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October 6, 2010     The Julian News
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October 6, 2010
 

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Ii October 6, 2010 The Julian News 13 California Commentary Pension Reform or Bust by Mark Wyland and Jon Coupal During the Great Depression, "California or Bust" was the slogan of economic refugees from other parts of the country on their way to the Golden State. But if Sacramento fails to reform our government employee pension system immediately, the slogan for those fleeing California will likely be "Busted by California." According to the Governor, the Big 5 have agreed on a "framework" for resolving the record breaking budget stalemate. We hope so. And we hope that part of the agreement entails serious pension reform. If it does not, these obligations will continue to overwhelm the state as well as local governments, drive the state into virtual bankruptcy and leave no revenue for essential services. The direct cost to taxpayers to pay pensions for now-retired workers has skyrocketed over the last decade, from $150 million to $3.5 billion, a big part of the reason Democrats want to raise taxes by $4.4 billion. Meanwhile, a recent Stanford study found CalPERS, the California State Teachers Retirement System and the UC Retirement System have an unfunded liability of a half a trillion dollars. Because this horrific situation is only getting worse, it is imperative that lawmakers end their procrastination in dealing with.this issue. The main problem, of course, is that any defined benefit plan is a gamble for taxpayers. Unlike defined contribution plans, taxpayers are utterly exposed to bad decisions by those who manage the funds. The foolish investments by PERS and STERS in equities and real estate, coupled with huge increases in pension benefits (by as much as one-third) have left taxpayers on the hook to make up massive shortfalls. Reforms must be enacted now as part of the budget deal and those reforms must be higher pensions provided to those defined as "public safety" workers. Most taxpayers support superior benefits for those who put their lives on the line, like police officers and fire fighters, but do not think that milk and billboard inspectors should receive higher payments. Third, since a major contribution to the pension crisis is that public employees enjoy earlier retirement than private- sector workers, we must insist that those earning full benefits work longer. Currently, public safety workers can retire with full benefits at age 50 after putting in 30 years service and others can retire at 55. Fourth, the system must be changed that allows workers to spike their pensions by saving up vacation time and other benefits until their final year of service, thereby inflating their final years' compensation on which their pension benefits are based. In most other states, pensions are based on the average income for the last three years - or longer - of work. Despite clear evidence of impending disaster, the legislative majority has blocked pension reform, choosing to protect labor interests over the public interest. This year they blocked SB 919 by Senate Republican Leader Dennis Hollingsworth, which would have implemented a number of reforms using cost- cutting methods already adopted in 17 other states. We need reform now that includes realistic forecasts based on reliable actuarial probabilities, greater public disclosure, tighter pension plan qualifications, adjustments in retirement ages and payouts and restraints on pay and pension spiking, all aimed at controlling costs and bringing equity between government and private pensions. Ultimately, a major shift to defined contribution plans is necessary if we are ever going to climb out of the substantial, notminor. ........ 