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Showing posts from June, 2010

Score a Major Victory for the Taxpayers

HJTA, California Pension Reform Score a Major Victory for the Taxpayers Judge orders Orange County Employees Retirement System to turn over public records detailing public employee pensions SACRAMENTO --- Howard Jarvis Taxpayers Association and the California Foundation for Fiscal Responsibility (also known as “California Pension Reform”) have won a key victory in the battle against out-of-control pensions for state and local bureaucrats. A judge in Orange County has ordered the Orange County Employees Retirement System (OCERS) to turn over information on the lavish pensions of bureaucrats. OCERS must release the names, gross pension amounts, and the last employing agency from which the worker retired. “This is a great day for every taxpayer in the state of California who is fed up with subsidizing cushy retirement programs for government bureaucrats, and who wants to know the whole truth about what we’re paying for,” said Jon Coupal, president of the Howard Jarvis Taxpayers Associati

California Budget Progress

Senate Republican Leader Dennis Hollingsworth (R-Murrieta) and Senator Bob Dutton (R-Rancho Cucamonga) issued the following statements concerning state budget deliberations. Sen. Dennis Hollingsworth - Senate Republican Leader: "The budget proposals Democrats have put forward so far are financially irresponsible or illegal. Only Governor Schwarzenegger has proposed a legal budget proposal that closes the $19 billion deficit without raising taxes. We share the same goals: fix the budget by reducing spending and without raising taxes, reform some of the biggest looming problems, and get the economy moving again by bringing jobs back to California." Sen. Bob Dutton - Vice Chairman, Senate Budget Committee: "I've become increasingly frustrated during this budget process because it has become clear that the only solutions Democrats have offered to close the $19 billion deficit are a mix of accounting maneuvers and tax increases. In fact, the Assembly Democrats' pr

Health Care Update: More Than 9 in 10 Seniors Won’t Receive a Rebate Check

This week, President Obama embarked on a public relations offensive hoping to convince skeptical Americans that the Democrats’ health care overhaul is good for them.  First up, the President held a nationally televised question-and-answer session with seniors to highlight the one-time, $250 rebate check that relatively few seniors will receive if they reach the Medicare Part D donut hole this year.  In fact, more than 9 in 10 Medicare beneficiaries will never receive one of these checks. Despite the PR campaign, the problem remains in the policy.  According to the non-partisan Congressional Budget Office (CBO), the $250 one-time check pales in comparison to the $8,980 per senior cut in Medicare spending under the law over the next ten years.  Because the new health care law harms seniors by slashing Medicare, Congressman Miller and his Republican colleagues will continue to fight to repeal the law.   

Public Pensions Could Bankrupt California

By Adam B. Summers and Jon Coupal  California’s $19 billion budget deficit seems to worsen by the day, but an even larger financial crisis is brewing in the state’s pension system. Over the last two decades, state lawmakers have bestowed massive pension and benefit increases upon government workers. Unfortunately, taxpayers are now getting the bills for these handouts. Recent studies estimate California has $500 billion in unfunded pension liabilities, not to mention over $50 billion in unfunded retiree health care liabilities. It’s important for the state to recognize how it got into this fiscal disaster—and how to get out of it.   California’s public pension and retiree health and dental care expenditures have quintupled since fiscal year 1998-99, going from about $1 billion to $5 billion this year. And retirement spending is expected to triple again—to $15 billion—within the next decade.  Part of the problem is the growth of state government. Since 1998, Ca