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To: Lorianne
California is in the same death spiral that Detroit was until its bankruptcy. Detroit promised generous pensions, but the socialism caused people to move away. They could't afford to pay lavish pensions with a far smaller tax base.

People are already leaving California. The more they hike the taxes, the more free people will decide to leave. Calpers will be very surprised that Californians can say no. Republicans should be out there explaining what is going to happen and winning legislative seats.

7 posted on 11/29/2015 7:09:04 PM PST by Vince Ferrer
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To: Vince Ferrer

the people leaving Cal are the retirees getting their big payoffs but not having to live in the mess they themselves help create....


19 posted on 11/29/2015 8:37:02 PM PST by cherry
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To: Vince Ferrer

And some of these people are state retirees taking their checks to Nevada and Washington and paying no income tax.


21 posted on 11/29/2015 8:42:54 PM PST by morphing libertarian
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To: Vince Ferrer
The problem Is two fold, guaranteeing very high payouts, and promising large returns on invested funds. A 20 year CHP retiree will make 60% of his high 3 years. I don't know if that includes overtime.

By comparison a 20 year FBI agent would make 34% of the average of his high 3, without the ability to spike his overtime.

22 posted on 11/29/2015 8:43:02 PM PST by USNBandit (Sarcasm engaged at all times)
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To: Vince Ferrer

New Jersey is in the same quandary, and Christie has done well at the polls by raising the alarm about it. Whatever his faults, Chris Christie has all the right enemies. When the Asbury Park Press released the salary figures of every public school teacher in NJ, it fundamentally changed the game; the nonsense about “underpaid teachers” (who work less than half the year) was put to rest forever. They were clearly the enemy of taxpayers, not for drawing paychecks but for growing them (and their pensions/benefits) while increasing numbers of NJ homes went into foreclosure.


33 posted on 11/30/2015 3:52:53 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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