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If a state has a higher concentration of elderly people on social security that the elderly paid into then they are "dependent" on this list.
If a state has a higher concentration of military bases, NASA facilities, national parks, government funded research facilities per population then they are more "dependent" on this list.
If a state has a higher concentration of people statistically more likely to be on welfare such as black, single-mothers, high school drop outs, etc...(read overwhelmingly blue voters) then they are more "dependent" on this list.
California is planning to tell state employees they must take 26 unpaid days by 12-31-2020.
I see an internal union war, of active vs retired employees coming, as the states will not be able to hike taxes w/o losing population, so the choice will be between which set of employees to take the cut.
Analogous to how Tier 1 union emps give the shaft to Tier II.
Governors have emergency powers. Furloughs and wage freezes are coming.
As it relates to public pensions, accrued benefits are protected in most states, by state constitution or contract ( defaults to US constitution) or property rights
I hope people are starting to realize there is no way out of this conundrum. Ultimately, it's the people at the bottom of the ladder that will take the haircut. Cops, firefighters, municipal workers, state employees--virtually the entire public sector will be out in the cold when their pensions are gutted. Whether riots ensue depends on the integrity of the groups. If the police walk off the force we are all up the creek. Imagine trying to defend 350 million people without police. We'll need guns to defend ourselves from marauding bands of criminals. Whether the national guard and military can protect us is up for grabs. I think the Posse Comitatus Act of 1878 will have to be repealed to allow the military to intervene in municipalities to keep order. However you cut the pie it is only a matter of time before our society crumbles.
And now they're broadcasting the reoccurrence of Corona combined with the flu next winter will make what we're going though now seem like a Sunday school picnic.
Accrued pension benefits for public employees are protected by the state constitution and/ or contract ( defers to the protections within the US constitution or property rights in the super majority of states.
Should Congress agree to amend the federal bankruptcy code to allow states to bankrupt, it would NOT impact accrued public pension benefits in the super majority of states.
...This is a drop in the bucket vs. the pension liabilities of California or Illinois. How much money has to be in reserve to pay $100K pensions to a California school teacher? There will be a day of reckoning when it comes to state liabilities, and so many states have been completely irresponsible.
The day of reckoning may be near. The Dems are desperately trying to get $1T added to C-19 Porkulus 4 to bail out the states ponzi scheme's..I mean pensions.
To try for a $1T money grab during a time when we have a Republican President, & a Republican controlled Senate, tells you how desperate they are. They can't even wait 6 months to see what November's election results will be.
They see the Feds spending frenzy going on right now, so they are going for it right now; rather than waiting.
That tells me they are thinking....
1) that Joe Biden, or any other Dem, has no chance in November...or...
2) some state & local pensions are in such bad shape, they cannot continue to pay out for 6 more months.
The federal government/tax payers should only be paying for virus related measures at best. Shouldn't be shoring up pension funds, existing state programs or creating new ones especially not directly relating to the virus.
Austerity or bust.
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