California Passes Budget, SCIF Says Proposal to Sell Its Assets Have Failed

July 27, 2009

  • July 27, 2009 at 12:27 pm
    Voice of Common Sense says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Why would anyone want part of SCIF? A % of a loser account is throwing good $ after bad.

  • July 27, 2009 at 1:09 am
    Baxtor says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    It is working, that’s why the politicians struggled so much to pass a budget because they have all their friends that they throw money to. However, they sure like to blame others on why they had to cut education. They don’t have to cut education, but that would mean they can’t give money back to the lobbyists.

  • July 27, 2009 at 4:04 am
    Roc says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    “But despite a two-thirds vote requirement that hamstrings our ability to pass responsible revenue solutions, we’ve prevented irreparable harm to our schools and prevented the proposed elimination of California’s safety net.”
    Yes Karen, it’s always easier for you politicians to buy your votes by raising taxes for giveaway programs. The so called “social safety net” should have been scrapped completely and the money spent on education. Get your priorities straight. There are entire generations of families that have lived on welfare, food stamps and section 8 housing – why not, there is no incentive to do anything else.
    If not for the 2/3 rule there would probably be an outright rebellion going on as these cretins do not know how to balance a budget otherwise. They really miss the old days (pre prop 13) when they could just raise property taxes on any whim to fund their grandiose utopia plans and have never gotten over it. And they wonder why their ratings are so low…..

  • July 27, 2009 at 6:02 am
    paul avila says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    These are the biggest “financial black holes”in the state.Not the library,beaches,state parks,ect.Private industry knows this,imagine,work for a northern california city and RERTIRE on a 200,000 a year pension,like a retired fire chief has just done.This is unconscionable.Keep cutting state goverment,the business community is decimated.

  • July 28, 2009 at 8:29 am
    rich mckone says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Lawmakers could find billions in savings in the prison system budget if they were willing to face the correctional employee unions! They could save $2.1 billion by simply increasing correctional contract beds from the current 3% to 10% of capacity, like Texas. Each contract bed saves $30,283 in annual operating costs and avoids spending about $306,000 for construction of a prison bed. It also avoids any early inmate release.

    They could save an additional $500 million or so annually by passing a community corrections act (CCA) authorizing the state to contract with counties for parole supervision. Under a CCA, with criminal courts rather than the Board of Prison Terms dealing with technical parole violations, violation rates would return to standard levels, saving $.5 billion annually.

  • July 28, 2009 at 3:45 am
    D. says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    State Fund is a joke I worked there with a bunch of lazy workers that are protected by supervisors and unions and other factors. I worked my *** off picking assignments out side of duties that i was hired for given an award but then when I had issues with attitudes and work habits of my peers my supervisors did nothing except make me look like the problem. So as others called in sick or came in late and played on the internet I with handful of others worked. I saw the writing on the wall and left. I once told a co worker that if the govenator ever took a walk thru he would say close this place down.

  • September 15, 2009 at 3:01 am
    D says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I also worked at the Fund for over two years. While I was in the field, I did enjoy the freedom and did learn about the industry; but as I learned about it, the more I felt that SCIF was very mismanaged, and I felt that as in my career, I felt ashamed. Makes private sector look like heaven.

    I also feel that some of the people there were incompetent (the ones that were stuck in the office, and seem to be there until retirement), there were good ones too, which I feel sorry for because they deserve better.



Add a Comment

Your email address will not be published. Required fields are marked *

*