There's simply no reason to believe that throwing more money at these systemic problems will fix them. In fact, it may well exacerbate them instead.
California has, along the US states, a fairly moderate pension issue measured per capita or per GDP. It has big absolute numbers, as with nearly every other issue, because it's a very big state.
A more important question is how much room to manoeuvre does California have?
If California increases taxes by 5% to fix the issue how many businesses and highly paid employees will leave?
That's very hard to say.
> If California increases taxes by 5% to fix the issue how many businesses and highly paid employees will leave?
Even if it was a simple as taxes being a single number where distribution of the taxes doesn't matter, there's no consensus on the average effect of increases. And, in reality the distribution probably matters intensely.
(And, of course, taxes aren't the only lever; maybe California instead radically cuts back on mass incarceration; to the extent that California has less room to maneuver in taxes it has more on spending, which in some ways is better for this purpose—spending cuts tend to also inherently reduce the rate at which the problem is made worse, before you even consider how the savings are applied. Either spending or tax, though, may take ballot action or legislative supermajority, because much of State spending in CA is programmed by Constitution/ballot measure, and tax increases can't be done with a simple legislative majority.)
Also, no reason to believe just 5% will fix the issue.
There is no such thing on significt public policy issues; if it matters, and there are different opinions, it will become partisan.
That's the key point. Budget broken so we can't pay for something? Let's talk about putting money in. Systemic problem where the people making decisions about spending the money are the same people receiving benefits? You can't write a check to fix that. This isn't a traditional "how much do we tax and what do we spend our money on?" public policy discussion.
Systemic problems are another kind of problem entirely. They deserve and require non-partisan attention and discussion.