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rulemylife -> RE: California AND bust (11/8/2011 12:08:16 PM)
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quote:
ORIGINAL: Iamsemisweet
Read the article, which is the topic of this thread, instead of just talking out of your ass. I think the article explains it rather well. Since you didn't and I haven't noticed that you are particularly interested in informing yourself,, I will happily summarize it for you, in short, declarative sentences, just like the bumper stickers where you seem to get most of your political and financial ideas. You are welcome
The officially recognized gap between what the state would owe its workers and what it had on hand to pay them was roughly $105 billion, but that, thanks to accounting gimmicks, was probably only about half the real number.
Let's use the optimistic figure.
The population of CA is 37,253,956
Meaning the additional revenue that would have to be "raised" is $2818.48 for every man, woman, and child, just to cover pensions.
CA has a system in place that makes it difficult to increase taxes.
I doubt voters are going to go for removing that system, just to meet pension obligations. Perhaps you disagree.
The "jackpot" remark refers to the common practice of retiring, and then taking a private sector job. You can call it something else, if you want.
quote:
quote]ORIGINAL: DomYngBlk
Nice commercial that went with putting down Issue 2 here. People didn't and don't become social workers, firefighters, policemen or teachers to become wealthy. They realize when they take the job it is only going to pay x amount and that x amount is going to be pretty much the same for 30 years.
Where the fuck does this "jackpot" you talk about happen? Any proof or just blowing shit out of your piehole again
Again, those pensions were promised so those cities and states could pay relatively low wages with the promise of a secure retirement.
The pensions were part of the compensation package. They were not a freebie.
Another benefit to the employers of a pension plan is they retain experienced workers and do not have the training costs associated with a high turn over rate.
So if someone puts in thirty years and decides to collect their pension then becomes bored and takes another job that qualifies to you as a "jackpot"?
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