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There's a big difference between an actual surplus and a "surplus" based on accounting gimmicks. You can only pretend California is in surplus by pretending to believe the state retirement systems really will return 8% on average.

Nobody believes that.



Please explain which gimmicks you think are currently active. Your knowledge of California budgets seems to be a few years dated. We've reformed a lot about the budget process in the last few years. Up to and including how many votes are needed.

There's a lot wrong in California, but a lot of people are barking up the trees from years ago instead of the ones that are real problems today.


I put the biggest gimmick right there in my post. What does "how many votes are needed" have to do with returns on state retirement funds?

This is not barking up trees from years ago. They have done nothing to address the structural problems in the state budget.




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