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Why California Is In Trouble 340,000 Public Employs With $100,000+ Paychecks Cost Taxpayers $45

chuckiechan

chuckiechan

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Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion

Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion

Using our new interactive mapping tool, quickly review (by ZIP code) the 340,390 California public employees and retirees who earn more than $100,000 and cost taxpayers $45 billion (FY2018-9). Just click a pin and scroll down to see the results rendered in the chart beneath the map.
Click to expand...

I really don’t think coronavirus is the cause of California’s unfunded retirements.

America’s Colleges & Universities Awarded $12.5 Billion In Coronavirus Bailout – Who Can Get It And How Much

America’s Colleges & Universities Awarded $12.5 Billion In Coronavirus Bailout – Who Can Get It And How Much

Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B

Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B

Every pig in America is at the taxpayer’s trough, and that includes publicly traded corporations. Trump should void all of the deals* and claw back the money.

*I guarandamtee you the House was in such a hurry it’s a sloppy legislative mess, and the senate held their noses and signed off on it, Trump signed it due to public pressure. It probably has more loopholes than Swiss cheese.
 
As rich as California is, I don't see a problem.


California is twice as rich as Canada for example.
 
Pensions are deferred income. Pay your obligations, and don't worry about right wingers on anonymous message boards who have trouble spelling "employees."
 
chuckiechan said:
*I guarandamtee you the House was in such a hurry it’s a sloppy legislative mess, and the senate held their noses and signed off on it, Trump signed it due to public pressure. It probably has more loopholes than Swiss cheese.
Click to expand...
Just as long as the Senate and Trump don't have to take any responsibility for getting henpecked into it, I guess everything'll be alright.
Too bad the Electorate bossed Trump around like that. The ****ing nerve of those guys.
 
We rank #1 in spending, and for that spending, we come in #38 in public education.

California ranked 38th among the 50 states and District of Columbia in 29 categories, according to the Wallet Hub study. Data considered to measure quality included graduation rate, dropout rate, math and reading test scores, Advanced Placement exam scores, student-teacher ratio, and SAT and ACT results.

Study: California schools earn low grades compared to nation

Democrats tend to lazily point to tax revenues, the majority of which comes from companies like Facebook and Google, and then use those figures to pretend that California functions perfectly fine. When you do a more thorough analysis, the problems become apparent. This state can't go on outspending every other state while achieving so little in return.
 
Helix said:
Pensions are deferred income. Pay your obligations, and don't worry about right wingers on anonymous message boards who have trouble spelling "employees."
Click to expand...

I needed to shorten the title to make it fit. You could have overlooked that opportunity for a dig.

Secondly California’s unfunded pensions are just south of a trillion dollars. That is ~ 2.9 million per employee. I’m glad your federal taxes will be going up tp pay for it. LOL.


Actually california is close to the coveted last place in K-12 education.

BTW, antitrust legislation will cut Google down to size, for several reasons.
 
Last edited:
swing_voter said:
As rich as California is, I don't see a problem.


California is twice as rich as Canada for example.
Click to expand...

I agree. I don't see California needing any aid from the federal government. And if they want to pay sky high pensions, that's their business, so long as they finance it themselves.
 
Unfortunately, the courts have already ruled that once a pension is promised, it has to be paid out, even if it bankrupts the state. The only real answer to this problem is to reduce those pensions, even the ones that had already started to receive benefits. The politicians aren't willing to step up and fix the system, they just keep making unrealistic promises to get elected.
 
truthatallcost said:
We rank #1 in spending, and for that spending, we come in #38 in public education.

California ranked 38th among the 50 states and District of Columbia in 29 categories, according to the Wallet Hub study. Data considered to measure quality included graduation rate, dropout rate, math and reading test scores, Advanced Placement exam scores, student-teacher ratio, and SAT and ACT results.

