Tuesday, March 19, 2019

Better idea, sit still and shut up


Cannot have a referendum without elected officials, it will go no where. That is the reason we elect officials, by the way.

San Diego is screwed, its best bet is to hire fewer workers all together, and a good recession will help them do just that, unfortunately.

At this point, public sector hiring is stopped, or flat. Rewriting pension contracts is not needed, the municipalities need to focus on retaining cash to cover pension payments and health payments past due. At least that gets California through a mild recession.
I think the feeling everywhere is for California to just sit still, shut up, and nose to grindstone. The politicians out here have an extremely difficult tax negotiations coming up.

Having Kamal Harris running around pretending to be a candidate does not help anyone.

Another San Diego paper:

What Happens Now That the U.S. Supreme Court Told the City to Deal With Its Own Pension Mess
The U.S. Supreme Court decided Monday it didn’t want to help the city of San Diego resolve its newest pension mess. But despite the decisive non-decision, nobody has a clue what’s going to happen to city workers hired after 2012. One thing is growing clearer, though: City employees should not expect any big windfalls. 

Workers hired after 2012? Now what? Does the California rule apply? I think not, both parties rejected that with the new pension system.   We are getting crawl back in California, the need to work government backwards, nearly impossible.

Again, given that California's economy is either flat or contracting, I suggest all the municipalities focus on hiring fewer and saving dimes and nickels. I know this is cyclic, but if we want to attemp Euler, as the law requires, then it is time to cycle downward.

If you don't want to cycle, then hey, I have a five part plan for the Swamp which will, indirectly, force most of Cal government to engage in cash flow accounting, solving a bunch of problems. But the likelihood is that the Swamp will end p with a rather chaotic meeting of the elders and who know what comes out, a known unknown. 

At this point, planning for another Nixon moment is prudent. No one in California knows where this ends, and we have already written off Illinois.

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