Military, feh. You got some real live Keynesianism.
Cal GDP ('Gross State Product'): $ 1,812,968 million
http://www.bea.gov/regional/gsp/action.cfm
Cal state gov outstanding debt $ 104,460,633,645.27 (love that 27
cents) http://www.treasurer.ca.gov/bonds/debt/200808/summary.pdf
(probably not exhaustive, all kinds of oddball off-budget accounts)
So if CA was a nation, and who is to say it isn't, it's debt/GDP ratio
would be only 5.8%.
Or more, if the pending high-speed train $10 billion bond issue passes this
Nov.
Laissez les bon temps roulez!!
> ----- Original Message -----
> From: Jim Devine
> Sent: 09/09/08 07:02 pm
> To: Progressive Economics
> Subject: Re: [Pen-l] When unions go bad..
>
> Hey, it's California's version of military Keynesianism!
>
> On Tue, Sep 9, 2008 at 3:26 PM, raghu <[EMAIL PROTECTED]> wrote:
> > The California prison guards union is in the news again, this time
> > threatening to recall the Governator. That might be a worthy cause but
> their
> > stated reasons for this are typically parochial:
> >
> > http://www.businessweek.com/ap/financialnews/D932POD00.htm
> > -------------------------------------snip
> >
> > The union also criticized Schwarzenegger for not exempting its members
> from
> > an executive order intended to reduce pay for tens of thousands of
> state
> > employees to deal with the state's budget crisis.
> >
> > Mike Jimenez, president of the California Correctional Peace Officers
> > Association, said the governor should have allowed overtime pay for
> prison
> > guards during the budget crisis. Many guards increase their salaries
> > significantly with overtime.
> >
> > This is the same union that has in the past aligned itself with the
> > for-profit prison companies in lobbying for senseless laws like the
> > California 3-Strikes Law ("The Prison Guards Employment Assurance Act")
> > because it is in the selfish short-term interests of its members. Even
> those
> > with radical ideas who are naturally inclined to support working-class
> > organizations find this union's politics quite repulsive.
> >
> >
> http://www.law.stanford.edu/program/centers/scjc/workingpapers/BCarassco-wp4_06.pdf
> > http://igs.berkeley.edu/library/htCaliforniaPrisonUnion.htm
> > -------------------------------------snip
> >
> > The California Prison system is the third largest penal system in the
> > country, costing $5.7 billion dollars a year and housing over 161,000
> > inmates. Since 1980 the number of California prisons has tripled and
> the
> > number of inmates has jumped significantly. In the past few years
> > controversies involving prison expansion, sky-rocketing costs, and
> claims of
> > mismanagement and inmate abuse have put the California prison system
> under
> > heightened public scrutiny.
> >
> > The California Correctional Peace Officers Association (CCPOA) is the
> > California prison guards' union. In recent years the CCPOA has become a
> > major player in California politics. Its political influence has grown
> to
> > the point that it is widely considered to be one of the most powerful
> > political forces in Sacramento. Its lobbying efforts and campaign
> > contributions have greatly facilitated the passage of legislation
> favorable
> > to union members.
> >
> > The CCPOA takes the position that correctional personnel perform a
> vital
> > public service that puts them under great danger and stress, and
> therefore
> > makes no apologies for its aggressive promotion of member interests and
> its
> > high-profile role in California correctional policy. CCPOA's critics
> argue
> > that the union has become too powerful in California politics, that it
> has
> > used its power to unfair advantage, and that it has been an impediment
> to
> > constructive debate and openness about the state of California prisons.
> >
> > -raghu.
> >
> > --
> > Do unto others BEFORE they do unto you!
> >
> >
> >
> > _______________________________________________
> > pen-l mailing list
> > [email protected]
> > https://lists.csuchico.edu/mailman/listinfo/pen-l
> >
> >
>
>
>
> --
> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
> way and let people talk.) -- Karl, paraphrasing Dante.
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