Home › Forums › Financial Markets/Economics › Non-salary CA budget cuts
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May 20, 2009 at 11:22 AM #15731May 20, 2009 at 11:46 AM #403061meadandaleParticipant
I say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.
Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirementBottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.
There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.
I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?
May 20, 2009 at 11:46 AM #403313meadandaleParticipantI say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.
Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirementBottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.
There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.
I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?
May 20, 2009 at 11:46 AM #403549meadandaleParticipantI say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.
Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirementBottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.
There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.
I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?
May 20, 2009 at 11:46 AM #403611meadandaleParticipantI say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.
Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirementBottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.
There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.
I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?
May 20, 2009 at 11:46 AM #403759meadandaleParticipantI say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.
Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirementBottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.
There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.
I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?
May 20, 2009 at 3:18 PM #403142Nor-LA-SD-guyParticipant[quote=beanmaestro]
However, everyone seems to agree that state-paid salaries only total $25b, so we can’t get there with layoffs & furloughs alone. So… how does this go down? [/quote]So what about City and county salaries ???
I bet it gets above $100B once you count those.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
May 20, 2009 at 3:18 PM #403394Nor-LA-SD-guyParticipant[quote=beanmaestro]
However, everyone seems to agree that state-paid salaries only total $25b, so we can’t get there with layoffs & furloughs alone. So… how does this go down? [/quote]So what about City and county salaries ???
I bet it gets above $100B once you count those.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
May 20, 2009 at 3:18 PM #403631Nor-LA-SD-guyParticipant[quote=beanmaestro]
However, everyone seems to agree that state-paid salaries only total $25b, so we can’t get there with layoffs & furloughs alone. So… how does this go down? [/quote]So what about City and county salaries ???
I bet it gets above $100B once you count those.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
May 20, 2009 at 3:18 PM #403690Nor-LA-SD-guyParticipant[quote=beanmaestro]
However, everyone seems to agree that state-paid salaries only total $25b, so we can’t get there with layoffs & furloughs alone. So… how does this go down? [/quote]So what about City and county salaries ???
I bet it gets above $100B once you count those.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
May 20, 2009 at 3:18 PM #403840Nor-LA-SD-guyParticipant[quote=beanmaestro]
However, everyone seems to agree that state-paid salaries only total $25b, so we can’t get there with layoffs & furloughs alone. So… how does this go down? [/quote]So what about City and county salaries ???
I bet it gets above $100B once you count those.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
May 20, 2009 at 3:19 PM #403147EugeneParticipant[quote=Nor-LA-SD-guy]
So what about City and county salaries ???I bet it get above $100B once you count thoese.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
[/quote]
City and county salaries are not paid from state budgets.
May 20, 2009 at 3:19 PM #403399EugeneParticipant[quote=Nor-LA-SD-guy]
So what about City and county salaries ???I bet it get above $100B once you count thoese.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
[/quote]
City and county salaries are not paid from state budgets.
May 20, 2009 at 3:19 PM #403636EugeneParticipant[quote=Nor-LA-SD-guy]
So what about City and county salaries ???I bet it get above $100B once you count thoese.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
[/quote]
City and county salaries are not paid from state budgets.
May 20, 2009 at 3:19 PM #403695EugeneParticipant[quote=Nor-LA-SD-guy]
So what about City and county salaries ???I bet it get above $100B once you count thoese.
I wonder where it all fits in,
This should be interesting, It’s going to be painful but I think a mass Local (city/county) and State BK is the only answer.
[/quote]
City and county salaries are not paid from state budgets.
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