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Saturday, May 16, 2015

Wisconsin Assembly Passes Junk Food Limits and Drug Testing for Food Stamp Recipients

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[Watch] See How Thieves May Be Able to Empty Your Bank Account With the Starbucks Ap

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Hillary and George Stephanopoulos


CAFR1 ~ The Gov Pension Fund / System Scam ~

CAFR1 NATIONAL POST




ARTICLE ARCHIVED AT - http://CAFR1.com/gpfsc.html



How the public (and government employees) are being played for useful idiots - The Gov Pension Fund / System Scam
by Walter Burien - CAFR1
05/16/15


The new GAP accounting implemented over the last 8 years established by GASB.org requires local government accounting to project all liability as if it is due today.

 
This means pension fund accounting (and other local government funds) are required to project out 35 years to satisfy ALL projected payments to participants with what they will be paid AT TIME OF RETIREMENT.  They use max projections there. EXAMPLE: Employee making 50K today at retirement after pay increases, projected inflation, etc., will be making 185K. Additionally, THEY DO NOT account for the projected income for the fund out 35 years in full. They redact much.

So based on the new accounting, a pension fund that may have been 150% funded today, in the snap of the finger could now be adjusted to being 60% funded. (40% underfunded)

Motive? The larger the investment fund balance for that local government, the bigger the power base. Where those funds are invested domestic and international creates the biggest payola network globally times thousands of different local government funds/systems of the same.
Another point most employees and taxpayers are not aware of is: Most local government pension funds / systems are "Strictly Participatory". What that means is the employee does not own 1c of the fund, they just have in so many words a "Ticket to Ride" under contract terms.

The local government owns 100% of the fund balance. Now if the employees owned 100% of the balance, the accounting local governments are doing would be 100% fraud and an indictable offense under SEC law and fiduciary ethics guidelines. 

Most fund balances are so large they do not require contributions from the employee or tax payer, rates of return are primarily meeting requirements. Plus if the employees owned the fund balance it would be required to give each a pro-rated value of each employees ownership in $$ terms each year. If that was the case and done my would those participating employees get a big surprise. Long-term participants, they would see their ownership value at on the low side $650,000 to on the high side $3,500,000. 

But being that these funds are Strictly Participatory (similar to the Social Security fund) SEC laws and  fiduciary fund management guidelines only require that those "Tickets to Ride" under contract are in line to be satisfied based on the GUIDELINES that local government is operating under.(and they create their own guidelines)

TREASON: "Treason doth never prosper; what's the reason? For if it prosper, none dare call it treason." Sir John Harrington, 1561-1612
Please share, publish, and post my comments with others (especially those government employees who are participating with these funds/systems)

Walter Burien - CAFR1.com
P. O. Box 2112
Saint Johns, AZ 85936

PS: Federal groups like FBI agents have profit sharing pensions. They see each year the value of "their" share in the Pension they are enrolled as an "owner". Back in the 90's their eyes must have been bulging out of their head when they looked. They saw they would get 175% to 250% over what they were expecting to get at retirement based on fund performance.
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CAFR1's REPLY ABOVE TO THE ARTICLE THAT FOLLOWS:

From: Judy Burnette
Date: Fri, 15 May 2015 03:35:12 -0400 (GMT-04:00)
Subject: ProPublica: "How Illinois "Pension Debt Blew Up Chicago's Credit"

How Illinois "Pension Debt Blew Up Chicago's Credit"

by Allan Sloan, The Washington Post, and Cezary Podkul , ProPublica, May 13, 2015
 
Former Illinois Gov. Pat Quinn, with state lawmakers behind him, smiles while signing pension overhaul legislation in 2013. The law was invalidated by the state Supreme Court on Friday.
What happens when you've been kicking the fiscal can down the road for years, but the road suddenly hits a dead end? That's what Chicago "and the state of Illinois" are about to find out.
Chicago's immediate problem is yesterday's credit downgrade by Moody's Investors Services, which turned its debt to junk and could force the city to immediately come up with $2.2 billion to satisfy debts and other obligations.
It's not clear how "or if" the city could come up with that money.
When big cities have had debt crises such as Detroit's recent problems or New York City's epic problems in the 1970s states typically rode to the rescue in one way or another. But Illinois, which has the lowest credit rating of any state in the nation, says it can't help the stricken city.

