CA is a net contributor to federal coffers. In part because they have raised taxes on their citizens.
Wait until we have to bail out CalPers.
CA is a net contributor to federal coffers. In part because they have raised taxes on their citizens.
Perhaps using leftist math.CA is a net contributor to federal coffers. In part because they have raised taxes on their citizens.
Perhaps using rightist math.But in the real world California is costing everyone in the country big money.
Should be okay, we've been bailing out private sector pensions for decades.Wait until we have to bail out CalPers.
Should be okay, we've been bailing out private sector pensions for decades.
At first glance I was not sure where you were going with this, and thought, "bailing out GM" is in effect similar to bringing back manufacturing. How very Trumpian of Obama."yeah I want my money back for bailing out GM...Chrysler....AIG.....and all those other rich companies who fucked over their employees and got off with no punishment while we saved their retirements. Just divert all company social welfare to public worker pensions.
At first glance I was not sure where you were going with this, and thought, "bailing out GM" is in effect similar to bringing back manufacturing. How very Trumpian of Obama."
I don't disagree with your sentiment, I just note that the private and public sector both compete for workers, and pensions is one way they (used to) do it. Never should have tied pensions to the stock market, though, because as we've seen it's "not the economy".
There is manufacturing on both sides of the border. I've heard the average car "crosses" the border a few dozen times before it's completely finished.And GM is not the manufacturing sector when they moved a lot of production to Canada.
Tend to agree. Allowing TBTF is a bad idea.So abiling out publci pensions is securing the future for thousands of public workers... however GM created their own mess in the private sector so let them figure it out themselves rather than with my money.
Perhaps using leftist math.
But in the real world California is costing everyone in the country big money. From automobile emission controls to massive unfunded pension liabilites. You are all going to subsidize those living in beautiful weather.