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Do You Live In A Political Bubble?

WokeandBroke said:
Or maybe they noticed when all the factories that they used to work at closed. It could be that.
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The democrats closed their factories on them? Damn no wonder they switched over! Those democrats are always going around closing factories!!!!

Couldn’t have been globalization, automation/innovation, financial dereg, decline of coal. Globalization and open trade were republican-supported until Trump. Financial dereg is a staple. What dem policies/legislation led to factory closings?
 
BillBrasky said:
Thanks Reaganomics! I'm sure the money made by corporations who moved out of town is going to trickle down into their pockets anytime now.
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Please don't push for a national minimum wage and then blame other people when the jobs leave. If you break it, buy it.

People didn't stop making cars in America. They stopped making them in union states. We make more cars in places in the South than we do in Detroit for a reason. Reagan was President in both places, last time I checked. Sometimes Dems just screw up. It's okay to say so.
 
if we had consistent labor standards corporations couldn't run to states where people are treated worse
 
ImTheCaptain said:
if we had consistent labor standards corporations couldn't run to states where people are treated worse
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If we have economically-connected labor market, states would have to learn to live on Economic Earth, instead of pushing unsustainable policies that are going to bankrupt Illinois and California.
 
So unionized democrats in the rust belt left the dem party because of its support for the unions to join the republicans who supported management? This is how dems left them behind? They should have supported management like in south shithole Carolina to save the factories? Essentially, the democrats should have become republicans to save their support?
 
ImTheCaptain said:
notoriously bankrupt california
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Indeed: The California Pension system is way under water and in dire need of reform. The state's unfunded pension and retirement liabilities approach $1 trillion, or roughly $80,000 for each taxpayer in the state. Given its aging workforce and increasing longevity, actuaries project this shortfall to increase in the next few years.
***
One of the myriad long-term consequences of the pandemic will be the hastening of the date of insolvency of numerous state pension plans. Nowhere is this more evident than in California, where the pension crisis is largely driven by the generous pensions given to public safety officers. A typical police officer or firefighter retires in his or her early fifties and receives a pension worth about $90,000.
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WokeandBroke said:
They believe that reversing the trade deals, stabilizing the labor market by enforcing immigration rules and putting their country first IS the right thing to do. You obviously have different opinions. They know what the Dems stand for and decided after about a generation of voting for Dems to stop. Don't they have the right? Why is the burden on them to explain their reasoning to you?
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I wasn’t talking about the voters. I was talking about the leaders of your party, who turned their back on the things they used to care about to make a deal with the devil, which includes not only Trump but also obfuscating their own policy goals by weaponizing misinformation. You’re choosing to stand with those party leaders.
 
So working class people (labor) seeking better compensation lost to states with shittier compensation and a lower standard of living, and upper middle class professional conservatives (management) gleefully get to blame the Democratic Party for this loss and wag their finger and claim told you so and those voters shuffle over to the Republican Party and this is the evidence that the dems left them behind? You people are amazing
 
WokeandBroke said:
Indeed: The California Pension system is way under water and in dire need of reform. The state's unfunded pension and retirement liabilities approach $1 trillion, or roughly $80,000 for each taxpayer in the state. Given its aging workforce and increasing longevity, actuaries project this shortfall to increase in the next few years.
***
One of the myriad long-term consequences of the pandemic will be the hastening of the date of insolvency of numerous state pension plans. Nowhere is this more evident than in California, where the pension crisis is largely driven by the generous pensions given to public safety officers. A typical police officer or firefighter retires in his or her early fifties and receives a pension worth about $90,000.
***
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it's become so bad that Caitlin Jenner's fellow private jet owner can no longer stand seeing the homeless and is outta there !
 
WokeandBroke said:
Their pension system is a trillion dollars underfunded. Congratulations. You almost solved 8% of the problem. You're off to a great start!
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Underfunded as it pertains to current liabilities? Or future liabilities, including expected payouts 40 years down the road?
 
MHBDemon said:
It seems like some people on here desperately want to rehabilitate conservatism, or republicans.
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Eh Jh is an obvious addict won’t be reached. He 100% supports Trumpism which everyone but him realizes. It’s more to see just how far he can go in playing a terrible hand. Like Susan’s parents having George drive them all the way out to his fictitious place in the hamptons.
 
06deacon said:
Underfunded as it pertains to current liabilities? Or future liabilities, including expected payouts 40 years down the road?
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Every year, the State of California collects money for pensions from current employees and employers, but this amount is less than the amount they pay in pensions, thus are running a deficit. This has lead to CalPERS, the California Public Employees’ Retirement System, despite being one of the biggest investors in the world with over $300 billion in assets, being worth less than 68% of what it owes in pensions. California’s other main pension system, the California State Teachers’ Retirement System (CalSTRS), also has the same issue with unfunded liabilities of $97 billion, being worth only 64% of what it owes. These deficits are expected to continue growing if kept untouched, with spending on pensions rising each year as more public sector workers retire. This brings California in a very difficult spot of having to make several major decisions and having to do so quickly before these deficits snowball.
 
Thank you for the copy pasta reff.

I’m thinking you’re not comparing apples to apples, due to the way assets and liabilities are measured for balance sheet purposes. Which leads to unfortunate conclusions like your trillion dollars you made up.
 
06deacon said:
Thank you for the copy pasta reff.

I’m thinking you’re not comparing apples to apples, due to the way assets and liabilities are measured for balance sheet purposes. Which leads to unfortunate conclusions like your trillion dollars you made up.
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That would be right out of a Forbes magazine article. Here you go, sport: https://www.forbes.com/sites/ikebra...-emergency-services-in-house/?sh=364013c3629a

They cited the California Policy Center study, linked here: https://californiapolicycenter.org/californias-state-and-local-liabilities-total-1-5-trillion-2/

Sorry, but you're not going to be able to shout away math. It's not all OrangeManBad and virtue-signaling yard signs. You're eventually going to have to face the music and do some math.
 
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