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Cisco Systems, Inc. Message Board

son_of_sam_was_a_democrat 6 posts  |  Last Activity: Dec 20, 2014 3:23 PM Member since: Aug 31, 2001
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  • son_of_sam_was_a_democrat son_of_sam_was_a_democrat Dec 20, 2014 3:23 PM Flag

    Nevery underestimate the voting power of more than 20 million illegal aliens and hundreds of thousands of Syrians, hundreds of thousands of middle easterners and Cuban communists that Obama is importing into the USA.and giving them welfare insuring they depend on the demoncrat party for the welfare goodies.

  • WHEN THE GOVT CONFISCATES YOUR SOCIAL SECURITY MONEY AND PUTS AN IOU in its place when it is time to pay back the goverment pays you ZERO INTEREST. Since the goverment has been printing money like crazy they are ripping off retirees because when it is time to pay back the IOUs they will be paying back the IOU with ZERO INTEREST and with dollars that have significantly less buying power than the dollars they raided.

  • son_of_sam_was_a_democrat son_of_sam_was_a_democrat Dec 20, 2014 3:12 PM Flag

    The California Public Employees Retirement System (CalPERS) just admitted that the state-managed pension plan, that provides retirement for the state and almost 1,600 local government agencies, is 52% underfunded and will be forced to jack up taxpayer-funded contribution rates by about $1.518 billion.

    But this increase will still leave the pension plan $986.1 billion underfunded. To adequately fund pensions, the state and local governments need to more than quadruple annual taxpayer-funded contributions by $11.3 billion.

    As the nation’s largest public employee pension plan, CalPERS stands out as the most irresponsible for having failed to prevent government pension spiking and for not forcing their government clients to pay for the spikes. But the pension fund’s $277.2 billion of investments leaves a $144.3 billion unfunded debt to cover 1.6 million state employees and retirees’ pensions, according to CalPERS’ October 31, 2013 report. California public employees now enjoy the highest benefits of any state in the nation. To pretend to fund this largess, CalPERS has become the worst “outlier” among public pension plans in using creative accounting to blur their grossly underfunded status. This has allowed its government clients to short-check their annual payment for the nation’s most lucrative pension benefits.

    CalPERS creatively makes the “assumption” it will have 30 years to compound investment returns to fund their 52% funding shortfall to pay for the retirement of “current” employees. CalPERS then guesstimates they will compound investment returns every one of those 30 years at a 7.5% rate. This allows CalPERS to “assume” investments will grow by over 900% in 30 years. SRC: breitbart

  • FORD India Recalling 20,752 EcoSport Cars to fix Fuel Vapor Line Corrosion Problems and Fix Airbag Issue

  • "Sales of Ford Motor (NYSE:F) and General Motors (NYSE:GM) cars in Europe weakened in November despite a rise in overall number of vehicles sold there, losing market share to Volkswagen."

    source IBD. Read entire news article by clicking on Ford stock chart on this page and looking for Headline: "GM, Ford Woes Continue As Sales Weaken In Europe"

  • son_of_sam_was_a_democrat son_of_sam_was_a_democrat Dec 16, 2014 12:24 AM Flag

    Obama is not spending his own personal money to import Syrian moslems. Taxpayer money is being spent so Obam is flying Syrians into USA first class. An elite Obama imigrant welfare tiger team will be waiting for the Syrians to give them immediate welfare and voting rights the same way Obama gave the Tsarnaev brothers welfare and voting rights even after Russia informed Obama that the Tsarnaev brothers were terorists. The Tsarnaev brothers bombed the Boston Marathon.

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