Found by Al Stern
Is this how they’ll survive while ordinary people get by like this as they wait for the “doomsday budget?”
Found by Al Stern
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I love it. Also, that Glenn Close’s cleavage is out of control!
What? Are they saying that someone who pays 3% in and gets 80% out is unsustainable? Liberal math says otherwise!
It’s called move to Arizona, Nevada, or Washington and let the state go bankrupt. There’s a reason those other states are gaining population.
Gov Schwarzenegger tried to fix this with some ballot propositions, but the unions mobilized and the public snoozed, and the Governator lost. If he had won, the state would not be on the verge of bankruptcy today. It would help if they fixed the budget process where you need more than a majority to pass it, so everyone gets some pork thrown in.
Its called crisis management and most Governments operate that way. Or at least they have for decades. Heck, even many people run their personal budgets the same way. Never taking into account those rainy days or reduced tax revenue from a slowdown.
Curious thought. Has a state ever gone bankrupt? I am just wondering what would be the repercussions it it were to happened to a state?
I think we can safely say that with the new congress, California will not be getting a bailout, nor should they.
I doubt this even includes the prison guard union. Those guys rake in it, and with OT, they earn over $100k a year.
#3 moving is a good idea. But Federal gummit employees make over $100K on average too. Where do we move after the country goes bankrupt?
Oops, too late.
I love seeing stuff like this that points out the stupidity of the legislators in Sacramento and the naive elite Hollywood crowd. They are going to be screaming to the hilltops when the first union retirement payment can’t be paid. This has been obvious for years, but they keep electing and re-electing moonbeams.
San Francisco is the worst. I hope the nuts there are the first to feel the fiscal ax.
How much of CA’s problems can be traced to shifts in demographics (i.e., increase in net tax consumers and outflow of net tax payers)?
I live in NY and it isn’t much different here.
But let’s be honest while public petitions are problem so are private ones. Only difference is most companies stopped their systems years ago.
As a society we have allowed the private sector to transfer the financial risks of retirement to individuals and now we want the same to happen to our public sector.
This of course this helps the rich get richer and the middle class become poor.
This should have all been fixed years ago by adjusting retirement ages and retirement payments both in the private and public sector.
Instead we have allowed the private sector pension system to be replaced with under funded 401ks or nothing and now will likely have to do major damage to the public pension system.
The rich have won it appears the Walmart wage and benefit plan is going to be implemented for everyone.
Yes, it used to be that there was a pension fund. You contributed money to it, and the institution, whether private sector, or public, contributed a matching amount. Then in the late eighties the robber barons noticed how large these funds had gotten, and they lobbied congress to change the laws so that they could seize this money, and turn the pensions into Ponzi schemes. Not unlike our Social Security system. Of course, Ponzi schemes are unsustainable.
This was all done in plain sight, but the ministry of propaganda insured the sheeple didn’t notice.
#12 I noticed you mention the REPUBLICAN robber barons in the late 80’s. REPUBLICAN deregulation has been a problem for some time. I have been their victim three times now. The recent depression is an example.
It’s time to build a border fence around California and cede it back to Mexico. That is my solution. It would also get rid of Boxer and Peloci.
the fed will bail out states with the funny money
#8 Check your numbers here:
http://factcheck.org/2010/12/are-federal-workers-overpaid/
So, what will happen to California? I hope it falls apart. I don’t need potholes fixed, cops everywhere, or any god damn government help. If I need anything, I can get it myself.
I can hardly wait for taxes to get so ridiculous that the voters FINALLY do something about it. So far, they seem to OK every fucking spending measure proposed. California can go to hell.
chris, your link is 100% BS. Federal works are vastly overpaid, except WG and Postal and Military. They add almost no value to the economy, and do nothing but talk and surf it seems. If they were as talanted and underpaid as your link suggests, they WOULD GET PRIVATE SECTOR JOBS. Federal employment is a dumping ground for the unhirable.
Also, as a Calpers member, I endorse this video.
I could only make it 1/2 way thru this. I know it is trying to be funny, but it cuts too close to the bone for me. The only cheerful thing I can add to this, is that, sooner or later, “All Good Things Must Come To And End” …when?, who knows?
Merry Christmas….and so it goes
#18 Wait, you said the military is underpaid?
That is insane. Most military jobs are active desk jobs with a travel component. Forget salaries, what about benefits? No other job pays extra for your house, clothes, total medical, and kids.
I think people in greater danger ought to get paid more, but for some assignments the benefits look a lot like welfare.
U suck!
#21 Yeah, I agree that the benefits fall very unequally, but I think today it has less to do with rank than willingness to work the system. I lived next to a group of navy enlisteds who were pulling in nearly 5k, as a group of four, per month in housing benefits alone. Plus they would rent space to additional people by the week. Before even considering salaries the house, food, and beer were already paid for.
This specific group were a bunch of nitwits who could have never held a company job making similar money.
I also know people in medical and tech jobs in the military who are well paid. I have no gripe with that. Creating educated professional people is always going to be a boon for society.
My actual gripe is with people who think all government workers are overpaid, but all soldiers are underpaid. We should be looking at both military and civilian programs in the same way:
*They should be useful
*They should be cost effective
*Incentives should improve performance