{"id":2129,"date":"2019-12-19T09:30:20","date_gmt":"2019-12-19T16:30:20","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=2129"},"modified":"2019-12-19T14:48:37","modified_gmt":"2019-12-19T21:48:37","slug":"pension-liabilities-soar-as-democrats-push-for-endless-taxes","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=2129","title":{"rendered":"Pension Liabilities Soar as Democrats Push for Endless Taxes"},"content":{"rendered":"

Pension costs have been a subject of concern for Republican leaders as well as citizens across the political spectrum over the past few years, but Democrats have sought to prevent pension reform to address the issue of these unfunded liabilities. It doesn\u2019t come as a surprise that the League of California Cities projected pension costs to \u201cdramatically increase to unsustainable levels.\u201d<\/span>
\n<\/span><\/p>\n

Much of the blame can be placed on the California Public Employees Retirement System (CalPERS), which has been out of control over the past few years. The group has sucked up over $20 billion in mandatory \u201cemployer contributions\u201d from the state, local governments, and school districts, and that number is only projected to increase further.<\/span><\/p>\n

<\/p>\n

The LCC report states that \u201cevidence such as collections activities, requests for extensions to amortization schedules and information regarding termination procedures indicate that some public agencies are under significant strain.\u201d<\/span><\/p>\n

Some? Try all.<\/span><\/p>\n

Public Pension Liabilities are on track to bankrupt not only San Diego, but all of California\u2014and only Republicans seem to care. Though some Democrats voice their concerns regarding CalPERS constantly, they\u2019re largely unwilling to make any attempt at a solution.<\/span><\/p>\n

Though tax measures always pop up on the ballot, most go towards improving local services, not towards alleviating pensions. However, this is only a bait and switch. By increacing public funding for other public services, money in the budget is freed up in hopes of “fixing” the pension problem.<\/span><\/p>\n

Why can\u2019t our officials own up to the problems they\u2019ve actually caused? The truth is that Democrats are tied up in alliances with many of the unions negotiating pension agreements, resulting in a severe conflict of interest that severely harms taxpayers.<\/span><\/p>\n

It\u2019s just another example of how partisan interests are being levied against taxpayers in unforgivable ways.<\/span><\/p>\n

 <\/p>\n

Photo by Ben Taylor via Flickr<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pension costs have been a subject of concern for Republican leaders as well as citizens across the political spectrum over the past few years, but Democrats have sought to prevent pension reform to address the issue of these unfunded liabilities. It doesn\u2019t come as a surprise that the League of California Cities projected pension costs…<\/p>\n","protected":false},"author":3,"featured_media":2147,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-2129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"\nPension Liabilities Soar as Democrats Push for Endless Taxes - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=2129\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pension Liabilities Soar as Democrats Push for Endless Taxes - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Pension costs have been a subject of concern for Republican leaders as well as citizens across the political spectrum over the past few years, but Democrats have sought to prevent pension reform to address the issue of these unfunded liabilities. 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