Monday, May 11, 2009

Because That's Where They Keep The Money



State proposal could borrow millions from cities
The plan would affect cities, counties, towns and some other local districts. Under a ballot measure passed in 2004, the state would be required to repay the money in three years with interest.
The 8 percent loss would come as local agencies are already cutting police, public works, parks and other services.
The League of California Cities alerted local leaders to the proposal last week. Chris McKenzie, the league's executive director, called the borrowing plan irresponsible, saying it would make more public safety cuts likely because local governments are already burdened with cutbacks. The league is urging Gov. Arnold Schwarzenegger to reject the idea.

It isn't their money. Thus ends civilization.

19 comments:

Ala Douche said...

Serin's father works for the state of California, which just goes to show how lax their hiring requirements are.

Structural Design Tech... this guy is working on the bridges you folks use every day. Yikes.

w said...

First to say that this is getting really good. The only problem is that watching in real time is so agonizingly slow.

Lou Minatti said...

My kids will be paying for California state employees for decades. Not one word, Golden Shower Staters, about not getting back as much as you pay into the Federal system. Just shut yer pieholes. For years we have subsidized your housing bubble via the mortgage interest deduction scam, now we will subsidize your government bubble.

Akubi said...

Wagga found Casey's new GF in a green algae-filled pool!Modesto is awesome!

Lost Cause said...

What is it with you people and the working man? Is it such a crime to work for a living and expect things like a decent salary and a retirement plan -- even if you work for the state? There are so few other jobs that have not gone to contract labor or outsourcing. Why the hostility, Lou?

edgar said...

The pig politicos will never cut their own pay, even though they are more useless than tits on a boar.

w said...

I do not understand why pay for government jobs is not based on the number of qualified applicants. If you have lots of people applying for the job the pay goes down. If nobody is applying then the pay goes up.

Lost Cause,

Not hostility, frustration. Looking at teachers since they account for half of the state spending we see taht in Ventura County the average teacher makes the county median family income. On top of that they get generous benefits and time off. Then add in the pension and medical for life and they are getting paid better than most folks in the private sector.

So is it any suprise that when the state is broke, taxes are about the highest in the nation and the government will not balance it's spending with it's current income people get a little hostile? Most people just want the state to live within it's current means and not perpetually ask for more and more taxes.

Lex said...

"...because that's where they keep the money"

Talk about irony. If Willie Sutton was alive today, he'd be angling for a job at Goldman Sachs.

On the subject of spending, Larry Littlefield correctly identifies public employee unions and the wall street cartelistas as
brothers in arms

tj and the bear said...

expect things like a decent salary and a retirement plan

Lost Cause,

You know nothing about CA. They're not "decent", they're gold-plated. We wouldn't even be talking about them if they were "decent".

Peripheral Visionary said...

Lost Cause, the frustration is not with the employees as much as it is with the government and union officials who set these plans up. They are shameless, egregious giveaways where the government has made huge promises in pension benefits that will inevitably have to be paid for by the next generation. It was vote-buying, plain and simple, where politicians promised other peoples' money (in this case, "other people" being the next generation) to buy the support of state employees. They knew that current salaries would have to come out of current revenues, so they hid the vote-buying in future benefits, specifically pensions.

And it should be noted that, in many cases, not even current government employees get as good a deal as government retirees are now getting. In my agency, as in many others, there are two retirement plans--one with a very generous percentage-of-final-salary pension, the other being the equivalent of a 401(k), only with lousy investment options. Which plan you get depends on when you started working for the government--not surprisingly, it's Boomers who get the sweetheart deal while the younger generation is effectively on their own.

None of that is the working man's fault, but it doesn't change the fact that it absolutely stinks. It's a system that rewards playing safe and does nothing to discourage mediocrity--just fill out the paperwork and keep your nose clean until you're 55, and then you're set for however long you live after that, regardless of what you have or have not done for the state or for the nation. It's a rotten system and it needs to change, and I see absolutely no reason why the system should be protected from renegotiation, or resolution in bankruptcy court if necessary.

w said...

tj, it's funny that the businesses who follow the state paradigm for "decent income and retirement plans" are all wards of the federal government while their domestically based foreign competition eats their lunch.

What are the CA public employee union members going to do when they have their benefits cut?

A)Quit and become mortgage brokers
B)Go into construction
C)Open a small business
D)Bitch, whine and go to work like usual

tj and the bear said...

Mayor Villaraigosa wants council to declare emergency and calls for layoffs1:36 PM | May 12, 2009

Citing a $529-million budget deficit, Mayor Antonio Villaraigosa urged the City Council on Tuesday to declare a fiscal emergency and called for mandatory work furloughs and layoffs targeting 1,000 city employees.


It's getting interesting in LALA land.

http://latimesblogs.latimes.com/lanow/2009/05/my-entry-3.html

NHSteph said...

Oooh, the MSM found the other shoe!itsallgood!

Tyrone said...

The insanity just grows and grows.

To self: More gold, more silver, more gold, more silver,...

Ashley said...

More Serin updates, walrus.

Akubi said...

Bloggercasey is only open for invites now as far as I can tell...

Akubi said...

Tumblr would probably be a better fit for him anyway.

Mike said...

Is it still Christmas?

http://www.redfin.com/CA/Ventura/10488-Graham-Ct-93004/home/4434937

w said...

Mike, it took me a minute to see it.