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Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Wednesday April 29, 2020 @03:01PM (#23022827)
There was an interesting piece in this week's Atlantic on the motivation for having states declare bankruptcy:

"Under the Constitution, bankruptcy is a power entirely reserved to the federal government. An American bankruptcy is overseen in federal court, by a federal judge, according to federal law. That’s why federal law can allow U.S. cities to go bankrupt, as many have done over the years. That’s why the financial restructuring of Puerto Rico can be overseen by a federal control board. Cities and territories are not sovereigns. Under the U.S. Constitution, U.S. states are.

Understand that, and you begin to understand the appeal of state bankruptcy to Republican legislators in the post-2010 era."

https://www.theatlantic.com/ideas/archive/2020/04/why-mitch-...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by Shivetya on Wednesday April 29, 2020 @04:21PM (#23023755)
His unwillingness to not solve the state's pension problems should be applauded. the amount of unfunded liabilities is in the hundreds of billions of dollars and approaching a trillion if it has not passed that already. This all happened because the number of public servants who are pulling in over 100k has skyrocketed... 100k+ in retirement.. with millions past 50k! Think about that 50k in pay plus medical.

These pensions and their medical side are the reason why the ACA did not touch golden medical plans because the vast majority are in this area along with certain other larger private pension systems. By the way, the House silently dropped that provision entirely from the ACA in 2019 so they any taxation of them is gone.

My favorite story to fall back on is provided below... and there are other states worse off. This type of largess should never have been allowed nor should the tax payer bail them out. People bemoan the pay of executives at private companies, well guess who is right up there in many cases.

https://www.forbes.com/sites/adamandrzejewski/2018/10/26/ill...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by cactus2093 on Wednesday April 29, 2020 @05:14PM (#23024398)
To be fair, in SF for example the median income is $96,000. And I think that's take-home salary, so the median cost to the employer with benefits is well over $100k. It doesn't seem at all unreasonable that important city workers should make at least the area median wage. Having all of the local government employees be the lowest paid people in the city doesn't seem like a good thing.

It is also kind of shocking to see how many employees actually work for city and state governments. And of course government workers have a strong reputation for not being incentivized to work very hard or do more than the bare minimum. I would think the bigger opportunity would be to reduce the size of local government payroll rather than lower everyone's salaries.

Related thought - I wonder, why aren't city and state governments more at the forefront of automating menial work away, given the perpetual costs of each worker on the pension system? It seems they'd have a lot to gain from it.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Wednesday April 29, 2020 @09:31PM (#23026572)
It's great for city workers to make a great wage - just pay for it. Stop pulling shenanigans with pension systems. We just had 11 years of unprecedented growth and pension systems only got worse - expanding benefits and maintaining impossible growth targets.

City and state governments don't pay the bills - that's the problems. Any cuts they make will hurt them in elections, so they just kick the can down the road to the next government.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by lsh123 on Wednesday April 29, 2020 @11:24PM (#23027120)
And another important component is unions. Politician wants to get elected. Unions can help. So politician have to pay back unions later. Can’t break this cycle unless public worker unions are banned.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by alkibiades on Wednesday April 29, 2020 @07:58PM (#23026036)
so why should people in texas pay for the stupid budget decisions of san francisco when they didn’t waste their money?

it’s moral hazard

Re:Lyft lays off 17% of workforce, furloughs hundreds more by adrr on Wednesday April 29, 2020 @08:18PM (#23026190)
Texas is a taker state so California has been paying to support texas for a very long time. Why the moral hazard now? I’ll be fine if we distribute federal expenditures based on tax collections by state. Means California could lower taxes.

https://amp.theatlantic.com/amp/article/361668/

Re:Lyft lays off 17% of workforce, furloughs hundreds more by diebeforei485 on Thursday April 30, 2020 @01:03AM (#23027602)
Texas was and still is a net contributor to the union.

California is no longer a net contributor to the union[1], since SALT reform.

1. https://www.mercurynews.com/2020/04/23/newsom-responds-to-mc...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by adrr on Thursday April 30, 2020 @08:06AM (#23029940)
I don't think you understand that article or how the new tax bill ripped off a million Californians by making them pay tens of thousands extra in taxes. I paid an extra $30k in taxes this year because of that bill. Only being able to deduct $10k taxes made Californias pay more federal taxes. We didn't get anything in return. Thanks for making my point how California pays for everyone else but get nothing in return.

Also for 4 of the 5 top employers in Texas are oil companies. Oil production is subsidized by the feds. Texas is a taker. They also will all go bankrupt unless bailed out with California tax money.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by diebeforei485 on Thursday April 30, 2020 @02:04PM (#23033957)
Any tax break being taken away makes people feel like they're paying "extra" with nothing new in return.

