I never said it was the fault of democrats. I said it was the fault of politicians. Republicans are as bad as Democrats and I never vote for either party.
And for your information, San Diego and Orange County are not "right-wing." I live in Newport Beach in Orange county and our mayor, Keith Curry, is a liberal democrat as are the mayors of neighboring Laguna Beach and Irvine. (Obama carried 48% of the Orange County vote in 2008, and McCain took 47%.) The Mayor of San Diego, Jerry Sanders, is also a democrat whose current crusade is to legalize same-sex marriage. Does that sound right-wing to you?
California's revenue projections weren't wrong. They were a lie. The projections were for the California economy to continue to grow at an unrealistic pace forever into the future. Everybody knew it was a lie. The LA Times and Orange County Register both ran articles about the phony budget projections. The pension time bomb wasn't a secret, but nobody wanted to deal with it.
Now the problems have come home to roost and many California cities will be declaring bankruptcy over the next couple of years because it's the only way out of the financial mess. Can any city pay 30% of its total budget in employee retirement costs? It's not possible.
And for your information, San Diego and Orange County are not "right-wing." I live in Newport Beach in Orange county and our mayor, Keith Curry, is a liberal democrat as are the mayors of neighboring Laguna Beach and Irvine. (Obama carried 48% of the Orange County vote in 2008, and McCain took 47%.) The Mayor of San Diego, Jerry Sanders, is also a democrat whose current crusade is to legalize same-sex marriage. Does that sound right-wing to you?
California's revenue projections weren't wrong. They were a lie. The projections were for the California economy to continue to grow at an unrealistic pace forever into the future. Everybody knew it was a lie. The LA Times and Orange County Register both ran articles about the phony budget projections. The pension time bomb wasn't a secret, but nobody wanted to deal with it.
Now the problems have come home to roost and many California cities will be declaring bankruptcy over the next couple of years because it's the only way out of the financial mess. Can any city pay 30% of its total budget in employee retirement costs? It's not possible.
Quote from OPTIONAL777:
Oh my.
Are there similar issues in red states?
Yes.
Those states had GOP controlled cities and state governments.
So, it is happening everywhere.
In cities like San Diego, which is right wing, there are problems. In Orange country, the same.
Who is to blame for making bad deals? The union made them do it.
Sure...in a fantasy world.
Revenue projections were wrong, that's the bottom line.
If LA cut all money to illegals, that would be a nice start, and stop blaming the unions for the bad deal that was made.
Look, this only became a major issue recently, the GOP did not run on "Bust the union" platform in the recent elections.
You forgot another solution...massive inflation. That is always a way to cure the ills of the debtor...but that would hurt the wealthy and the bond holders...so that's not going to happen.