The downgrade follows a Friday decision by the Illinois Supreme Court, which invalidated state limits on cost-of-living adjustments to state pensioners. The limits were part of a slate of reforms signed into law in 2013 by then-Gov. Pat Quinn, a Democrat, to deal with underfunded pensions.


Moody's said the court decision was key to its downgrade because the city has been hoping to dig out of its own financial hole by reducing cost-of-living adjustments, which typically raise the cost of pensions by close to 50 percent.


Chicago's predicament actually has its roots in a 2003 decision by Illinois to kick the pension can down the road by borrowing money to fund pensions rather than trying to get the benefits reduced or to stepping up payments to make them financially sound.

In the ultimate can kick, the state borrowed a whopping $10 billion "the biggest bond issue in its history" on the premise that investing the proceeds would earn more than the interest on
the bonds.


Unfortunately for Illinois taxpayers, the pension fund investments, hurt badly by the financial market meltdown of 2008-2009, have earned less than expected.

Even worse, the state gets to deduct interest and principal on the bonds "currently some $500 million to $600 million a year" from the contributions it makes to the pension funds.


The net effect: The funds are worse rather than better off as a result of the pension bonds. Unfunded liabilities swelled from $43 billion when the bonds were sold to $86 billion by 2010, state data show.

Despite that grim history, Illinois borrowed another $7.2 billion for pensions in 2010 and 2011. By the time Quinn signed reforms in 2013, the state was in major trouble, with unfunded liabilities of nearly $100 billion, about $7,500 per resident.


Illinois isn't alone in turning to pension bonds.

In 1997, New Jersey tried to borrow its way out of pension fund problems with debts that are still being repaid. The California city of San Bernardino sought bankruptcy protection in 2012 under the weight of its pension costs, pension obligation bonds and other debts.

"The borrowing is taking the pressure off politicians from actually facing the actual reforms that need to happen on these pension systems," said Ted Dabrowski, vice president of policy at the Illinois Policy Institute in Chicago. "You've got a situation where the system is no longer sustainable, whether it's New Jersey or Illinois."


But Chicago and Illinois are the biggest examples of what happens when you can no longer kick the pension-cost can down the road. They are unlikely to be the last examples.
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Friday, May 15, 2015

Mother sues school board for teen’s arrest and suspension over NRA shirt

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BREAKING: Obama Openly Declares He Wants to Censor Fox News

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20 Traitors: Republicans Who Voted To Gut America’s Military Using Amnestied Illegal Aliens

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passed onto the National Defense Authorization Act (NDAA) stripping amnesty for illegal aliens from the defense bill.

Brooks’ amendment, which stripped from the NDAA language that was inserted during the Armed Services Committee markup by 

Rep. Ruben Gallego (D-AZ).

GREAT News: Teacher Who Forced Grade Schoolers to Send Cards to Cop Killer Was Fired

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GreatFallsTV: Lisbon School Committee Meeting May 11th, 2015


Lisbon Town Council Agenda For Tuesday May 19th, 2015

AGENDA
TOWN COUNCIL
TUESDAY, MAY 19, 2015
LISBON COMMUNITY SCHOOL



1. CALL TO ORDER & PLEDGE TO FLAG

2. ROLL CALL
___Councilor Bickford ___ Councilor Brunelle ___ Councilor Crafts ___ Councilor Garrison
___ Councilor Lunt ___Councilor Metivier ___ Councilor Pesce
Town Clerk reading of meeting rules

3. GOOD NEWS & RECOGNITION

4. PUBLIC HEARINGS − A. Victualer License - Joseph Roy (Mobile Unit) Riverside Flea Market


5. AUDIENCE PARTICIPATION & RESPONSE FOR AGENDA ITEMS

6. CONSENT AGENDA
2015-120 ORDER − A. Victualer & Itinerant Vendor Licenses - Joseph Roy (Mobile Unit) Riverside Flea Market
B. Renewal Itinerant/Mass Gathering Permit - Moxie Festival Committee
C. Renewal Victualers Licenses

7. COUNCIL ORDERS, RESOLUTIONS, & ORDINANCES
2015-121 ORDER − Health Insurance
2015-122 ORDER − Dental Insurance
2015-123 ORDINANCE − Moratorium Ordinance prohibiting marijuana dispensary facilities (First Reading)
2015-124 ORDER − School Capital Reserve Request
2015-125 ORDER − Article 21 School Warrant Article
2015-126 ORDER − 2015-2016 School Budget Warrant Articles
2015-127 ORDER − Set Registrar Hours and times to cast absentee ballots
2015-128 ORDER − School Budget Validation Referendum
2015-129 ORDER − Renewal Itinerant/Mass Gathering Permit - Riverside Flea Market - James & Paulette Carville
2015-130 ORDER − Renewal Itinerant/Mass Gathering Permit - Positive Change Lisbon (PCL)

