Re: CA State Park Closures still stumbling forward
Posted: Sat Jul 09, 2011 5:05 pm
The irony is that the CA pension plan has very good investment power (since it is so large), and gets really good returns on the invested $$.
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MoapaPk wrote:The irony is that the CA pension plan has very good investment power (since it is so large), and gets really good returns on the invested $$.
Bubba Suess wrote:MoapaPk wrote:The irony is that the CA pension plan has very good investment power (since it is so large), and gets really good returns on the invested $$.
Made even more ironic that it has very poor investment wisdom. Calpers lost over 100 billion since 2007. I can't believe I have to help support this incompetence and see less than no benefit. The return on government dollars in CA is criminal.
MoapaPk wrote:The irony is that the CA pension plan has very good investment power (since it is so large), and gets really good returns on the invested $$.
Marmaduke wrote:A glimmer of hope: http://www.sonomanews.com/News-2011/Gov-signs-state-parks-bill/
Assemblymember Jared Huffman, D-San Rafael, a long-time champion of environmental causes, has focused his attention recently on efforts to keep open all of California’s 278 state parks. His latest bill, AB 1589, sailed through the Assembly’s Water, Parks and Wildlife Committee last week with bipartisan support.
The bill is aimed at establishing reliable and dedicated funding streams to support the state parks, much of which the legislature would not be able to touch in times of deficit.