California: Bills coming due for state spending

The Orange County Register ^ | Sunday, July 14, 2002 | Editors

[Ernest_at_the_Beach]

With the ongoing state budget tussle, many Californians are aware of the large bill that's coming due because of the wild spending spree engaged in by the Davis administration and by his Democratic colleagues, who dominate both houses of the Legislature.

[Ernest_at_the_Beach]

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[dalereed]

I was planning to retire in 15 years at 80 but after reading this it will probably have to be pushed to age 90 as the increased taxes won't allow it.

[Reeses]

The deputies can retire at age 50

And since they can't afford cigarettes anymore they will draw their 90 percent salary for 40 years.

[sam_paine]

I laugh at the whole concept of a "pension."

I'm and engineer, not a part of the magical dotcom boom, and will have neither a vast stock option payout of any kind, nor any traditional pension program. I have to save, and try to protect my investing, and pray a bunch.

My folks talk about how hard it is to buy new cars petween their pensions and soc. security!! Ha!

I will work as an engineer until I am no longer useful to engineering companies and then I will get kicked out on my arse with nary a thank-you and whatever I've managed to save on my own.

It's still a far better deal than communism, tho.