Jerry Brown Signs California’s Death Warrant. Ruling Signals The End

As the rest of the country benefits from President Trump’s economy, one place suffers. California. Thanks to its super-liberal leadership, the once great state is hitting hard times. It comes as wildfire scorch much of the state and mudslides wipe out what’s left of it.

The state would be in a better place, if it had conservative leadership. Instead they have out-of-control liberals, who spent their money on government handouts and other wasteful programs. Their democratic lawmakers have neglected much-needed concerns, in favor of terrible, liberal policies.

Now we are learning that it’s not just California citizens who are going to suffer. People who worked for the state for years are now going to get punished.

From Bloomberg:

California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments…

That would be a major shift in California, where municipal officials have long believed they couldn’t adjust the benefits even as they struggle to cover the cost. They have raised taxes and dipped into reserves to meet rising contributions. The California Public Employees’ Retirement System, the nation’s largest public pension, has about 68 percent of assets needed to cover its liabilities. For the fiscal year beginning in July, the state’s contribution to Calpers is double what it was in fiscal 2009.

Across the country, states and local governments have about $1.7 trillion less than what they need to cover retirement benefits — the result of investment losses, the failure by governments to make adequate contributions and perks granted in boom times.

“In the next downturn, when things look pretty dire, that would be one of the items on the chopping block,” Brown said.

Oh, that’s on the chopping block, Jerry? Not the fund you use to shield illegal aliens? Or the cash you burn for government handouts to people who refuse to work? You protect criminals, free loaders, and outsiders. But the people who worked for years to make California a better place? Cut them off!

It’s amazing to see how out of whack liberal priorities are. Last year, the California was considering creating a state-run health care system. It would have cost them $400 billion (to start). Yet they don’t even have the money to pay their retired workers’ pensions. Talk about irresponsible.

How much money do they shell out giving benefits to illegals? How much cash is spent supporting the freeloaders in San Francisco? Where did all the money go, Jerry? If they can’t pay these pensions, perhaps an investigation is in the works. Perhaps these democrats have been padding their own pockets all these years.

Regardless of the reason, it’s a crime for California to cut off their retirees’ pensions. These people worked for those benefits. They were committed to the state. Now, when they are in need, Jerry Brown wants to drop them.

I can’t imagine how a governor could do that.

Source: Bloomberg, patriotjournal.org

Congress Wants to Take Away Obama’s Pension

Congress has put Barack Obama on notice that his generous government pension could be taken away if he keeps living like a celebrity.

Obama’s behavior since leaving office has only cemented the fact that he’s an elitist.

From partying on yachts with Hollywood stars to raking in MILLIONS OF DOLLARS in book deals and speaking fees, Obama’s doing anything but retire with class and grace.

He certainly wasn’t the “people’s president,” and there’s no reason the PEOPLE should be subsidizing his lavish lifestyle.

USA Today reported that Congress is taking another look at a bill that would cancel pension payments to past presidents if they earn $400,000 or more in a fiscal year.

Unsurprisingly, Obama himself vetoed that bill when it was first introduced.

Obama had already put the wheels of his post-presidency cash machine in place, and wasn’t about to let Congress derail his plans.

But now that he’s out, Congress is going after Obama.

In response to the USA Today report that Obama’s earnings could trigger congressional action, House Oversight and Government Reform Chair Jason Chaffetz responded:

Let Congress know we are behind them – SHARE THIS EVERYWHERE!

Obama is using OUR tax dollars to fund a level of luxury he does NOT DESERVE.

 Source:conservativepost.com

You’ll Never Guess How They’re Taking Away Obama’s Pension, He Is Furious

Barack Obama really worships his money and there’s nothing bad about it.

HOWEVER, WHEN YOU ARE EXTREMELY ENGAGED WITH YOUR MATERIAL WORLD, AT SOME POINT OR ANOTHER YOU BEGIN LOSING YOUR SENSE OF BEING.

Barack Obama made some very, very poor moves while he was in the Oval Office and he made them most likely on the grounds that he was occupied with his own particular plans and individual agenda.

Be that as it may, he received some really bad news.

