Public Pensions and the lie of underfunding

The Government Finance Officers Association is made up of the best in government finance. They have issued a fact sheet on the status of government pension funds, they say there is no crisis and they should know. Now lets ask ourselves why would we be told there is a crisis with the pension funds and why the media is not reporting what the GFOA is saying.

Let us consider this, if the funds were basically giving away the excess, losing hundreds of millions, then the people running them would need more to keep up their little ponzi schemes.

I remember posting recently about one investment firm that lost hundreds of millions of dollars of pension money and said that the pension funds for government employees were too generous. There needed to be basically more to give to his friends and not return the funds to the people who they were created for.

That is what is really behind the pension crisis, not there being adequately funded for the employees.

Something to consider

Just got up and read this article. A man has now been completely cured of AIDS through a bone marrow transplant and stem cell therapy, he is now immune to AIDS. I had brought this up a while back. He is cured because a babies life was stopped, it was not allowed to grow. While we are glad that he is cured of AIDS, we have entered a "Brave New World" where we can now make ourselves healthier by taking parts from embryos.

Is this the direction we wish to head in?

Hmm, sounds like something is up

Ron Kaye, former editor of the Daily News had an interesting post. I will provide the link. What he is saying is that a Federal Grand Jury has issued permission for electronic surveillance of people working for the City of Los Angeles and that the FBI is looking all over the place. He mentions the Department of Transportation. Hmm, could that have anything to do with the City Controller issuing a audit or the DOT, she wanted to get the first kudos, a political move?

Pension, FBI and Politicians

If Zuma Dogg is correct, then the world is going to get very interesting real quick. I don't know, I kind of think he is right.

My Brain is Hurting Again

This article is very complicated and disturbing. We owe a lot of money as a nation.

Another Wonderful Dinner

Had dinner with a friend again. He is becoming quite the force to reckon with. I suggest the other young stallions stay out of his way unless they are headed in the same direction. I think he liked seeing that everywhere we went, the people working at the establishments knew me and liked seeing me come in. I think maybe it helped him to know that things are just fine for me where I am.

I told him things that unfortunately I cannot discuss here at this moment, I may or may not talk about them in a week or so, we shall see. There is a time to everything and now is not the time. Sometimes it is okay to stay out of things and let them handle themselves in their own manner, sometimes it is okay to let others just do their part.

Same thing with my dear friend, I like to hear how he has already handled his stuff. He knows what to do and just goes out and does it. He can then tell me his story and we all have one; but, his is worth hearing because it ends with things being better.

I read a report today, it said that for the first time in a long time Israelis were allowed to pray on the temple mount, this is big folks. A religious ceremony by Jews was performed on the temple mount. Keep an eye on the mount, something is up and Perez has said that he can see peace for Jerusalem in our time. Peace, I remember reading something about peace in the mideast.

Well dear readers, I must post and say goodnight. I will spend more time when I can.

Planet of the Apes

There is a new Planet of the Apes movie coming out. The Trailer. It looks like it might actually be worth watching. I like the story about some scientist trying to make a drug that repairs the brain. Somewhere someone is doing that.

I am not in favor of drugs that work on your mind. I have to say that I agree with Tom Cruise to an extent, the extended us of mind drugs like prosac is worse than not being on them.

I do however think that there are some in the City of Los Angeles who should consider getting lots of drugs. I don't think the legal marijuana is going to be enough for them when things come down. A Los Angeles blogger who goes by the alias Zuma Dogg had an interesting post about the present City Controller. It is well worth a read.

Someone seems to have made the Dogg aware of the fact that the FBI just might be investigating LADOT. Hmmmm, now why would the FBI be investigating. Maybe it is the state of California itself. I mean after all, if parking tickets were waved at the request of politicians, guess what, that is a violation of state law, it is illegal and LADOT has already admitted to doing it. How come there hasn't been a grand jury investigation, or maybe there has been and we don't know about it. It wouldn't take much when they have already admitted guilt.

People really don't get it and do in fact say some of the dumbest things in audits (and no Pimpernel is not an auditor). People do it in life. They have a big lie, so they tell a little one, not knowing that it will be the one that gets them. I believe the lies have it, well, at least they are gonna get it.

Want a prediction, LADOT is going down and they won't be alone for long. This is going to take at least a couple of Council staffers with them. The Council people will be asked how they keep such people on their staffs and off they go to unemployment land. Wave bye bye. Now, blow a kiss. A kiss and off, kiss off.

I couldn't help it, I saw a cheap joke and took it. I read Zuma's post and tried to question why the FBI might be involved. The options are that they are doing a Rico (organized crime) investigation or that federal funds were improperly spent, I thing they must have received stimulus money, everyone else in the country did for projects.

Sorry dear reader, I am actually writing on another site while trying to post here at the same time. I have six threads going at once and it is beginning to hurt my head and distract me, oh, and I am on a chat site at the same time, fortunately that is quiet.

See you later.