Quote:
Originally Posted by 9dreizig
California needs to go bankrupt or it will never be fixed.
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Bankruptcy won't help. Californians are just prone to irresponsible behavior in all areas of their lives.
I came to California in 1990 because police officer pay was 1/3 higher in CA than anywhere else and because of the great pension which was 2% @ 50. (2 % of salary for every year worked, up to a maximum of 75%)
So 1999 comes along and a thing called SB 400 is introduced in the state legislature. The bill seeks to change the existing retirement formula for police/fire from 2% @ 50 to 3% @ 50 and raise the cap to 90%.
I laughed and told myself, "fat chance of that ever happening."
SB 400 sailed through the Senate on a 39-to-0 vote and passed the Assembly 70-to-7. Gray Davis signed it into law.
The moral of the story is that Californians are liberals. Look at the State Senate vote and the State Assembly vote on SB 400. Governors are irrelevant in California.
This is a one party state. Democrats rule the day here. Bankruptcy will not fix anything. As soon as the bankruptcy ends, the state legislature will simply go back to business as usual. How do you not understand that???
Are you guys advocating that the senate, assembly and governorship be turned over to the courts indefinitely???
California voters are California voters. It will always be like this. If you don't like it, then leave.
But leave those of us looking forward to 100K pensions alone. (3 years and 9 months to go) 