Monday, August 18, 2014

Ro Khanna: 'Chuck Reed is an American Hero'

San Jose Mayor Chuck Reed
CONGRESS | 17TH DISTRICT | Any illusions Ro Khanna is a progressive may have been erased with an endorsement Monday from public employee pension crusader and San Jose Mayor Chuck Reed.

Reed’s endorsement may signal a move by Khanna’s campaign to accentuate his credentials to moderate voters. However, it does little to lure progressives away from Honda and, more likely, emboldens their support for the incumbent who was rated this year one of the most liberal members of Congress, according to rankings from the National Journal. Honda, Khanna and Reed are all Democrats.

Furthermore, these types of announcements are typically notable for what the endorser says about the candidate. Not so in this case. “Chuck Reed is an American hero and I’m truly honored to have his endorsement,” said Khanna. “Mayor Reed’s willingness to choose what’s best in the long term over what’s most politically expedient makes him a rare public servant. His endorsement reflects the growing consensus that the 17th district simply can’t afford Congressman Honda’s ineffectiveness any longer.”

Despite an earlier and significant fundraising advantage, Khanna is currently in an uphill battle this November. The district, which covers portions of Fremont to San Jose, gave Honda a strong 21-point victory over Khanna and two Republican challengers in the June primary.


Love Chuck Reed.

Chuck for Gov. in 2018!

Honda "one of the most liberal members of Congress"

Just what the economic engine of Silicon Valley needs to champion its needs.
A congressman who has reached the point of being in the twilight of his career, who is not up with modern technology, and who fancies himself as "one of the most liberal members of Congress"....

Sure, if you want another term for the Starks, the Corbetts, the SF Board of Supes, and their brand of government and pension leaps, then by all means, re-elect Honda.

Pay no attention to the reality of pension obligations into the future. Never mind the gigantic leaps in pension rates that took place from 1999 to 2007. Somewhere, some how, someone will pay for it down the road.

Example... Oakland, overnight, jacked up their pensions by 35%... and made it retroactive for all prior years of service.
A employee who had worked 29 years, 11 months, expecting to get a generous 60% pension after retiring at 30 years, needed to only stay on the job 1 extra month, to have his pension go from 60% to 81% of his highest years salary.

Typical workers making $75,000 expecting to get a $45,000 pension, plus savings, overnight got a $60,750 pension, even though not one more dollar had been put aside by the worker or the city. With that average worker living 23 years in retirement, that was like giving him/her a $362,000 Golden Parachute, no promised in any of his earlier contracts.
Funds to come from "magic money"...down the road.

Some employees like Deborah Edgerly, ended up with what amounts to a Golden Parachute of overe $1,000,000 if they live their expected life expectancy.

So Chuck Reed speaks up about this and public employee labor unions jump all over him.
Even though all prior earned retirement credits would not be affected.
The public is being fleeced.

One last example. A individual I know very well over over 40 years. Was a fire captain in a Bay Area city. Highest "normal" pay in his final highest years was just under $115K.
The very first year of his retirement was just over $140K
that was about 3 years ago. Now his pension is $147K and he is only just turned 60.
These facts are verified on public information sites.

Again, the general public doesn't know all the true facts and unions scream and shout when Chuck Reed mentions any of it.

Ro Kahnna is desperate because the polls show him losing badly...He has no principals!

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