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Old 10-01-2019, 09:28 AM
 
Location: On the water.
21,737 posts, read 16,350,818 times
Reputation: 19831

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Quote:
Originally Posted by max210 View Post
Those that support what's going on have a vetted interest to keep the Ponzi scheme going, they're current and former gov employees. And then there's those that think the govt has their best interest but in reality just screw them over, the lower and middle class you mentioned. In this very thread you can see who has hasn't critized these actions.
The real “Ponzi scheme” is our consumer capitalism culture that bases its mythology on perpetual growth - which is impossible in a finite paradigm. Everything else, including those ‘travesties’ you focus on, are simply symptomatic of the unsustainable model you refuse to recognize as diseased.

Quote:
Originally Posted by CaliRestoration View Post
I have no doubt. Unionized workers in the state of California will accept pretty much any travesty coming down the pipe from Newsom because he's dangling their pensions right in front of them. CalPERs is one of the largest unfunded long term liabilities in the state. It's not sustainable, not without more taxation (which will be redirected from other areas to fund it).

State workers should have been on a 401k with some matching decades ago.
Ugly as it appears - and is - the CalPERS underfunding isn’t among the nation’s states’ worst, at all. And no other state has the revenue stream that California does to deal with this sick system. Bad? Yes. Survivable? Yes.

 
Old 10-01-2019, 09:54 AM
 
6,089 posts, read 4,987,805 times
Reputation: 5985
Quote:
Originally Posted by Tulemutt View Post
Bad? Yes. Survivable? Yes.
I'm sure a number of Romans in 400AD said the exact same thing.
 
Old 10-01-2019, 10:22 AM
 
4,481 posts, read 2,285,932 times
Reputation: 4092
Quote:
Originally Posted by CaliRestoration View Post
I have no doubt. Unionized workers in the state of California will accept pretty much any travesty coming down the pipe from Newsom because he's dangling their pensions right in front of them. CalPERs is one of the largest unfunded long term liabilities in the state. It's not sustainable, not without more taxation (which will be redirected from other areas to fund it).

State workers should have been on a 401k with some matching decades ago.
Pay and benefits to state employees does not match what's offered in private business, it's simply not a sustainable model. Unfortunately politicians can easily help themselves to your pocket and pass it off "good for you".
 
Old 10-01-2019, 10:26 AM
 
Location: On the water.
21,737 posts, read 16,350,818 times
Reputation: 19831
Quote:
Originally Posted by CaliRestoration View Post
I'm sure a number of Romans in 400AD said the exact same thing.
Note: Rome is still thriving 1600 years later today
 
Old 10-01-2019, 11:37 AM
 
6,089 posts, read 4,987,805 times
Reputation: 5985
Quote:
Originally Posted by Tulemutt View Post
Note: Rome is still thriving 1600 years later today
Nominated.
 
Old 10-01-2019, 11:38 AM
 
6,089 posts, read 4,987,805 times
Reputation: 5985
Quote:
Originally Posted by max210 View Post
Pay and benefits to state employees does not match what's offered in private business, it's simply not a sustainable model. Unfortunately politicians can easily help themselves to your pocket and pass it off "good for you".
Not only that, state employees are often of "lower quality" due to less strict standards in hiring. So you're even getting less for your money (taxpayer money).
 
Old 10-01-2019, 08:58 PM
 
Location: Sylmar, a part of Los Angeles
8,342 posts, read 6,431,022 times
Reputation: 17463
State employees can't get fired. they don't have to do a damn thing and they know it.
 
Old 10-01-2019, 09:29 PM
 
Location: On the water.
21,737 posts, read 16,350,818 times
Reputation: 19831
Quote:
Originally Posted by V8 Vega View Post
State employees can't get fired. they don't have to do a damn thing and they know it.
Jealousy does not become you, Vega. You missed your opportunity to have a state career and you let it blow by. Now you just have to suffer suffer suffer while government retirees live the high roller lives. But please, just go suffer in silence. You did this to yourself man.
 
Old 10-03-2019, 10:31 AM
 
Location: Riverside, California
69 posts, read 60,832 times
Reputation: 118
So far the moves Newsome has done are indicative of the idiocy that is the California voter.
 
Old 10-03-2019, 12:51 PM
 
4,481 posts, read 2,285,932 times
Reputation: 4092
Quote:
Originally Posted by V8 Vega View Post
State employees can't get fired. they don't have to do a damn thing and they know it.
Quote:
Originally Posted by CaliRestoration View Post
Not only that, state employees are often of "lower quality" due to less strict standards in hiring. So you're even getting less for your money (taxpayer money).
Yup. Tax payers don't get what they pay for, it's the sad truth and don't be surprised if you get called jealous for pointing it out.

No, not jealous, just pointing out the bullsht system and them along with it. There's a clear reason why anyone would defend this.
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