You can read more about it in the text below:

Via Conservative Tribune:

One of the many perks of becoming the president of the United States is that you have been guaranteed an income for life worth millions of dollars, thanks to the American taxpayers — no matter what other earnings might be coming in.

However, the days of the federal treasury paying presidents huge amounts of money they’ll never need may finally be over thanks to a bill that is making its way through the Senate, The Daily Caller reported.

On Wednesday, the Senate Committee on Homeland Security and Governmental Affairs unanimously approved a bill that would cut presidential pensions, saving the taxpayers millions.

THE BILL, WHICH WAS INTRODUCED BY REPUBLICAN IOWA SEN. JONI ERNST, WOULD CAP THE PENSIONS AT $200,000, WITH ADJUSTMENTS MADE FOR THE INCREASE IN THE COST OF LIVING EACH YEAR.

In addition, the legislation includes language that for every dollar above $400,000 that a president makes from things like speeches and other post-presidential events, one dollar would be taken off the pension. Bloomberg noted that former President Barack had Obama already made $400,000 from one speech given to clients of Northern Trust Corporation.

The bill would not change any of the security measures provided to former presidents.

“Our national debt now exceeds $20 trillion; this bipartisan effort is another important step toward reining in Washington’s out-of-control spending,” Ernst explained.

The Washington Times noted that that Obama vetoed similar legislation in 2016 — his final year in office.

With presidents making millions of dollars after they finish their time in office (which is perfectly fine), it makes no sense for the taxpayers to be providing them with an income regardless of their other arrangments.

Footing the bill for security is one thing, but just giving someone money because they used to be a president makes zero sense. This is essentially high-dollar welfare for people who clearly don’t need it.

We hope that you found this article informative and helpful. Share your thoughts and opinions with us!

 Source:www.nationalinsiderpatriot.com

Congress Wants to Take Away Obama’s Pension

Congress has put Barack Obama on notice that his generous government pension could be taken away if he keeps living like a celebrity.

Obama’s behavior since leaving office has only cemented the fact that he’s an elitist.

From partying on yachts with Hollywood stars to raking in MILLIONS OF DOLLARS in book deals and speaking fees, Obama’s doing anything but retire with class and grace.

He certainly wasn’t the “people’s president,” and there’s no reason the PEOPLE should be subsidizing his lavish lifestyle.

USA Today reported that Congress is taking another look at a bill that would cancel pension payments to past presidents if they earn $400,000 or more in a fiscal year.

Unsurprisingly, Obama himself vetoed that bill when it was first introduced.

Obama had already put the wheels of his post-presidency cash machine in place, and wasn’t about to let Congress derail his plans.

But now that he’s out, Congress is going after Obama.

In response to the USA Today report that Obama’s earnings could trigger congressional action, House Oversight and Government Reform Chair Jason Chaffetz responded:

Let Congress know we are behind them – SHARE THIS EVERYWHERE!

Obama is using OUR tax dollars to fund a level of luxury he does NOT DESERVE.

 Source:conservativepost.com

 

Congress Wants to Take Away Obama’s Pension

Congress has put Barack Obama on notice that his generous government pension could be taken away if he keeps living like a celebrity.

Obama’s behavior since leaving office has only cemented the fact that he’s an elitist.

From partying on yachts with Hollywood stars to raking in MILLIONS OF DOLLARS in book deals and speaking fees, Obama’s doing anything but retire with class and grace.

He certainly wasn’t the “people’s president,” and there’s no reason the PEOPLE should be subsidizing his lavish lifestyle.

USA Today reported that Congress is taking another look at a bill that would cancel pension payments to past presidents if they earn $400,000 or more in a fiscal year.

Unsurprisingly, Obama himself vetoed that bill when it was first introduced.

Obama had already put the wheels of his post-presidency cash machine in place, and wasn’t about to let Congress derail his plans.

But now that he’s out, Congress is going after Obama.

In response to the USA Today report that Obama’s earnings could trigger congressional action, House Oversight and Government Reform Chair Jason Chaffetz responded:

Let Congress know we are behind them – SHARE THIS EVERYWHERE!

Obama is using OUR tax dollars to fund a level of luxury he does NOT DESERVE.

 Source:conservativepost.com