Teh Squeaky Wheel
Sadly, CorporateToolK must go to work today. And I’ve got roofing-related stuff to do (plus spent a couple of hours yesterday on paperwork / phone calls).
(Drat…Photobucket’s being dodgy this morning, so no carefully curated Monday GIF; tarnation!)
Here’s teh Monday GIF; it may or may not appear given what’s going on with PB.
Good morning and happy Monday, GN! Thanks, Fatwa, for the Paris Hilton vid. Cool.
“Paris Hilton”; heeeeeeeeee!
Good morning, Gerbil Nation!
Good morning, Fatwa, and Sven!
I’m sorry Teh Lurvely BrendaK has to work today, but glad that she is gainfully employed.
Mrs. A. and I are both grateful she’s gainfully employed. (And that it looks to be a pretty good year for roofing in SoCal, too.)
Huh. Who could have foreseen this?
“It’s like a tidal wave of expenses coming our way,” said San Jose Unified trustee Kimberly Meek.
Despite a bright economic climate, voter-approved state tax hikes and $74.5 billion that California will devote to K-12 education and community colleges in 2017-’18 — a $3.1 billion year-over-year increase — schools are in financial distress.
Faced with significant salary hikes and ballooning health benefit and pensions, school districts across the state scrambled to balance their budgets at the end of the fiscal year.
Gee, I wonder where those “significant salary hikes and ballooning health benefit and pensions” came from? Factor in the poor decision-making by the SJW’s who run the CalPERS and CalSTRS pension systems and you’ve got a real problem on your hands.
What? The well is running dry?!?
Increase the taxes!
CalPERS was already in deep voodoo at least 15 years ago. (In part because they foolishly assumed that they were gonna pull an 8%+ return every single year like that was some immutable law of nature.)
CalPERS is currently assuming a 7.5% rate of return, but after failing to meet that for two years running, has decided to lower their ROR to 7% by 2020. They’ll lower it a modest 1/8th of a point in the 2017-18 fiscal year, then another 1/8th in 2018-19, and 1/4 point in 2019-20. Yeah, that pretty much says, “Let’s pretend to make changes and hope a miracle happens.”
They’ll never learn. Wonder how many tens of billions (or more) they’re short these days? 👿
The unfunded liability is about $113 billion.
Cri. Min. Ee.
My cousin called while I was at work today -- his sister is improving. Not improving to like she’ll live -- but improving enough to maybe move to an assisted living facility. It’s quite incredible, although long term there still appears to be little to no hope.
I honestly don’t know if this is good or bad news and I hope you all understand what i mean by that.
…and I hope you all understand what i mean by that.
I believe I do.
I hope that however it plays out will be the least carpy way for your cousin. (Don’t mean to sound cavalier; sometimes there ain’t no purty way to express things.)
I understand, Sven. It seems wrong to pray for a swift, painless death, but it isn’t.
Several of the neighbors are already lighting-off fireworks; excellent! (As they almost always stop at 22:00 per local noise ordinances.)