8. OTHER BUSINESS
A. Town Manager's Report

9. AUDIENCE PARTICIPATION & RESPONSE NEW ITEMS

10. APPOINTMENTS
2015-131 ORDER − Appoint Warden - Sheila Gray, Ward 1
2015-132 ORDER − Appoint Warden - Rick Roberts, Ward 2

11. COUNCIL COMMUNICATIONS

12. EXECUTIVE SESSION
2015-133 ORDER − 1 MRSA § 405 (6)(D) Labor negotiations

13. ADJOURNMENT
2015-134 ORDER - To Adjourn

Thursday, May 14, 2015

[Watch] Hammer Mayhem Suspect Shot By NYPD Cops After Attacking Female Officer

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Two Baltimore City Jail Correctional Officers Caught On Video Looting A 7-11

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‘We Will Not Be Intimidated': Geert Wilders Planning Muhammad Cartoon Expo

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BREAKING: Obama Just Issued an Infuriating Command to Churches Across America

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NaturalNews: Democrats try to halt secretive TPP trade deal while Obama and Republicans push for passage



The TPP trade deal is a threat to all Americans. It hands powerful corporations global monopolies on seeds, medicine and more.
Many fear the TPP could criminalize seed saving, medicinal herbs and superfood supplements.
Strangely, Republicans are allied with Obama on pushing this secretive TPP even though we're not allowed to know what's in it!
Democrats, led by Sen. Ron Wyden, have halted the effort for now, thankfully.
They're engaged in political combat with Obama to try to stop the TPP before we all lose even more freedoms in America:
READ STORY

Wednesday, May 13, 2015

Lisbon High School Senior Wins 2015 Moxie Festival Logo Contest

 
 
 
Caption:
 
Lisbon High School Senior Hannah Stritch received a $100 and the first 2015 Moxie Festival t-shirt with her winning logo.  (From left) Moxie Festival Committee members Gina Mason, Tracey Steuber, Hannah Stritch, Lisbon High School Art Teacher Pam Ouelette, and Brenda Rogers.
 
May 13, 2015, Lisbon, Maine.  The Moxie Festival Committee is pleased to announce that Lisbon High School Senior Hannah Stritch has won the 5th Annual Moxie Festival Logo Contest based on the 2015 theme, “Celebrate Moxie the Maine Way.” 
 
“Hannah’s logo includes iconic symbols of summer in Maine.  Moxie is part of these Maine memories for Mainers and thousands from away.  We are proud to showcase Lisbon High School talent at the Moxie Festival,” said Tracey Steuber, Town of Lisbon Director of Economic and Community Development.
 
Hannah received a $100 check and the first 2015 Moxie Festival t-shirt featuring her design at a High School Assembly held May 8.
 
Floats for the Moxie Festival Parade on Saturday, July 11th will be judged on their interpretation of the theme, “Celebrate Moxie the Maine Way.”  The Moxie Festival parade starts at 10 am at Capital Avenue, travels down Rt. 196 and up Main Street before concluding at North and South Streets.
 
According to Lisbon Public Safety Officials, over 50,000 people attend the three-day Moxie Festival.  The Town of Lisbon has approximately 9,077 residents.
Join Moxie lovers at the 33rd Moxie Festival held in Lisbon Falls on July 10-12, 2015.  Since 1982, the Moxie Festival is known as Lisbon’s signature event, drawing people from Maine, across the United States and as far away as Ecuador, Morocco, and Australia.  Plans for this year’s Moxie Festival include Friday night Fireworks and Block Party; a Saturday parade with floats, bands, and Moxie historic vehicles, the 20th anniversary Moxie Day 5K Race, Chug-n-Challenge, Recipe Contest, Vendors with Moxie and Maine-made items, Petting Zoo, Moxie Concert in the Park; and on Sunday, the Moxie Car Show, Moxie Day at Beaver Park and much more! For More Information visit Moxie Festival and like Moxie Festival on Face Book.
 
