By John A. Charles, Jr.
Syndicated financial writer Malcolm Berko recently advised a small investor to stay away from Greek bonds or securities. He wrote, “Greece has morphed into a bureaucratic five-star welfare state; but in reality, Greece is a one-star economy. The pensions and entitlements consume 52 percent of government income.”
Well, TriMet’s most recent audited financial statement was released in September, and last year TriMet’s “income” – money earned from customers buying rides, advertising, or services – totaled $153.4 million. The cost of fringe benefits such as pensions and health insurance equaled $166.8 million, or 109% of income.
But the actual problem at TriMet is far worse, because most of the obligations for pensions and other benefits don’t show up as current-year expenses. They appear in financial statements as accrued liabilities that have to be paid off sometime in the future. Continue reading
Posted in Local Taxes, Oregon Government, Portland, Portland Politics, Public Transportation, State Government, State Taxes, Taxes, Transparency, TriMet, Unions
Tagged Greece, Malcolm Berko, OPEB, TriMet
Oregon Family Council
Respected Circuit Judge, Vance Day is the subject of a “judicial fitness” investigation that is bordering on the bizarre. It stems from the decision to recuse himself from officiating future marriages, man-woman or same-sex. He felt it was an impartial solution to honor his faith beliefs following Oregon’s legalization of same-sex marriage. As a result, critics have launched an assault on Judge Day with outlandish assertions that include honoring Adolf Hitler in a US Veteran’s Memorial.
Read about the story here and here. Continue reading
Reagan Dinner 2015
Keynote Speakers: Peggy Grande (Ronald Reagan staff) & Wayne Allyn Root (author)
Celebrating the 35th Anniversary of Ronald Reagan winning the Presidency
Presented By The Republican Party Of Washington County.
Thursday, November 5
6:00 – 9:00 p.m. Embassy Suites, Tanasbourne
Register before September 30 for $75. Late registration open until October 31 for $125. Continue reading
by Dan Lucas
There is some ignorant, misleading reporting by Juliet Eilperin in her article yesterday in the Washington Post. She writes that President Obama is using the recent shooting in Oregon to justify “circumventing Congress with his executive authority and imposing new background-check requirements for buyers.”
Her article should have pointed out that Oregon ALREADY HAS background checks on ALL gun purchases! Continue reading
By Jason Williams
(Williams is the co-founder of the Taxpayer Association, OregonWatchdog)
My heart just sank when I saw the image of that little Syrian refugee boy who washed ashore trying to flee the Middle East catastrophe.
Instead of telling other people what to do I have decided to ask myself “What can I do?”
Help me go to Iraq
As a result, I have enlisted with a local Oregon church to go Northern Iraq to serve refugees in the Kurdish community of Soran.
by Jeff Anderson
Ignoring the deaths of thousands while at the same time exploiting the deaths of a handful is not the answer
Solving the problem will never happen if we continue to misidentify the problem.
Facts are available, statistics are clear and yet many jump on a popular bandwagon of achieving a goal while pretending to be solving a problem.
I am very open to a discussion on how we can reduce mass school / theatre shootings. Continue reading
by NW Spotlight
Salem, OR—Sen. Doug Whitsett (R-Klamath Falls) filed for re-election to the Oregon Senate on Wednesday, Oct. 7.
Sen. Whitsett has represented Senate District 28 since 2005. The district includes Klamath, Crook, Lake, southern Deschutes and portions of Jackson counties.
He has served on the budget-writing Ways and Means Committee since 2005 and was recently assigned to the Senate Environment and Natural Resources Committee.
“I’m looking forward to continued discussions and support of issues that are important to our constituents in rural Oregon,” Sen. Whitsett said. Continue reading