9xisting public pension hole. First of all, the rules for new Without these reforms, California hires must be changed. Longgovernments and taxpayers risk term savings can be achieved going "bust." by switching from a guaranteed Jon Coupal is president of benefit system to a system that the Howard Jarvis Taxpayers provides a guaranteed retirement Association -- California's largest As Heard On The Streets Of Julian by Eric Stamets SDG&E Buys Naming Rights To Parthenon It appears by the way every edifice and stadium is selling its naming rights, that it is the best advertising bargain around. Companies can spend millions but get their name out there more effectively than the internet, radio and certainly more effectively than city newspapers such as the San Diego Union- Tribune and others in the news recently that have gone out of business because nobody reads them. They then get free TV coverage whenever there is an event televised from the spot. This has not been lost to the advertising strategists at SDG&E and in the faltering worldwide economy they have purchased a Greek electric utility that supplies Athens and the naming rights to the Parthenon there for a very reasonable sum.. It will now be known as the "TARE Parthenon". They are delighted that the Greeks use a lot of electricity lighting up the Parthenon at night and should recoup most of the cost of the naming rights just in electric bills alone. Cool Weather Trend: Tights (NAPSA)-After several seasons as a fashion staple, tights remain a must-have accessory and an easy way to update any wardrobe. Paired with like colors for a sleek, monochromatic look or contrasting colors for a bold statement, tights have been seen on the runway and the streets under skirts, dresses, shorts and cutoff jeans. Among a fashion forecast that includes nude fishnets and patterned tights, many of this season's looks are suitably sheer. Designers are showing sophisticated sheer tights that provide the perfect balance between sheer and opaque for effortless style from autumn, to winter, to spring. HOMES * CABINS. LAND. RENTALS. PROPERTY MANAGEMENT. VACATION RENTALS 2019 Main Street www.julian-realestate.com 760-765-0111 We are right next to the Bank! Parking Behind Building off'C' Street $439,000 Julian Estates - 3 bedroom, den, 2 bath, 2 car garage, 2200 sq. ft., 4.42 acres. Wood Interior, Lodge Feeling. Undeveloped Land .49 acres - Harrison Park Lot - ready to go! - $39,500 8 acres - Pine Hills -Perc test, septic layout & surveyed. Panoramic views Electric Nearby REDUCED TO $160K 6,32 acres - Pine Bills - Incredible view lot. Completed Perc Test, Survey and Septic Layout, REDUCED to $175K Both lots at a discounted rate of $320K $694,000 - Julian Estates 3 bedroom, 2 1/2 bath, 2 car, 2460 sq.ft. 2 story, 4.32 acres, Large barn and corrals. $669,000 Truly custom in Julian Estates, 3 bedroom, 3 bath, den, 2 car garage on 6.89 acres. 2 master suites, one handicap accessible. Mature forest plus orchard and horse property. Great Locale, ample parking, easy access, well on property, 2 well- maintained buildings and a 700 sq.ft. cabin that can be used as an office or rental. Known as the Julian Feed Store. This commercial site has endless possibilities for your business. Proposed building site for an additional 1300 sq,ft, bldg. For more details and maps, please contact Sheryll Strickland at 760- 765-0111 or 760-604-2226{ce11] REDUCED TO $ 729,000 ;i Kaaren Terry ,Ianet Gastil Carte St. Andre Sherr/l Stricl, la,td ('ell 619-417-0481('ell 760-445-1829('ell 619-922-9687 cell 760-604-2226 grass-roots taxpayer organization Sheer tights are certain contribution, as isthestandard in dedicated to the protection of to become a favorite among the private sector. Proposition 13 and the advancement fashlonmtas for their ability . , , Second, we must more strictly of taxpayers' rights, to easily transition between . define those who qualify for the seasons. This fall, Hanes It was 20th-century French air force brigadier, general and Girl Baby Names R.F.D. by Mike Marland introduced Hanes Silk geopolitician -- and bearer of the nickname father of the French 11 T n'Ls-r _ Reflections Sheer Tights, a new atom bomb" ,- Pierre Marie Gallois who made the following sage IN , iK, / IIF41P' a , !nnovation in tights that. i'esults observation: If you put tomfoolery into a computer nothing comes [ ii ,n luxur,ously soft, beaut,fu! legs out of it but tomfoolery. But this tomfoolery, having passed through 1. Emma 'I I year rouna, aperrec[ SOlUtion " a veryexpensivemachine, is somehow ennobled and no one dares I 2. L,a 1 I for seasonless dressing. Thecriticize it." bghts feature a control top panty . 