DeMaio Was for Pension Bonds Before He Was Against Them
City Councilman Kevin Falconer and other local backers of Mayoral candidate Carl DeMaio pressed forward yesterday with attacks aimed at challenger Congressman Bob Filner. Earlier in the day they were beating the drum about Filner’s earlier advocacy of pension obligation bonds as a solution to San Diego’s financial crisis. The Congressman has maintained in recent statements that voter approval of last June’s Proposition B makes the bonds unnecessary.
The DeMaio campaign went silent on that subject when local Dems unearthed evidence that the City Councilman also had a past history of supporting such bonds. A 2004 report from DeMaio’s Performance Instititute (funded by U-T San Diego publisher Doug Manchester), DeMaio offered a blanket endorsement of the reforms proposed by the City’s Pension Reform Committee, which included issuance of $600 million in pension obligation bonds to address the City’s unfunded pension liabilities…
Having failed at this round of attacks, the DeMaio campaign shifted gears, calling a press conference outside his campaign headquarters in Murphy Canyon to denounce Congressman Filner’s participation in Congressional junkets funded by “special interests”. (Oh, so much more inside….) [Read more…]