Thanks Dave, for sending me the link to this ongoing discussion about the Pension Time Bomb.
Robert Kiyosaki, entrepreneur, author, and radio show host, just published his latest book (co-author Ed Siedle) in January, “Who Stole My Pension? How You Can Stop the Looting” .
In this five radio part series, he speaks with his co-author, Ed Siedle, and his local city council member Sal DiCiccio (Phoenix, AR) how public pensions are ruining our economy.
Kiyosaki states what should be obvious, “This pension thing is very suppressed, people don’t know much about it. If you think COVID is big, the pension failure will be bigger.”
Yes, we’re being misled as to the enormity of the problem by public $taffers that put their own interests first. Chico City Manager Mark Orme and his Ass City Mangler Chris Constantin, along with “Services Director” Scott Dowell, have walked a tight rope – they tell us we need more revenues but they won’t say why. Even when they tell us that revenues have been ahead of budget, they keep saying we don’t have enough money to maintain infrastructure. If you pay attention, you see what Kiyosaki and his guests are saying – the city gets more revenue every year, but it’s just never enough.
Phoenix AR council member Sal DiCiccio says it very plainly. “If you see more revenues coming in to your city, and you keep wondering why your roads are looking like crap, and you believe you’re not getting the type of services you should be getting, it’s the pensions. Every city and state is on the same plan. Phoenix is a growing economy but we still have crappy roads because more and more money is being sucked into government pensions.”
Regardless of whether you live in a “right to work state“, DiCiccio explains, the unions elect all the politicians, putting millions into elections every year. In Chico the biggest donors are the Chico Police Officers Association and the Service Employees International Union – SEIU was the biggest single contributor to CARD’s ill-fated Measure A, and CPOA president Jim Parrott ran the campaign pac.
DiCiccio says “We’re becoming a pension machine, and they’re making the cities unliveable.” Next time we’ll talk about why. And get ready for the next installment in Kiyosaki’s series – “Kentucky Fried Pensions.” You can see more at his website,
Chico Taxpayers Association 
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