1"or" smoother curves and" ' added Gravity makes you shorter ,t s true: gravity compresses your I 3. M~.O. | I " spine"inaweightlessenvirnment'yuwuldbe2t3inchestaller I 4. Chic6 I I co .naence.. .... than you are here on Earth. /nese Tasn,on /orwara . . "" I s"Cam, me I I j ti hts ar il -le in blac" You might be surpnsed to learn that the first ceflmg fan was :E~ Visitg www.haneshoslery.com.e ava aD K ntle-rown ranite nude an" introduced way back in the 1860s The lack of electricity was no I 6. I ge D , g , a olum To find a retailer, vou can deterrent; the device was powered by a stream of running water.II 7. Lo|a_ ,I -.. " - When the bubonic plague, more commonly known as the Black Death, was at its peak in , I8, Louise ql=4e ~,= --1 Europe in the 14th century, a I 9. Oc6ane I by Linda Thistle IX' ,fl__ JrOSSWOrO. . wideprescribed,Variety includingf remedieSsmokingWaS [ 10. Lilou [ ACROSS T-- 9-- fi tobacco, bringing spiders into the I Source: I 1 Emulated " " nch I ww~:BabyNameJ]k "::::~" ~ I Michael E "=-~ ~ l-Z- ---- household, mhahng the ste Facts.tom ";~'~'~ ,-~ .... 1 4 Phelps ~5 ~7 from a latrine, sitting between 5 Goya's two large fires, drinking red wine h 8 7 1 9 1 7 1 7 7 6 4 4 6 4 7 Place a number in the empty boxes in such a way that each row across, each column down and each small 9-box square contains all of the numbers from one to nine. DIFFICULTY THIS WEEK: * * Moderate ** Challenging * ** HOO BOY! 2010 King Features Synd., Inc. "Duchess of --" 9 URL bit 12 Incite 13 Fly high 14 Sapporo sash 15 26-Down attendee 17 Tear 18 "The Usual Suspects" actor 19 Identifies 21 Fire 22 Memorable mission 24 Feedbag fill 51 27 Carte lead-in 52 28 Former larva 31 "A pox upon 53 thee!" 54 32 Beleaguered 55 spacecraft 56 33 Turf 34 Envelope feature 36 "Bleah!" 37 "F' heaven's sake!" 38 Sign of life 40 "- what?" 41 Form 43 Opening remark? 47 The girl 48 26-Down attendee 18 22 50 Illustrations Reed instru- ment Protracted Possibly will Require Ostriches' kin DOWN 1 Addition problems 2 Enclose 3 City of India 4 Groups' havens 5 Wan 6 Mauna- 7 Tavern 8 Action venue 9 26-Down attendee 35 Young dog 10 Theater 37 Nudge trophy 39 Dealership 11 Gratuities dud 16 Whammy 40 Vast 20 Pump up the expanse volume 41 Counterfeit 22 26-Down 42 Wife of Zeus attendee 43 Molt 23 Caprice 44 Teensy bit 24 Askew 45 Waiter's 25 Have a bughandout 26 Wonderland46 Work event measures 27 Writer 49 Honest Kingsley politician 29 "The Raven" 50 Anonymous man John 30 Wood- working tool @ 2010 King Features Synd., Inc. in which new steel had been cooled, and bathing in goat urine. Those who study such things say that women are better at identifying smells than men are. In 1994, Singapore banned the importation and sale of chewing gum. Ten years later, lawmakers added a revision: Gum that has "therapeutic value" is now allowed. Over the past year, in the United States lottery sales have increased by a whopping $1 billion. Human skin is about 70 percent water, and the human brain is 80 percent water. Thought for the Day: "All living souls welcome whatever they are ready to cope with; all else they ignore, or pronounce to be monstrous and wrong, or deny to be possible." -- George Santayana (c) 2010 King Features Synd., Inc. It's a delightful thing to think of perfection; but it's vastly more amusing to talk of errors and absurdities. -- Fanny Burney @ 2010 by King Features Syndicate, Inc. World rights reserved. -- [Q g Crossword - Answers Solution time: 25 Tins. S U i Z J (3 V d I --- Weekly SUDOKU -- Answer 6 g Z L 9 $9 6EL8 LgLg 6 S6LLg9 gL6 9SL L9Sg L6 g6 sLggL 9LL68 5 Z 9 L g 6