Stockton Ca. Like Detroit is going to go bankrupt. Who is to blame? The Tax payers, for refusing to pay any more taxes? The politicians and the unions, for signing contracts that were unsustainable?
GINGERBREAD
2012/06/26 01:20:57
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Top Opinion
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Leasheryn/Lady Willpower 2012/06/26 01:35:47The previous politicians, in collusion with the unions, signed agreements, th...+6The politicians and unions who do not have a realistic view of the economic crisis facing America.


















How about the politicians in Stockton that spent money like it was on fire because Stockton was ground zero for the housing bubble collapse? I bet you the "unions" didnt get jack in the way of more compensation. But now they want to start clawing back long term commitments.
Way to go Gingerbread on understanding the "whole" story.
BTW - didnt the state have to bail out Orange County and continues to this day? Maybe economics and finance is just not your expertise. Just sayin.
Moreover, your answer was an uninformed attack on me, who doesn't even live in or near Orange County. You don't address the truth that union contracts are killing this country, not only in the public sector.
Name me another CA county that has gone bankrupt? Bzzzz.... incorrect. None was the right answer.
Why introduce red and blue counties and how is it even relevant to the discussion?
As to the subject ... there is no "truth" to your claim. You are ill informed again. Find another debate you will lose this one if you choose to pursue it. The author of this post knows jack about Stockton or its finances and judging from your posts economics, finance and labor is not your subject either.
Why introduce red and blue counties into the discussion? You brought it up in your generalization of Orange County. I don’t know WHY you brought it up, but you did, and OC is a notoriously conservative stronghold in the state, so I am assuming this was part of your generality.
Lastly, what is my claim that holds no “truth”?
Your claim was that CA "bails out every stinkin' county" was factually incorrect. No other county in CA ever has.
But to get to the meat of your statement regarding unions. You try to pass the myth that unions 1. have caused Stockton to get to this point, and 2. the myth that unions are not needed .... both factually incorrect.
The city unions did not cause Stockton financial hardship. As to the second that is entirely your opinion not rooted in fact.
I am sorry to disagree with your premise about unions not being the ruination of cities, counties, states and corporations - but let’s also not leave the agreeing politicians and corporations - but unions are indeed the groups that demand higher salaries, richer pensions, greater benefits, all without offering anything more than showing up to work the next day. Pensions are not sustainable. As the populous ages, there is no way that anyone can keep paying a growing number of those individuals indefinitely. It’s not like people are routinely croaking off at 68 anymore. Salaries of prison guards, for example, in CA is the highest in the nation, and FIVE TIMES the salary of the same men and women in Oklahoma. It is insane! Cops retire at their highest level of income, and that includes the vacation they bank and cash out in their 20th year, nearly doubling their salaries for that year.
And where are unions really needed, in the US, in the 21st century?
Another one bites the dust!
hehehe
Lets correct you right now ... the "union" is people. Your neighbors doing all those jobs that keep the infrastructure maintained. So "the people" who do those jobs may or may not be reneged on ... that remains to be seen on what happens under chapter 11.
The "union bosses" are also employees ... not "thugs" that many like to tie to the term.
Stockton is broke, there is no denying that but it had NOTHING to do with the employees compensation regardless of the spin that is trying to be put on this.
The bankruptcy of Vallejo, an old port city of 118,000 on San Francisco Bay, was widely watched as a possible way for struggling local governments to cut soaring pension costs.
But when Vallejo emerged from a 31/2-year bankruptcy last November, pensions were untouched. The city actually increased annual payments to CalPERS, reducing pension debt sooner.
Woops .... and another bitch slap for the ignorant. Want to go some more?
You need to get some help or greatly reconfigure your assumptions.
If you want stuff (or more stuff) you have to work for it....
Going into debt , that is non-recoverable is just ignorant....
Politicans spend "other peoples money" , they do not care what for , why or how much...
Just as long as it keeps them in power....
Does that sound like anyone you know?
And the cost of Bush's wars tacked onto Obamas debt.