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Old 08-01-2017, 11:17 AM
 
Location: State of Transition
77,948 posts, read 69,907,126 times
Reputation: 75738

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State pensions are the elephant in the room everywhere, not just California. Some years ago, Delaware, I think it was, was worried about bankruptcy, due to pension issues. There were rumblings from WA State that it could become a problem there, as well. Pie-in-the-sky pensions were a great idea back when the unions and the general economy were flush, but it looks like those days are gone forever, so... are there any elephant-whisperers in the house?
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Old 08-01-2017, 11:18 AM
 
Location: Out in the Badlands
10,425 posts, read 8,750,432 times
Reputation: 7732
Let them secede and fix it themselves.
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Old 08-01-2017, 11:19 AM
 
Location: State of Transition
77,948 posts, read 69,907,126 times
Reputation: 75738
Quote:
Originally Posted by Pretzelogik View Post
Let them secede and fix it themselves.
Nobody has said anything about them not fixing it themselves.
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Old 08-01-2017, 08:35 PM
 
Location: San Francisco Bay Area
4,660 posts, read 2,513,423 times
Reputation: 9091
Quote:
Originally Posted by Finper View Post
Newsome being sworn in is my deadline for getting out of this crumbling state
Gavin Newsom is indeed handsome, so I guess calling him Newsome is a compliment to him.
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Old 08-01-2017, 09:13 PM
 
Location: Living rent free in your head
30,893 posts, read 13,434,612 times
Reputation: 21996
California's net return on investments for 2016-2017 is 11.2% boosting the funding level from 65% to 68% California's funding level is not what it should be but it appears that about half the states have better funding rations and half are worse. There are other states that in far worse shape. As far as Steve Wesley, he's running for Governor and he decided this is a good issue to run on but from the article I don't see him offering any unique solutions to the problem.
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Old 08-01-2017, 11:04 PM
 
Location: Paranoid State
13,047 posts, read 10,369,264 times
Reputation: 15672
Quote:
Originally Posted by 2sleepy View Post
California's net return on investments for 2016-2017 is 11.2% boosting the funding level from 65% to 68% California's funding level is not what it should be but it appears that about half the states have better funding rations and half are worse. There are other states that in far worse shape.
True, but that's not an excuse for CA not to be better.

Quote:
Originally Posted by 2sleepy View Post
As far as Steve Wesley, he's running for Governor and he decided this is a good issue to run on but from the article I don't see him offering any unique solutions to the problem.
Big, bold things require educating the public first. Moreover, everyone knows that when you find yourself in a hole, the first thing you must do is stop digging.
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Old 08-01-2017, 11:26 PM
 
Location: Living rent free in your head
30,893 posts, read 13,434,612 times
Reputation: 21996
Quote:
Originally Posted by SportyandMisty View Post
True, but that's not an excuse for CA not to be better.

Big, bold things require educating the public first. Moreover, everyone knows that when you find yourself in a hole, the first thing you must do is stop digging.
California should do better, I agree, but 11.2% is pretty darned good. But politicians who rant and rave about the states problems without offering any concrete solutions usually end up as unsuccessful as Grey Davis and Arnold Schwarzenegger were, talk is cheap governing is hard work
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Old 08-02-2017, 08:56 AM
 
Location: Orange County... Arizona bound
2,957 posts, read 1,605,951 times
Reputation: 3985
Union wages and benes are locked in no one can fix that problem. Most politicians are under their thumb and don't even try anyway.
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Old 08-02-2017, 09:26 AM
 
Location: Sylmar, a part of Los Angeles
3,918 posts, read 2,502,745 times
Reputation: 8326
California can and do's ignore laws they don't like, why not union wages and pensions too.
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Old 08-02-2017, 10:34 AM
 
5,908 posts, read 1,997,798 times
Reputation: 5548
Quote:
Originally Posted by Finper View Post
Union wages and benes are locked in no one can fix that problem. Most politicians are under their thumb and don't even try anyway.
They aren't. They keep offering the same deals , sometimes slightly watered down, to new hires, instead of fixing the problem by adopting a normal compensation scheme that relies on paying cash for services rendered, at the time of service, like everyone else on the planet.
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