Oh Gawd, Here We Go Again!

January 18, 2013 in LAST OUNCE OF COURAGE, Liars, MA State and Local Pension Liability, Obama-Nomics

Another MA Governor is running for President and once again hopes to use  MA as a stepping stone. Deval like his good friend Barack Hussein Obama, who he visits frequently at the White House, is also a wealth redistribution Socialist.MA is the 4th highest taxed state in America and in the last decade folks voted with their feet and left the state in droves. Consequently we lost 1 Congressional seat.

Deval’s new Tax and Spend plan along with Obamacare, Increased Federal Spending and our MA structural corruption, is enough to make anyone want to exit MA. Our last shot at stopping this state’s 1-party corrupt machine is to elect a GOP Party Chairman on January 31, that can develop alternative political candidates that can challenge the outrageous confiscation of our hard earned treasure. Rick_IIIAs the following Blog post indicates,  there is a growing consensus that Rick Green is the man to turn around the  MassGOP and to champion Fiscal Responsibility,  Lower Taxes, smaller/less intrusive government and respect for personal freedom. YOU must contact your State Committeeman and State Committeewoman and urge them to vote for Rick Green.  You can also read more about Rick at http://www.rickgreenma.com/   Repost Courtesy of Rabid Republican Blog

Posted January 17th, 2013 by ironmike
I went to the MassGOP Chair forum in Lexington tonight.  I went to watch, to listen and to judge.Lexington Forum 17 Jan 13 I didn’t stay for the end – I didn’t need to.  OK, so I’m a judgmental old bastard, – combat and command will do that to a man. For better or worse, I now render judgment: I sincerely wish I could report that we have three sterling candidates.  We don’t.  We have just ONE. David D’Arcangelo is a good enough fellow from Malden – where he is a city counselor.  To his credit his opening salvo stressed the need for an urban strategy – and Republicans better listen to him on that. But, he makes excuses for where we lost races – without really addressing the obvious shortfalls, – and he in running on his ability to compromise.  Damnit – we’re not going to win the respect of independents until we stop compromising – and stand for Republican principles. Kristen Hughes is a long-term Merrimac Street volunteer and insider, once sang for Disney, was a key part of Scott Brown’s losing campaign, and was just elected to Quincy’s City Counsel. Her shortfalls are several – first and foremost she is almost a clone of Party Chair Barbie.  She does not command respect, and still has a little girl voice and giggle.  John Walsh will eat her alive. Her opening salvo – and first several answers were like cliché soup – and she used a lot of them. My eyeballs finally rolled when she said she’d heal the divides within our party with a ‘Unity Summit’.   OMG Kristen WTF do you think those quarterly MassGOP Committee meetings are supposed to be? So what are you going to do – toss some Pixie Dust and wave your magic wand?  By that point folks, – I was visualizing both John Walsh and Deval Patrick tossing her back and forth like a rag doll – or a Barbie Doll. A logistical issue she cannot overcome is being a brand new mother.  There is no way she can repair and rebuild our shattered party while caring for an infant.  Any feminist who says otherwise hasn’t given birth, – or gave her baby up for adoption.

THE GOOD NEWS:

I’d heard good stuff about Rick Green.  He turns out to be far better than I’d anticipated.  He has built his business from nothing to a $74 million / yearenterprise employing over 100 people.  That says a lot right there. Here’s the BEST PART!  He instinctively and easily talks like a Republican! He has a state-wide plan, – something that Nassour and Runty Maginn never did.  He knows we need to re-establish our brand! He’s willing to serve a minimum of 6 years [3 terms] – AND promises to leave a trained crew in place when he departs.  At THAT point my judgmental old mind was made up – he’s not in it for personal glory – he’s in it for his Country and his kids! He’s the only natural leader in the race.

OTHER NOTES:

Packed Hall right sideHughes brought with her a large Scott Brown cheering section.  To her this is a campaign – winning is important – and the fingers of Scott Brown are very visible. I hope to GOD we don’t become a Scott Brown party, – or we’ll be under 10% by the end of the year. I confronted Vice-Chair Momma Kangas again about the MassGOP’s lame website, and what did the MassGOP have to say about either Obama’s gun-grabbing or Deval’s gun-grabbing and insane budget – or his plan to make Heffernan a judge. I got a smart-assed answer “I’m the Vice-Chair, – I’m in charge of the vice!”  Jeanne, I told you I’d quote you if you didn’t give a thoughtful response. Muffy was there.  Her fleeting 10 seconds on national TV have come and gone – nobody is cozying up to her. Packed HallMy state committeeman Brian Burke,…wasn’t there.  No surprise. There was a goodly under-30 crowd.  Maybe there’s hope. The two state committee old-timers Helen and Sandy managed to pull the usual trick – holding the event in a room too small [they said they couldn’t get a school gym or auditorium?] – so the room was stuffed beyond what the Lexington FD would have allowed – it they’d seen it. – – – – – – If you live in Massachusetts – you better be on the horn to your twoCommittee Critters – and have them vote for Rick Green.  Otherwise it will be more of the same frustration and heartbreak, and more lame excuses after each election.

Read more at: http://rabidrepublicanblog.com/2013/01/17/oh-gawd-here-we-go-again/

Former state police commander retires at 58 and will collect a $163K tax-free disability pension

July 26, 2012 in Budget, Debt Crisis, MA, MA State and Local Pension Liability, Politics

Mass Taxpayers Going Over a cliff!

Our Massachusetts political machine  has done such a phenomenal job with Pension Reform, that Marian McGovern, who is retiring at 58 years of age will  retire with a mere $163,000/year pension.  Thanks go to  Governor Deval Patrick   for signing our  comprehensive pension reform legislation on November 18, 2011.

