Gov. Brown’s 2002 quote best explains PERS failure

By Self Serving Politicians Are Driving Oregon Into Bankruptcy Coalition,

Kate Brown said “PERS ought to be fixed but now is not the time…” (Oregonian September 8, 2002)

That was in 2002, when PERS was only $4 billion in the hole.

Now 15 years later, PERS is more than $22 billion in the hole!

Since becoming Governor, Kate Brown hasn’t introduced a single piece of legislation or hosted even one public meeting to solicit solutions.

“We are standing at the very precipice of financial devastation that threatens the heart of public school funding, public safety, our decaying roads and bridges, and health and human services. That’s why The Self Serving Politicians Are Driving Oregon Into Bankruptcy Coalition came together”, according to former legislator and spokesman Jeff Kropf. “In order to fix the PERS crisis we have to first come to terms with whom and what caused it. That’s the purpose of our research.”

This coalition of six Oregon public policy organizations is investigating the conduct of public officials and their role in creating the Public Employee Pension disaster. The coalition is conducting a statewide educational ad campaign reaching hundreds of thousands of Oregonians.

The Coalitions members are: Oregon Capitol Watch, Taxpayer Association of Oregon, Oregon Freedom Foundation, Taxpayer Defense Fund, Oregon Citizens Lobby, Oregon Tax Foundation, Oregon Liberty Coalition and Oregon Transparency Project.

Read more about Governor Brown and the PERS crisis at Oregon Ponzi Scheme .com

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  • Bob Clark

    Trump’s got some mojo going for the stock market as it hits another record high since his election, and one of the many ironies is the higher and faster stocks go; the lower the PERS deficit becomes. That is, until the market corrects back to a mean long term price trajectory; which by my calculations would have it about 8% lower than it is currently.
    I personally am alright with cutting back some of my entitlements like social security (a lower inflation metric) and even would be ok with a higher gasoline tax to fund road congestion relief measures, as it would help reduce our dependence on government and make us individually pull more of our own weight. It’s a kick in the pants of sort, but we do seem to have become a bit complacent as a country.
    So, Trump is a bit of a kick in the pants to our complacency and boy it ain’t going over very well in the cesspool reporting corp.

    • David Clark

      Of course any gas tax will find its way to transit, toy trains, and bikes.

      • Rob N Oregon

        yeah jsut like the invasive species charge disapeared, the columbia river basin charge to fishing licenses and a host of other fee’s. the columbia basis surcharge was supposed to only last thru 2016 but here its 2017 and they are still charging for it. where did the millions upon millions of dollars that came from that surcharge go?

    • MoeY

      And, I have no problem with you, if you have no problem with paying a little more for gas and getting a little less in SS, for you to write check to the state for the taxes you do not mind increasing. 11% of the price of our gas goes to the state coffers for the upkeep of our roads. The fact is, that it does not all go to this upkeep. It goes to whatever the state deems necessary to keep up their unbridled spending. Or, if you want to pay more for taxes, how about we raise all the taxes in the blue parts of the state, seeing as how they are the people that gave us this sorry excuse of an administration. Just write the state a check and make it out to the state treasurer, and tell them where you want the monies to go. I am sure they will honor your request. As for me, I am taxed way too much as it is.

      • Rob N Oregon

        you are correct did you know that we are taking in more tax money then ever in the history of oregon? did you know we could fully meet our budget and have to give the tax payers back some money in a kicker if brown was not adding new programs left and right? that is right we are not in a budget deficiet the only reason we are 1.6 billion shy is because she wants new programs to pay for illegal immigrant health care and things like that. brown needs removed from office !

        • MoeY

          I agree with everything you just stated. Especially the last sentence. She is worse that Kitzhaber if that is possible. I like that they are blaming the shortfall on the voters for passing some of the measures in the last cou[le elections, and the one thing I agree with them on, is PERS is ruining this state. But, do they want to do anything about it? Heck no.

  • Rob N Oregon

    maybe our state going bankrupt is the best thing for it. then we can ditch the liberal pond scum that runs this state, tell all the people on pers tough luck pers should have never been passed into law because it was a conflict of interest for the people who voted it in. offer them a meager pension with no special benefits and tell them to take it or leave it because they will lose everything if they refuse to accept it!

    • Patriot

      good solution! You go ahead and tell the cops and firemen who put their lives on the line to go f off! after all they are only risking their lives. Exactly what do you do???????