OT Aguirres Last Play

[SD Realtor]

Yeah you have to figure that if Aguirre had played his cards right he really could have championed this cause and perhaps pulled it off. However he just was a prick to everyone. I forgot the stat but the guy like had a HUGE turnover in his own office! He chased away many a city attorney and that certainly could not have helped.

Still at the very least he did bring the case to the courts. Of course our wonderful judicial system in thier peculiar wisdom found that the benefits were indeed not illegal. How that finding was made is very much beyond me but I guess that is why I am not an attorney. The final nail in this coffin is that the unions pretty much have a deathgrip on the city council. The only member I have any faith in is Carl De Mayo (probably misspelled). The rest of them all suck.

I forgot the original whistle blowers name but her husband ran for mayor and basically his platform was to declare bankruptcy then. He was the same guy who went through the Orange County bankruptcy. To bad people with good ideas either lose miserably or are aholes like Aguirre. As lame as he was I still did vote for him in a losing cause.

Pretty funny because we have tons and tons of OT posts here but really local city politics may affect San Diegans more then national issues but nobody seems to care much.

[urbanrealtor]

It may have been that the rules governing the pension voting were stupid. So I pass no judgment on the courts themselves.

However, you have a point about the failure of the lone voices to either be taken seriously or to get along.

I also voted for him.

I think the stat was like 50% of his staff.

Bummer.

[urbanrealtor]

It may have been that the rules governing the pension voting were stupid. So I pass no judgment on the courts themselves.

However, you have a point about the failure of the lone voices to either be taken seriously or to get along.

I also voted for him.

I think the stat was like 50% of his staff.

Bummer.

[urbanrealtor]

It may have been that the rules governing the pension voting were stupid. So I pass no judgment on the courts themselves.

However, you have a point about the failure of the lone voices to either be taken seriously or to get along.

I also voted for him.

I think the stat was like 50% of his staff.

Bummer.

[urbanrealtor]

It may have been that the rules governing the pension voting were stupid. So I pass no judgment on the courts themselves.

However, you have a point about the failure of the lone voices to either be taken seriously or to get along.

I also voted for him.

I think the stat was like 50% of his staff.

Bummer.

[urbanrealtor]

It may have been that the rules governing the pension voting were stupid. So I pass no judgment on the courts themselves.

However, you have a point about the failure of the lone voices to either be taken seriously or to get along.

I also voted for him.

I think the stat was like 50% of his staff.

Bummer.

[SD Realtor]

Yeah I cannot recall ANYBODY besides the original whistleblower and him really doing anything about the problem. Even to this very day….

Really it is quite laughable that the city can come up with the billions needed to catch the pension up. That is just the pension! Jeez 8% a year on 1B is 80 MILLION CLAMS. A YEAR… I mean the numbers are just so out of whack it is really laughable.

How anyone cannot look at that and simply laugh at is beyond me.

Don’t worry though, I am sure that before the knuckleheads decide to throw in the towel and declare bankruptcy they will raise taxes, pay some consultants for expensive studies, and waste a good deal more money before they go, “Gee looks like we cannot solve this problem.”

Real men of genius.

[SD Realtor]

Yeah I cannot recall ANYBODY besides the original whistleblower and him really doing anything about the problem. Even to this very day….

Really it is quite laughable that the city can come up with the billions needed to catch the pension up. That is just the pension! Jeez 8% a year on 1B is 80 MILLION CLAMS. A YEAR… I mean the numbers are just so out of whack it is really laughable.

How anyone cannot look at that and simply laugh at is beyond me.

Don’t worry though, I am sure that before the knuckleheads decide to throw in the towel and declare bankruptcy they will raise taxes, pay some consultants for expensive studies, and waste a good deal more money before they go, “Gee looks like we cannot solve this problem.”

Real men of genius.

[SD Realtor]

Yeah I cannot recall ANYBODY besides the original whistleblower and him really doing anything about the problem. Even to this very day….

Really it is quite laughable that the city can come up with the billions needed to catch the pension up. That is just the pension! Jeez 8% a year on 1B is 80 MILLION CLAMS. A YEAR… I mean the numbers are just so out of whack it is really laughable.

How anyone cannot look at that and simply laugh at is beyond me.

Don’t worry though, I am sure that before the knuckleheads decide to throw in the towel and declare bankruptcy they will raise taxes, pay some consultants for expensive studies, and waste a good deal more money before they go, “Gee looks like we cannot solve this problem.”

Real men of genius.

[SD Realtor]

Yeah I cannot recall ANYBODY besides the original whistleblower and him really doing anything about the problem. Even to this very day….

Really it is quite laughable that the city can come up with the billions needed to catch the pension up. That is just the pension! Jeez 8% a year on 1B is 80 MILLION CLAMS. A YEAR… I mean the numbers are just so out of whack it is really laughable.

How anyone cannot look at that and simply laugh at is beyond me.

Don’t worry though, I am sure that before the knuckleheads decide to throw in the towel and declare bankruptcy they will raise taxes, pay some consultants for expensive studies, and waste a good deal more money before they go, “Gee looks like we cannot solve this problem.”

Real men of genius.

[SD Realtor]

Yeah I cannot recall ANYBODY besides the original whistleblower and him really doing anything about the problem. Even to this very day….