Study: California schools earn low grades compared to nation

Democrats tend to lazily point to tax revenues, the majority of which comes from companies like Facebook and Google, and then use those figures to pretend that California functions perfectly fine. When you do a more thorough analysis, the problems become apparent. This state can't go on outspending every other state while achieving so little in return.
Click to expand...
California does not rank #1 in education spending. California is slightly below the U.S. average in terms of spending per pupil, and ranks at 23 according to the latest data (link). This is actually an improvement - in recent years California has been ranked 43rd, 34, and 38th (link). Given that educational outcomes depend on more than one year of school spending, it is no surprise that California ranks where it does in outcomes.

And if you factor in cost of living differences, California has been swimming in the 40s in terms of spending per pupil for as long as recent memory serves. (link).
 
chuckiechan said:
I needed to shorten the title to make it fit. You could have overlooked that opportunity for a dig.

Secondly California’s unfunded pensions are just south of a trillion dollars. That is ~ 2.9 million per employee. I’m glad your federal taxes will be going up tp pay for it. LOL.



Actually california is close to the coveted last place in K-12 education.

BTW, antitrust legislation will cut Google down to size, for several reasons.
Click to expand...
California's pensions are better funded than nearly 30 states. People just see big numbers and forget California is significantly more populous than any other state. All California budget numbers are going to seem big by comparison.
 
Lakryte said:
California does not rank #1 in education spending. California is slightly below the U.S. average in terms of spending per pupil, and ranks at 23 according to the latest data (link). This is actually an improvement - in recent years California has been ranked 43rd, 34, and 38th (link). Given that educational outcomes depend on more than one year of school spending, it is no surprise that California ranks where it does in outcomes.

And if you factor in cost of living differences, California has been swimming in the 40s in terms of spending per pupil for as long as recent memory serves. (link).
Click to expand...

Yes, if you choose to use per student spending stats, then NY outspends every state in the country, and is 40th for graduation rates. Utah, which only spends around $7400 per student, is one of the top performing states for graduation rates.
 
chuckiechan said:
Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion

Why California Is In Trouble – 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion



I really don’t think coronavirus is the cause of California’s unfunded retirements.

America’s Colleges & Universities Awarded $12.5 Billion In Coronavirus Bailout – Who Can Get It And How Much

America’s Colleges & Universities Awarded $12.5 Billion In Coronavirus Bailout – Who Can Get It And How Much

Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B

Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B

Every pig in America is at the taxpayer’s trough, and that includes publicly traded corporations. Trump should void all of the deals* and claw back the money.

*I guarandamtee you the House was in such a hurry it’s a sloppy legislative mess, and the senate held their noses and signed off on it, Trump signed it due to public pressure. It probably has more loopholes than Swiss cheese.
Click to expand...

ALL liabilities are funded.
There is no such thing as an unfunded liability.
The only TRUE unfunded liability is the capital development of our nation, the preparation of its people to embrace their future and the willingness to invest in our children.

Money created today is spent by people living today.
Money created forty, sixty or 75 years in the future will be spent by people living forty, sixty or 75 years in the future and I can also guarantee you that if you stuff trillions away in a lockbox ostensibly to "pay future liabilities", every last cent of those trillions will be spent on whatever people want when the lockbox is opened, and I also guarantee you there's no way you could guarantee that lockbox will even stay locked to begin with.

We can't even get Treasury Sec Mnuchin to divulge what happened to a half trillion earmarked for CV19 recovery for businesses this year.

So all these theories about "intergenerational debts" are pure hocus pocus and unless one of you UL screechers is going to stay alive for the next 100 years, you can't tell anybody diddly squat about how unfunded liabilities should be paid....

...because you cannot guarantee that they will even BE paid, now, tomorrow, next week ....or seventy five years in the future.
If there were a way to dig all of you up 75 years from now to stand trial when the great 75 year money box is jimmied open and spent on hookers and cocaine I bet you'd cease your shrilling very quickly.
 
