San José Mayor Issues Statement on Retirement Reform Ballot Measure | PublicCEO

San José Mayor Issues Statement on Retirement Reform Ballot Measure | PublicCEO

Tonight on Gadfly Radio w/Martha, San Diego City Councilman Carl DeMaio, Tax Payer Advocate Richard Rider, CalWatchDog’s John Seiler, City Journal’s Ben Boychuk, and Nate Bradley of LEAP



Gadfly Radio Tonight, at 8 PM PT


Live Call in number: 1-818-602-4929 
August 9, 2011 Tonight live at 8PM PT:  Tonight on Gadfly Radio, Ben Boychuk of CA City Journal joins me as we talk with:  

City Councilman Carl DeMaio on his efforts to pass city legislation to reign in the fiscal crisis of San Diego and fix the unsustainable costs of the city’s public employees’ pensions and benefits.   

Richard Rider, San Diego Taxpayer advocate and president of San Diego Tax Fighters Group joins us on the real size of Govt debt when local, county, state and Federal Government debt are looked at all together.   

John Seiler has a new report posted up at CalWatchDog today on how the Market Crash Slams State Pension Funds.

Nate Bradley of LEAP (Law Enforcement Against Prohibition) on recent testimony he provided against California drug asset forfeiture laws.   

We’ll take your calls, questions and comments on the air at 1-818-602-4929.

I am a stand for liberty, freedom and prosperity for all people; a stand for vibrant and innovative small businesses that create jobs, that in the process of prospering, nurture and support creative and dynamic culture, in the work place, and in our personal lives. 

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It’s a pleasure to share this program with CalWatchDog‘s team of government policy watch dogs and the great investigative work they produce! 

Tuesday nights live, on Gadfly Radio in Southern California or where ever you are. California, the land of beauty and unlimited possibility because of the abundance of our greatest capital resource, our human resources, when we get it right.   Join us.

Or you can listen to a podcast later, if you miss the live call-in show by clicking on the white player to stream or the orange player to download and or subscribe to Gadfly on iTunes:



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“Unions like to portray such reforms as GOP assaults on labor, but Garden State Democrats are demonstrating that saving taxpayer money isn’t always partisan.”

Republican Governor Chris Christie of New Jersey and the state’s top two Democratic leaders struck a deal on Wednesday to modify public employee retirement and health benefits, which would save the state at least $122 billion over the next 30 years. Unions like to portray such reforms as GOP assaults on labor, but Garden State Democrats are demonstrating that saving taxpayer money isn’t always partisan.

Thanks to union giveaways by governors of both parties, New Jersey’s pension system is running a $54 billion unfunded liability. Joshua Rauh, a finance professor at Northwestern University’s business school, last year forecast that the system would go broke in 2018 without reform.

While the compromise with Democrats scales back Mr. Christie’s original proposal, it’s still a large step in the right direction. The deal would raise the retirement age for new workers to 65 from 62, and increase pension contributions to 7.5% from 5.5% for state workers and to 10% from 8.5% for public safety officers. The legislation would also suspend annual cost of living adjustments until the fund reaches a more healthy status. This provision alone could reduce retirees’ pension value by 30% over the next decade. TEXT

Tonight on Gadfly Radio w/ Martha Montelongo and CalWatchDog’s John Seiler on CA Government

Gadfly Radio Tonight, at 8 PM PT

Live Call in number: 1-818-602-4929

 Tired of the propaganda mainstream media machine that agitates, divides, obfuscates, distorts, ignores and or sensationalizes news to keep you polarized and frozen in your corner?  Unplug from the “matrix” and tune in to a program that presents reason, analysis, discussion, possibilities and ideas.

Tonight, meet Adam Kokesh, a former U.S. State Marine, and now the host of a new program on RT America on the Air, Monday through Friday, 7 PM ET, and the shows are archived and available at Adam vs the Man.    He’s unplugged from the “matrix” and is bringing it to the man, and wants to bring people together, to be effective against “the man.”  He takes on the issues you don’t hear discussed in mainstream news media, including the Fed, the War on Drugs,  and the Warfare/Welfare State, and is firmly rooted in the principles of and committed to advancing liberty.

John Seiler of CalWatchDog joins us to talk about some of his latest posts at CalWatchDog.com:
Arnold’s Back — Crass as Ever
Gov. Jerry’s Pension ‘Reform’ Joke
Tuesday, April 19th, 2011

Government’s Favorite Day 
Monday, April 18th, 2011

CA Business Exodus Accelerates
Thursday, April 14th, 2011

CA Court Rejects Pension Reform
Thursday, April 14th, 2011

Will July CA Tax Cuts Spur Recovery?
Thursday, April 14th, 2011

Atlas Shrugged Premiered this past weekend, and we’ll talk about it with John.   Steven Greenhut wrote a thoughtful review of the film, posted at CalWatchdog.com
Join us Tuesday nights, on Gadfly Radio live in Southern California or where ever you are. No matter how bad things are, California is a land of beauty and unlimited possibility because of the abundance of our greatest capital resource, our human resources, if we can get it right.   Join us.
To listen to a podcast later, if you missed the live call in show:
 

The $2 Trillion Public Pension Hole: Promised pensions benefits for public-sector employees represent a massive overhang that threatens the financial future of many cities and states.

Californians for Pension Reform calls this article”an excellent overview of the nation’s escalating public pension disaster.

LIKE A CALIFORNIA WILDFIRE, populist rage burns over bloated executive compensation and unrepentant avarice on Wall Street.

Deserving as these targets may or may not be, most Americans have ignored at their own peril a far bigger pocket of privilege — the lush pensions that the 23 million active and retired state and local public employees, from cops and garbage collectors to city managers and teachers, have wangled from taxpayers.
Click here to read more…

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