Really it is quite laughable that the city can come up with the billions needed to catch the pension up. That is just the pension! Jeez 8% a year on 1B is 80 MILLION CLAMS. A YEAR… I mean the numbers are just so out of whack it is really laughable.

How anyone cannot look at that and simply laugh at is beyond me.

Don’t worry though, I am sure that before the knuckleheads decide to throw in the towel and declare bankruptcy they will raise taxes, pay some consultants for expensive studies, and waste a good deal more money before they go, “Gee looks like we cannot solve this problem.”

Real men of genius.

[EconProf]

San Diego city finances are soooo screwed, and accordingly, so are taxpayers within city limits.
The original whistleblower you refer to is Shipione, an accountant, and her husband, equally vocal about the coming debacle, is Pat Shea, an attorney.
The looming fiscal train wreck for San Diego is still greatly underrated in magnitude due to my favorite niche subject: time lags. Several time lags are at work here which, when combined, will drop a grenade into the city council’s little party. One time lag is the reporting and recognition delay between the portfolio deterioration of the pension fund the end-of-reporting-period publication. Apply mark-to-market rules to today’s holdings and the pension fund is way underfunded relative to its promises.
Another unremarked lag comes from RE values falling and thus future property tax revenues falling as owners flood the county with assessment appeals. That lag is years long, and will slam county and school districts as well.
Yes, you can blame Peters, Manshaim (sp), and Atkins for this, all still in power, all still bobbing and weaving to dodge responsibility. The Union Tribune has been pretty decent about reporting the shennanigans over the years, but the public employee unions run the city.
Carl DeMaio is the one hope on the city council. Long a critic of city finances, he is conservative and one smart guy. Too bad April Boling, another critic and an accountant, lost to airhead Marti Emerald.

[EconProf]

San Diego city finances are soooo screwed, and accordingly, so are taxpayers within city limits.
The original whistleblower you refer to is Shipione, an accountant, and her husband, equally vocal about the coming debacle, is Pat Shea, an attorney.
The looming fiscal train wreck for San Diego is still greatly underrated in magnitude due to my favorite niche subject: time lags. Several time lags are at work here which, when combined, will drop a grenade into the city council’s little party. One time lag is the reporting and recognition delay between the portfolio deterioration of the pension fund the end-of-reporting-period publication. Apply mark-to-market rules to today’s holdings and the pension fund is way underfunded relative to its promises.
Another unremarked lag comes from RE values falling and thus future property tax revenues falling as owners flood the county with assessment appeals. That lag is years long, and will slam county and school districts as well.
Yes, you can blame Peters, Manshaim (sp), and Atkins for this, all still in power, all still bobbing and weaving to dodge responsibility. The Union Tribune has been pretty decent about reporting the shennanigans over the years, but the public employee unions run the city.
Carl DeMaio is the one hope on the city council. Long a critic of city finances, he is conservative and one smart guy. Too bad April Boling, another critic and an accountant, lost to airhead Marti Emerald.

[EconProf]

San Diego city finances are soooo screwed, and accordingly, so are taxpayers within city limits.
The original whistleblower you refer to is Shipione, an accountant, and her husband, equally vocal about the coming debacle, is Pat Shea, an attorney.
The looming fiscal train wreck for San Diego is still greatly underrated in magnitude due to my favorite niche subject: time lags. Several time lags are at work here which, when combined, will drop a grenade into the city council’s little party. One time lag is the reporting and recognition delay between the portfolio deterioration of the pension fund the end-of-reporting-period publication. Apply mark-to-market rules to today’s holdings and the pension fund is way underfunded relative to its promises.
Another unremarked lag comes from RE values falling and thus future property tax revenues falling as owners flood the county with assessment appeals. That lag is years long, and will slam county and school districts as well.
Yes, you can blame Peters, Manshaim (sp), and Atkins for this, all still in power, all still bobbing and weaving to dodge responsibility. The Union Tribune has been pretty decent about reporting the shennanigans over the years, but the public employee unions run the city.
Carl DeMaio is the one hope on the city council. Long a critic of city finances, he is conservative and one smart guy. Too bad April Boling, another critic and an accountant, lost to airhead Marti Emerald.

[EconProf]

San Diego city finances are soooo screwed, and accordingly, so are taxpayers within city limits.
The original whistleblower you refer to is Shipione, an accountant, and her husband, equally vocal about the coming debacle, is Pat Shea, an attorney.
The looming fiscal train wreck for San Diego is still greatly underrated in magnitude due to my favorite niche subject: time lags. Several time lags are at work here which, when combined, will drop a grenade into the city council’s little party. One time lag is the reporting and recognition delay between the portfolio deterioration of the pension fund the end-of-reporting-period publication. Apply mark-to-market rules to today’s holdings and the pension fund is way underfunded relative to its promises.
Another unremarked lag comes from RE values falling and thus future property tax revenues falling as owners flood the county with assessment appeals. That lag is years long, and will slam county and school districts as well.
Yes, you can blame Peters, Manshaim (sp), and Atkins for this, all still in power, all still bobbing and weaving to dodge responsibility. The Union Tribune has been pretty decent about reporting the shennanigans over the years, but the public employee unions run the city.
Carl DeMaio is the one hope on the city council. Long a critic of city finances, he is conservative and one smart guy. Too bad April Boling, another critic and an accountant, lost to airhead Marti Emerald.

[Author]

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