14 ms·

I think you're projecting, this was cut in the name of balancing the budget by decreasing costs (albeit to help meet a massive budget deficit) if you read the a

I think you're projecting, this was cut in the name of balancing the budget by decreasing costs (albeit to help meet a massive budget deficit) if you read the article.

roenxi 7y ago
I'm working off the rumors [0] that California has a massive long term problem which is generally being ignored by successive governments. I don't see how they can sustain an emergency preparedness program if they have that sort of business-as-usual preparedness problem. Step 1 to me is always be prepared for the most-likely future case, then step 2 is prepare for progressively less likely scenarios. [0] https://www.forbes.com/sites/patrickgleason/2019/04/16/no-californias-finances-are-not-back-in-black/ https://www.forbes.com/sites/patrickgleason/2019/04/16/no-ca...
- bsder 7y ago
  Gov Jerry Brown still had to deal with dipshit Republicans until the jungle primaries got rid of most of them after 2012. California seems to have a lot fewer budgetary issues now that we got rid of most of the Republicans. Funny how getting rid of people who don't want government to work actually improves the functioning of government.
  - TaylorAlexander 7y ago
    I’ve always found demonizing one party to be a poor proxy for the real problems in politics.
    - Turing_Machine 7y ago
      Screeching about how much the other guys suck is always easier than not sucking.
  - Gibbon1 7y ago
    California voters passed Prop 25 which took away the Republicans ability to hold the budget hostage. That took most of the Republicans remaining power away.
    - lern_too_spel 7y ago
      The slow dismantling of Prop 13, which Prop 25 played a part in, has certainly helped a lot. However, Proposition 218 remains largely intact, and California's ballot-box budgeting woes are far from over.
- thedance 7y ago
  I guess if you get your California economic outlook from Grover Norquist's spokesman, you might get an incomplete picture. May I recommend a second source, such as the Bureau of Labor Statistics or other reputable agency?
- bpodgursky 7y ago
  That article was written during a booming stock market, too. CalPERS (the retirement fund in question) projects something like 7-8% stock returns to stay even nominally solvent. If the market doesn't (pretty much fully) recover within the next six months, the entire CA pension system is going to be catastrophically insolvent.
  - 3fe9a03ccd14ca5 7y ago
    The sad part is that the pension system is already walking dead. They’re going to need a bailout, it’s only now people are starting to have real conversations about it. Should the CA tax payer pick up the bill for promises made to state employees that were never expected to be payable? We’ll see how that goes. Either way the tax payer and the pensioners lose.

I think you're projecting, this was cut in the name of balancing the budget by decreasing costs (albeit to help meet a massive budget deficit) if you read the article.

roenxi 7y ago

I'm working off the rumors [0] that California has a massive long term problem which is generally being ignored by successive governments. I don't see how they can sustain an emergency preparedness program if they have that sort of business-as-usual preparedness problem. Step 1 to me is always be prepared for the most-likely future case, then step 2 is prepare for progressively less likely scenarios. [0] https://www.forbes.com/sites/patrickgleason/2019/04/16/no-californias-finances-are-not-back-in-black/ https://www.forbes.com/sites/patrickgleason/2019/04/16/no-ca...

bsder 7y ago
Gov Jerry Brown still had to deal with dipshit Republicans until the jungle primaries got rid of most of them after 2012. California seems to have a lot fewer budgetary issues now that we got rid of most of the Republicans. Funny how getting rid of people who don't want government to work actually improves the functioning of government.
- TaylorAlexander 7y ago
  I’ve always found demonizing one party to be a poor proxy for the real problems in politics.
  - Turing_Machine 7y ago
    Screeching about how much the other guys suck is always easier than not sucking.
- Gibbon1 7y ago
  California voters passed Prop 25 which took away the Republicans ability to hold the budget hostage. That took most of the Republicans remaining power away.
  - lern_too_spel 7y ago
    The slow dismantling of Prop 13, which Prop 25 played a part in, has certainly helped a lot. However, Proposition 218 remains largely intact, and California's ballot-box budgeting woes are far from over.
thedance 7y ago
I guess if you get your California economic outlook from Grover Norquist's spokesman, you might get an incomplete picture. May I recommend a second source, such as the Bureau of Labor Statistics or other reputable agency?
bpodgursky 7y ago
That article was written during a booming stock market, too. CalPERS (the retirement fund in question) projects something like 7-8% stock returns to stay even nominally solvent. If the market doesn't (pretty much fully) recover within the next six months, the entire CA pension system is going to be catastrophically insolvent.
- 3fe9a03ccd14ca5 7y ago
  The sad part is that the pension system is already walking dead. They’re going to need a bailout, it’s only now people are starting to have real conversations about it. Should the CA tax payer pick up the bill for promises made to state employees that were never expected to be payable? We’ll see how that goes. Either way the tax payer and the pensioners lose.