Cayman Islands Classic





MelroseHawkins said:
You have a state where most living there put themselves on a pedestal over everyone else, yet their state is in the most financial mess of any other and damn near bankrupt. I presume the federal government will have to bail them out at some point. So for a bunch of goody tooshoos who have to live 10 to an apartment to afford to live there along with paying $6 gallon of milk, they sure aren't shy telling you how much better they got it then you.

Yes it is beautiful. Makes you wonder how a state government with all the tourist money can so mismanage the state to where it is now financially. They live in the moment and don't really have a clue of the value of a dollar or the concept of budgeting.

Off my soap box!! lol.
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I thought our neighbor to the east was in the worst mess financially?
 




MelroseHawkins said:
You have a state where most living there put themselves on a pedestal over everyone else, yet their state is in the most financial mess of any other and damn near bankrupt. I presume the federal government will have to bail them out at some point. So for a bunch of goody tooshoos who have to live 10 to an apartment to afford to live there along with paying $6 gallon of milk, they sure aren't shy telling you how much better they got it then you.

Yes it is beautiful. Makes you wonder how a state government with all the tourist money can so mismanage the state to where it is now financially. They live in the moment and don't really have a clue of the value of a dollar or the concept of budgeting.

Off my soap box!! lol.
Click to expand...

Most of their debt comes from their population. Americans are getting old, and our parents negotiated some of the dumbest state pensions and state retirement deals imaginable. Now the baby boomers are retiring and these deals are coming home to roost and the states cant afford it. There are too many old people to collecting state pensions and healthcare. Its a problem across the country, its just expanded greatly in larger cities with more retirees.

Sadly it will continue to be a problem until the deals are renegotiated (which is happening) or the baby boomers die off and the population normalizes. The baby boomer generation likes to criticize the "kids today", but the truth is they stuck their following generations with a ton of debt. Passing the buck has been a problem for a lot longer than people think.
 


Actually since Governor Brown has been in office, California has made substantial progress on deficit reduction. In fact, for the 2017-2018 fiscal year, they face no significant deficit and they are actually building a budgetary reserve and working on paying down the state's debt. That is more than we can say for the country as a whole.
 


mopkins said:
Most of their debt comes from their population. Americans are getting old, and our parents negotiated some of the dumbest state pensions and state retirement deals imaginable. Now the baby boomers are retiring and these deals are coming home to roost and the states cant afford it. There are too many old people to collecting state pensions and healthcare. Its a problem across the country, its just expanded greatly in larger cities with more retirees.

Sadly it will continue to be a problem until the deals are renegotiated (which is happening) or the baby boomers die off and the population normalizes. The baby boomer generation likes to criticize the "kids today", but the truth is they stuck their following generations with a ton of debt. Passing the buck has been a problem for a lot longer than people think.
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Yes, you are correct. I always thought the Boomers were going to have an impact in that area.

Actually, this is what has doomed Chicago as they offered police & firemen a great retirement deal where they could retire rediculously early. They've now found they can't get the revenue to fund all the retirements for all those years.
 


MelroseHawkins said:
Yes, you are correct. I always thought the Boomers were going to have an impact in that area.

Actually, this is what has doomed Chicago as they offered police & firemen a great retirement deal where they could retire rediculously early. They've now found they can't get the revenue to fund all the retirements for all those years.
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You forget the main thing. It is the corruption of the officials and not the actual generation. There was something in it for the politicians and it wasn't just about getting re-elected. Until people understand that, we will tear each other apart while the real culprits get away.

Sort of why I'm hard on athletic corruption and turning a blind eye because we are fans or our team wouldn't do that.
 


MelroseHawkins said:
You have a state where most living there put themselves on a pedestal over everyone else, yet their state is in the most financial mess of any other and damn near bankrupt. I presume the AMERICAN TAXPAYERS will have to bail them out at some point. So for a bunch of goody tooshoos who have to live 10 to an apartment to afford to live there along with paying $6 gallon of milk, they sure aren't shy telling you how much better they got it then you.

Yes it is beautiful. Makes you wonder how a state government with all the tourist money can so mismanage the state to where it is now financially. They live in the moment and don't really have a clue of the value of a dollar or the concept of budgeting.

Off my soap box!! lol.
Click to expand...
Edited two words. Other than that...straight on.
 


HawkGold said:
You forget the main thing. It is the corruption of the officials and not the actual generation. There was something in it for the politicians and it wasn't just about getting re-elected. Until people understand that, we will tear each other apart while the real culprits get away.

Sort of why I'm hard on athletic corruption and turning a blind eye because we are fans or our team wouldn't do that.
Click to expand...


Fair enough. Agree.
 


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