Category: Public employee unions

Innumeracy precedes insolvency: Part 4, those who obstruct, expire

7 December, 2012 (10:05) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, Public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   Now, after three parts, we come to the piece’s true villain, as the material already presented from an extensive story in Reuters (November 13, 2012) has established that elected innumeracy led to public-employee overpayment, which led to […]

Innumeracy precedes insolvency: Part 3, those who obfuscate, obstruct

6 December, 2012 (09:30) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, Public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   As we saw in yesterday’s Part 2, based on a clinical Reuters (November 13, 2012) story, if the only consequence of grossly over-benefiting the public employees of San Bernardino were to overpay them, then it would be excessive and nothing […]

Innumeracy precedes insolvency: Part 2, those who overspend, obfuscate

5 December, 2012 (09:30) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, Public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on the San Bernardino bankruptcy filing, using a thorough Reuters (November 13, 2012) story as source material, had reached the finding that innumeracy always precedes insolvency … and platforms us to dive deeply into the deceitful cabal (elected officials, public employee unions, and […]

Innumeracy precedes insolvency: Part 1, Those who can’t count, overspend

4 December, 2012 (13:57) | Bankruptcy, California, CalPERS, Cities, Local issues, Proposition 13, Public employee unions, Real estate taxes, San Bernardino, Subprime |

By:David A. Smith   As California cities one by one drop into bankruptcy like leaves falling from a decayed tree, each fluttering filing reveals, like a vinous nervous system, another tale of malfeasance, chicanery, and connivance to deceive the public, such as poor poor pitiful San Bernardino, whose slide to fiscal doom was lubricated by […]