The Top 50 Cities and Towns in MA ( There are 296 towns and 13 Cities) have amassed $20B in Post Employment Benefits (OPEB) Liabilities. 

In 2011 41% of all of our state’s total Combined Debt and Pension Liability was due to Unfunded Pensions!

Folks, we simply must  thank and reward  the Governor and his and  Democrat Machine this November for the wonderful job they did with Pension Reform!!!

Former state police commander to collect tax-free disability pension

By Sean P. Murphy

 |  Globe Staff     July 26, 2012 

Marian McGovern has a heart condition that was diagnosed in 2009.

 Marian McGovern has a heart condition that was diagnosed in 2009.  

Marian J. McGovern, the recently retired commander of the State Police, has been approved for a tax-free disability pension because she suffers from a heart condition, a state police spokesman said, a designation that will boost her retirement pay by tens of thousands of dollars.McGovern, 58, of Marshfield, made no mention of her medical condition when announcing her retirement in June. On Wednesday, a State Police spokesman revealed that McGovern was diagnosed with a heart condition in 2009, before her appointment later that year as commander of the 2,200 officers and 400 civilian employees of the State Police.McGovern is the second State Police superintendent in eight years to receive a disability pension because of a heart condition.McGovern’s disability is based on a “diagnosis of a serious condition and its continued prognosis into the future,” spokesman David Procopio said. “The pension designation is completely merited by Colonel McGovern’s medical situation.”

 

McGovern, who retired after 33 years, earned $209,000 as superintendent, and her annual pension will be about $163,000 a year.

Normally, public pensions in Massachusetts are exempt from state income tax, but ordinarily subject to federal income tax. However, when the retiree also has a disability, the pension is also exempt from federal income taxes.

Based on calculations reviewed by several public pension specialists, McGovern may save about $25,000 a year in lower federal tax bills by receiving a disability pension, compared with a pension without disability, depending on her tax bracket.

McGovern’s disability pension was approved by a special three-member board, which reviews only State Police disability applications. All other disability applications across the state are handled by a panel of three independent doctors, but state law requires that State Police disabilities be reviewed by the state commissioner of public health, state surgeon, and State Police superintendent, or their designees.

In McGovern’s case, the State Police superintendent’s designee abstained from voting, Procopio said. The pension was approved by a 2 to 0 vote.

Procopio said McGovern’s condition will “require lifelong medication and management.”

He said he did not know whether diagnosis of McGovern’s heart condition limited or impacted in any way the performance of her duties after 2009. Asked whether State Police in general may continue to work with such a medical condition, he said decisions would be made on a case-by-case basis.

McGovern, a Worcester native, was appointed by Governor Deval Patrick. She was the first woman to achieve that rank. The new commander is Timothy P. Alben, a 30-year veteran.

McGovern’s disability retirement is not without precedent. In 2004, Thomas J. Foley retired at age 50 as State Police superintendent with a disability pension because of a heart condition.

Since then, Foley has run successfully for Governor’s Councilor and unsuccessfully for Worcester County sheriff. He also recently wrote a book about his 20 years of pursuit as a State Police investigator of James “Whitey” Bulger.

Foley said in an interview he would gladly trade his heart condition for a regular, less lucrative pension.

“I got a heart condition, and I got it working the job,” he said. “It limits me. But I live with it, and I am not apologizing for any of my activities.”

“I put myself into some dangerous positions in my career,” said Foley, now 58.

The State Retirement Board is expected to formally accept the pension for McGovern at its Thursday meeting.

Read more at:http://www.bostonglobe.com/metro/2012/07/25/former-state-police-commander-marian-mcgovern-collect-tax-free-disability-pension/qYttJVga36jKsCpS9sk7nM/story.html?p1=Bcom_ArticleStub_LogIn

State and Local Unfunded Pension Liabilities Pose Yet Another Bubble Crisis

June 14, 2012 in Economy, MA State and Local Pension Liability

Ace  financial reporter, Charlie Gasparino of Fox News, broke the story  yesterday that:

“Last year, as panic raged through the municipal bond market that cities and possibly even states might default on their debt under the burdens of massive government expenditures, particularly in the form of unfunded liabilities posed by public pension funds, J.P. Morgan (JPM: 34.30, +0.53, +1.57%) went out and studied whether the problem was indeed as acute as some had feared.”

The result wasn’t something J.P. Morgan, the largest underwriter of municipal debt, wanted to brag about, at least in public, according to people with direct knowledge of the matter. The study, completed in March 2011, showed that problem with pension funds was indeed real: States and big cities had amassed trillions of dollars of unfunded liabilities for their public pension systems.

At the same time, these municipalities were failing to properly account for their exploding pension costs, and the only way out of the mess involved public officials making some politically difficult decisions, including raising taxes significantly, slashing budgets, and demanding that public workers pay a portion of their retirement benefits.”

In an interview on Fox Business, Gasparino specifically mentioned Massachusetts. My Town of Andover alone,  has amassed nearly $215M in Unfunded Liabilities for our FY2013  budget noted as  Post Employment Benefits (OPEB) Liabilities . The Top 50 Cities and Towns in MA ( There are 296 towns and 13 Cities) have amassed $20B in OPEB Liabilities. 

In 2011 41% of all of our state’s total Combined Debt and Pension Liability was due to Unfunded Pensions!

Over the last few years, the Federal Reserve has steered our economy to unprecedented low interest rates which has served to mask our Pension liability ticking time bomb. Any uptick in interest rates will unleash the consequences  in the JP Morgan report.

Read more: http://www.foxbusiness.com/industries/2012/06/13/jpmorgan-questionable-muni-call/#ixzz1xk28Jp88