Media Contact:  Deb Wagner, debwagner@gwi.net, 207-992-8997

BREAKING: New Eyewitness Drops Bombshell About What REALLY Happened to Natalee Holloway

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This FCC Commissioner Dared To Defy Obama, Then Something Despicable Happened To Him

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BDN: U.S. News & World Report lists 17 Maine high schools among nation’s best

Could Lisbon Make This List Someday?
Perhaps With People Working Together Instead of Against  It Could Happen!


 By Nick McCrea, BDN Staff
BANGOR, Maine — Seventeen Maine schools appear on the 2015 U.S. News and World Report’s list of best high schools in the country, five of which didn’t make the list last year.
Brewer High School, which didn’t make the 2014 list, jumped to 669 in the national rankings and No. 5 in Maine. Other schools that earned a new spot on the list include Boothbay Region High School, Gorham High School, Sanford High School and Madawaska Middle/High School.
“This is the first time anyone recalls Brewer High School being ranked in Maine’s top five,” Brewer Superintendent Jay McIntire said in a Tuesday email sent to school officials. “This is another great honor for the City of Brewer, for Principal [David] Wall, and the many teachers, other employees, students, and families that make ours an up-and-coming high school in Maine, and now recognized nationally.”
 Continue reading here.

Tuesday, May 12, 2015

LISBON PRINCIPAL GANNON ANNOUNCES STUDENTS OF THE 3rd QUARTER

 
Lisbon Photo Caption:
Lisbon High School (LHS) administrators and staff are pleased to recognize students for their excellent overall performance.  Family members of the most recent student of the quarter awards were invited to attend the recognition. 
Pictured (l-r): Freshman,  Tyler Fowler; Sophomore, Hayley Wheeler; Junior, Nicholas Huston; and Senior, Patrick DexlerPhoto courtesy of Monica Millhime.
 
Lisbon – Lisbon High School, Principal Nicholas Gannon, announced the Students of the 3rd Quarter during a school-wide assembly on Friday, May 8.   Parents, grandparents, and siblings of the recipients were invited to the stage during the award presentations to congratulate students.  Students are nominated by staff members for their community service, academics, co-curricular activities, sports participation, good citizenship and overall positive reflection of the student body. 
 
Awards this quarter were presented to senior, Patrick DexlerDexler is the son of Nancy and Michael Dexler of Lisbon.  “Patrick is a strong, conscientious student. He is an active member of the Technology Club and assists with PC issues for assemblies, drama shows and staff,” shares Gannon.  “Patrick has taken all available computer classes, including independent study courses.  He has the ability to understand and expand the complex logical operational processes required for computer programming.”  Patrick earned the title of captain of the Science Olympiad team and won first place in the Bungee Drop event.  Nicholas Huston, son of Janice and Terry Huston of Lisbon Falls, was the junior student of the quarter.  “Nicholas works hard to achieve the grades he feels he deserves.  He is willing to work after school and during study halls to get tutorials or rework assignments that do not meet the standard,” comments Gannon. “He has excellent work habits, high standards for success, and strong drive and determination.  He is a member of the soccer and track teams and gives 100% every day in practice and games.”  Nicholas is a member of Students Against Destructive Decisions and Science Olympiad team.  His engineering designs earned him a first and fourth place showing this year.  Hayley Wheeler is a member of the sophomore class.  She is the daughter of Michelle Wheeler of Lisbon.  “Hayley is a member of the Community Service junior volunteer group and is an excellent student who cares about her grades and about exceeding the standard in all of the work she does,” according to Gannon.  “She is involved in class activities, frequently volunteering for fundraising.  Hayley is a kind and respectful person.”  Hayley is a member of the soccer team and is a positive role model for other students.  Freshman of the quarter was awarded to Tyler Fowler, the son of Amanda Coyne of Lisbon.  “Tyler is consistently prepared with clear goals and a plan to achieve them,” according to Gannon.   “He turns in quality work and makes an effort to use teacher feedback to make improvements to his work.  He is able to do this because he often works ahead of deadlines.”   Tyler stands his ground in challenging situations and is very respectful.  Tyler is successful due to his diligence and determination to succeed.
 
Students are presented with a plaque, school supplies, a library pass and gift certificates from Lisbon’s partners in education, Dunkin’ Donuts and the YMCA in Auburn. 
 
FMI on programs and events in Lisbon Schools email mmillhime@lisbonschoolsme.org and visit the Community Resource News in Lisbon Schools on FaceBook.
 
Monica M. Millhime

LISBON COMMUNITY VOLUNTEER PROGRAM