Entries by VREG Editors

Budget and Pension Crises Throughout California Inflict Harm

CALIFORNIA – A FAILED STATE [THE “TERRITORY OF CALIFORNIA”] You can watch the stock market successes, listen to the pundits braying out messages like “we have turned the corner”, but the  reality is that the State of California and the municipalities nationwide, including  the City Ventura, are in trouble. The fortunes of the State of […]

City Government Clueless About What Citizens Need

THE END OF THE FIRST DECADE It is the end of the first decade of the 21st century.  This first ten years have been marred by war, scandal, fraud, economic failure and government malfeasance at all levels. Venturans will also be happy to turn the page and try to rebuild.  The questions is whether local […]

Grand Jury Exposes City Pension Out of Control

THE FLEECING OF VENTURA On July 26th the Ventura County Star published an article about the deplorable conditions of the public pension plans in Ventura.   The Ventura Grand Jury labeled these city pension plans as headed for disaster — an out of control cost [They actually said “uncontrollable cost”].  To see how out of control […]

The Ghost of No Money Haunts Pensions and Cemetery Park

THE SPECTRE OF BANKRUPTCY [T.E.A. PARTY ANYONE?] In the August 2008 edition of this newsletter, we suggested that Ventura “may” be following the missteps of the City of Vallejo right into bankruptcy court. After you read this you will realize that our unfunded pension debt and contractual obligations are staggering.  We as a community owe […]