Checkerboard Strangler said:
ALL liabilities are funded.
There is no such thing as an unfunded liability.
The only TRUE unfunded liability is the capital development of our nation, the preparation of its people to embrace their future and the willingness to invest in our children.

Money created today is spent by people living today.
Money created forty, sixty or 75 years in the future will be spent by people living forty, sixty or 75 years in the future and I can also guarantee you that if you stuff trillions away in a lockbox ostensibly to "pay future liabilities", every last cent of those trillions will be spent on whatever people want when the lockbox is opened, and I also guarantee you there's no way you could guarantee that lockbox will even stay locked to begin with.

We can't even get Treasury Sec Mnuchin to divulge what happened to a half trillion earmarked for CV19 recovery for businesses this year.

So all these theories about "intergenerational debts" are pure hocus pocus and unless one of you UL screechers is going to stay alive for the next 100 years, you can't tell anybody diddly squat about how unfunded liabilities should be paid....

...because you cannot guarantee that they will even BE paid, now, tomorrow, next week ....or seventy five years in the future.
If there were a way to dig all of you up 75 years from now to stand trial when the great 75 year money box is jimmied open and spent on hookers and cocaine I bet you'd cease your shrilling very quickly.
Click to expand...

You mean they are going to tear down my statue?

Sorry, but there are un funded liabilities.
 
chuckiechan said:
You mean they are going to tear down my statue?

Sorry, but there are un funded liabilities.
Click to expand...

Not unless you can prove that the money WILL be used ONLY to pay those liabilities down.
And you can't.
 
Helix said:
Pensions are deferred income. Pay your obligations, and don't worry about right wingers on anonymous message boards who have trouble spelling "employees."
Click to expand...

deferred
Click to expand...

Yes, like putting off dealing with Calif's Billions of dollars in unfunded liabilities right?
 
Lakryte said:
California does not rank #1 in education spending. California is slightly below the U.S. average in terms of spending per pupil, and ranks at 23 according to the latest data (link). This is actually an improvement - in recent years California has been ranked 43rd, 34, and 38th (link). Given that educational outcomes depend on more than one year of school spending, it is no surprise that California ranks where it does in outcomes.

And if you factor in cost of living differences, California has been swimming in the 40s in terms of spending per pupil for as long as recent memory serves. (link).
Click to expand...

So what you're really saying is... raise Calif's taxes even more?
 
truthatallcost said:
Yes, if you choose to use per student spending stats, then NY outspends every state in the country, and is 40th for graduation rates. Utah, which only spends around $7400 per student, is one of the top performing states for graduation rates.
Click to expand...
Utah, which only spends around $7400 per student, is one of the top performing states for graduation rates.
Click to expand...

And that is because of Mormonism

Discipline
 
Luther said:
Yes, like putting off dealing with Calif's Billions of dollars in unfunded liabilities right?
Click to expand...

nope, like trying to take my own deferred income. my pension is properly funded, but Republicans still occasionally try to steal it. i hope that they won't succeed, and i will do my part by voting against every one of them for the rest of my life.
 
Helix said:
nope, like trying to take my own deferred income. my pension is properly funded, but Republicans still occasionally try to steal it. i hope that they won't succeed, and i will do my part by voting against every one of them for the rest of my life.
Click to expand...

Then what is this UNFUNDED liability stuff really all about?(LOL)
 
Helix said:
nope, like trying to take my own deferred income. my pension is properly funded, but Republicans still occasionally try to steal it. i hope that they won't succeed, and i will do my part by voting against every one of them for the rest of my life.
Click to expand...

Then what is this UNFUNDED liability stuff really all about?(LOL)
 
Luther said:
Then what is this UNFUNDED liability stuff really all about?(LOL)
Click to expand...

where did i claim that my pension (deferred income) was unfunded?
 
Guys, This is a HUGE deal. We all should be pissed off when pensions aren't being funded correctly. All it takes is to look at the math to know we are in trouble...
 
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