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Is this in our future too?

Original post made by Resident, Stoneridge, on Nov 14, 2012

An interesting story regarding pension and compensation costs leading to bankruptcy.

Web Link

Comments (11)

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Posted by True
a resident of Another Pleasanton neighborhood
on Nov 14, 2012 at 7:01 pm

NO web link, so can't read it.
I know it's true anyway.

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Posted by jay
a resident of Another Pleasanton neighborhood
on Nov 15, 2012 at 7:52 am

Great article. Thanks for posting it.

In the article it says "Unions poured money into city council elections, and the city council poured money into union pay and pensions. " This is what the unions have been doing in Pleasanton and so glad that the candidates they were financing this year did not win. I hope the new council hits the ground running to fix previous actions and get our pension debts removed. It is going to be painful to do but the sooner it happens, the better. Things are only getting worse over time. Even though there have been some modest improvements, our debt is more now then it was 4 years ago.

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Posted by hmmm
a resident of Another Pleasanton neighborhood
on Nov 15, 2012 at 8:32 am

From the article:

"In bankrupt San Bernardino, a third of the city's 210,000 people live below the poverty line, making it the poorest city of its size in California. But a police lieutenant can retire in his 50s and take home $230,000 in one-time payouts on his last day, before settling in with a guaranteed $128,000-a-year pension. Forty-six retired city employees receive over $100,000 a year in pensions."

Says it all.

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Posted by Ptown native
a resident of Stoneridge
on Nov 15, 2012 at 2:34 pm

What? No Union supporters crying how everyone hates them?
Could it be that they know in their hearts it's true?

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Posted by Sonny
a resident of Downtown
on Nov 15, 2012 at 2:43 pm

Forget about references to criminal bookkeeping, fraud, and political incompetence/mismanagement of funds. It's much simpler to hate on unions. I know I hate 'em. And I don't have to read varied sources or take heed of nuanced commentaries. I just know unions are bad.

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Posted by Dim future
a resident of Another Pleasanton neighborhood
on Nov 15, 2012 at 9:34 pm

Petty scary reading ! Majority just close their eye and ears, and let the drunken brawl continue. It could be Pleasanton, Alameda County, and/or the state of CA.
Soon there will be nothing left potholes, bridges, or new roads.....taxes will just transfer to assorted people thru aassorted program.. i.e. assorted breeder Moms who have more than they can feed, clothe, and educate, so it beomes my job. And, we have to pay into CalPers for our retirees. The only worker situation, where we, the taxpayers pay our workers, more that we have for ourselves.
Then telling kids they can all be doctors, then we have to import people to do welding and manufacturing jobs because our kids couldn't possibly do any such things...Our current government tells everybody they must go to school to become doctors & lawyers work for non-profits...then the 'drop- out', becoming unemployed and we continue to import workers to do manufacturing jobs..IF the company trains them, since they didn't think to get skills training.
Future is not bright. Anybody given Pell grants should only get money IF they are studying a viable taxpayers gifts for
african art, art history, etc. Government should not 'cancel' student loans of people taking frivilous studies, vs viable skills to earn a paycheck. ZERO assistance for "goofy" classes and majors.
Just because a degree is offered in something, doesn't mean taxpayers should be on the hook for it....don't expect me to pay tuition loans & UNemployment for you, too. There is little demand for 'watercoloring' demand, NO assistance, and NO debt cancel.!!
Time we each of us read every line of 'our' US budget. This is all heading to a crash.

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Posted by Cholo
a resident of Livermore
on Nov 16, 2012 at 9:23 am

all you have to do is retire to rake in the benefits...tee hee hee

if you don't think hard working americans don't deserve pensions, then go back to where your ancestors came from...end of story!

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Posted by Me Too
a resident of Another Pleasanton neighborhood
on Nov 16, 2012 at 8:14 pm

yes, it is fair to put some blame on the unions, but it is the city (Mayor and Council) that are there to protect the city and make it a better place (and financially solvent) into the future. The structure is like any business. Obviously employees want to make as much money as possible, but management needs to control the costs. If management (Mayor and Council) are not willing to stand up and do the right thing even though there may be short term pain (i.e. strikes and such) then the city, any city, will follow the same path.

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Posted by Dim future
a resident of Another Pleasanton neighborhood
on Nov 17, 2012 at 2:52 pm

So Hostess, maker of Twinkees, Hostess cupcakes, etc. is closing it's doors, the latest victim of hardheaded, unreasonable unions. Couldn't reach a settlement with striking workers. Owner said, forget it, we're outta here!! So the greedy workers who would not settle, just NO'd themselves right OUT of jobs!

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Posted by jay
a resident of Another Pleasanton neighborhood
on Nov 17, 2012 at 7:59 pm

To "Me Too", the mayor and council is supposed to protect the city but many times their campaigns are financed by the unions. The unions pretty much have the opportunity to buy the elected officials. For me it is a litmus test. If a politician is financed by a public employee union, there is no way I could vote for that candidate. They will do what they have to in order to please their 'investors'; the unions.

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Posted by Sonny
a resident of Downtown
on Nov 17, 2012 at 9:08 pm

If the company is worth saving, someone else will step in.

I guess instead of having pols influenced by campaign contributions from unions, you'd be more comfortable with pols who only are influenced by specific private interests - you know, like big real estate developers, polluters, grocery corps that pay their workers 3rd world wages, and the like. Yeah, you've got it all figured out. You're a pretty smart fella.

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