California

SunSeeker

(57,917 posts)

3. Yup. And the sudden jump in CA debt is due to changed accounting.

Fri Mar 18, 2016, 11:42 PM

Mar 2016

Kind of like how the US post office suddenly had a huge debt after they were forced to account for 75 years of benefits for each employee as debt.

Sadly, most Californians are all for slashing state government pensions. They don't realize the average state pension is only $13k/yr and state employees took a smaller salary than in the private sector in order to get that benefit. Private sector employees resent state employees' pensions because most private sector employees have no pensions.

Reminds of the old Russian proverb:
"My neighbor has a cow. I have none. I want his cow to die."

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California’s pension debt puts it $175.1 billion in the red [View all] TexasTowelie Mar 2016 OP

That is an RW/DINO talking point KamaAina Mar 2016 #1

My apologies since it wasn't my intention to prop up RW talking points. TexasTowelie Mar 2016 #2

Exactly. The bogus new way of measuring CA debt reminds me of the USPS. SunSeeker Mar 2016 #4

Yup. And the sudden jump in CA debt is due to changed accounting. SunSeeker Mar 2016 #3

Who changed it, and when? KamaAina Mar 2016 #7

A GOP - influenced Board. SunSeeker Mar 2016 #10

That's what I figured. KamaAina Mar 2016 #11

No, it's just math. Throd Mar 2016 #9

The only pension liability that should be listed as debt... JayhawkSD Mar 2016 #5

Then it's best not to move here. Don't bother trying to find a place here.. vkkv Mar 2016 #6

We need to cut corporate subsidies... RepubliCON-Watch Mar 2016 #8