There is no reason for people in other states to subsidize your California state tax payments with a federal tax break.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by alkibiades on Friday May 01, 2020 @12:46AM (#23039223)
why should you have gotten a federal tax break in the first place just because your state decided to have high taxes?

maybe think before electing politicians who raise them if youre upset

Re:Lyft lays off 17% of workforce, furloughs hundreds more by marcusverus on Thursday April 30, 2020 @07:08AM (#23029601)
That Atlantic article is citing an editorial from a personal finance website, written by a journalist. Does that qualify as data?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by hjonb on Wednesday April 29, 2020 @08:11PM (#23026125)
They aren't paying for pensions. They are paying for a massive lack of tax revenue due to COVID.

Funny I never hear the argument from red states "We don't want your federal money for all the poor, sick, disabled, in our state!" considering CA and NY pay WAY WAY more out than they get back in federal money

Re:Lyft lays off 17% of workforce, furloughs hundreds more by hiram112 on Thursday April 30, 2020 @02:08AM (#23027893)
These red state takers idea has propagated throughout social media, and become a talking point used anytime some fiscal argument breaks out between left and right.

And it's mostly absurd, because it just looks at net transfers between the states and Feds without realizing who is actually benefitting from that money.

How many small family farms do you think are left in much of the Midwest, who are living high on the hog with government subsidies, as the left likes to imagine?

Is it a transfer to Iowa or Nebraska when the federal government pays out a few billion in farm subsidies, which then goes straight into the pocket of fund managers in Manhattan, sovereign wealth funds, or megacorps who actually own the farms

How bout when Wall Street got bailed out in 2009 to the tune of hundreds of billions of dollars? Do we count that as a subsidy to New York, Jersey, and Connecticut?

Even if the money was paid back, there's no way to calculate the trillions of dollars citizens of other states lost due to perpetually low interest rates or propping up houses in coastal areas at the expense of people living in low COL areas.

There's a dozen other ways we can measure these types of back door transfers, and I guarantee you, it ends up that those blue coastal states are getting a lot of extra subsidies that the silly stats that you guys use ignore.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by sanp on Wednesday April 29, 2020 @08:09PM (#23026118)
And why should NY or CA residents fund most of the federal budget?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by danielrpa on Wednesday April 29, 2020 @10:25PM (#23026864)
Because they are richer. This is the very same principle employed by both states for their internal taxation - the idea that the more you make, the less you get from your taxes relatively speaking ("the rich" pay higher tax rates in both states).

It's just progressive taxes applied to the entire country, where NY and CA are "the rich" among the states.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by eskaytwo on Wednesday April 29, 2020 @11:01PM (#23027032)
But if the Republican approach is a regressive tax (eg the big tax cut favouring the big end of town) then shouldn’t CA/NY also receive similar treatment? That’s essentially the discrepancy going on here.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by danielrpa on Thursday April 30, 2020 @02:05AM (#23027882)
I'm just saying that if CA/NY believe in "from each according to its ability, to each according to their needs", as they appear to given their tax laws and public policies, people should be fine with them being donor states.

After all, a staunchly republican poor individual in CA/NY still gets the same benefits as a poor democrat, because need (not opinions) dictates how much you get. Of course, Texas isn't exactly poor, my point is more relevant to states like South Carolina, Louisiana etc.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by eldavido on Wednesday April 29, 2020 @04:48PM (#23024100)
People need to understand, the value of a 100% of final-salary pension for people earning 100K retiring at 55-60 is likely millions. It's even worse with the games people play with PTO and other benefits (where they bump pay 20-30% in their last year to get that pension benefit for the rest of their lives).

Look at the average retiree's 401(k) balance for comparison and it gets pretty clear how unfair this is. There's a huge political opportunity for someone to tell this story properly and get a restructuring done.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by clivestaples on Wednesday April 29, 2020 @08:53PM (#23026364)
I saw that a hundred times at a small school district in Southern California. As retirement nears (age 55-59), take a promotion from the classroom to the district office, and a $50-75K pay raise. Three years later, that is the salary used to calculate your pension payments... For life.

I live in a neighborhood with two firefighters who were captains, retired at 50, and make over $100K a year. It's totally unsustainable.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Wednesday April 29, 2020 @09:34PM (#23026588)
It's generational wealth transfer from the young and poor to the old and relatively rich. It should be called fraud and theft, because that's what it is.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by pbourke on Wednesday April 29, 2020 @11:46PM (#23027218)
While we're throwing rocks at teachers and firefighters, would you consider the trillions of dollars that the GOP made off with during the "Tax Cuts and Jobs Act" smash and grab job fraud and theft?

What about the pensions of workers (many unionized) which were obliterated by corporate restructurings during the financial crisis?

Re:Lyft lays off 17% of workforce, furloughs hundreds more by clivestaples on Thursday April 30, 2020 @01:24PM (#23033410)
Fraud is fraud. I'll throw rocks at any grifters stealing from me and my family.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by eldavido on Friday May 01, 2020 @10:33AM (#23042362)
Me too man. Tired of this partisan bickering. Parent obviously doesn't like the GOP, fine, but call a spade a spade.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by clivestaples on Wednesday April 29, 2020 @09:58PM (#23026724)
It is absolutely fraud. The whole idea of public service is that you make sacrifices on the front-end, the public takes care of you through benefits and retirement. There were kindergarten teachers making $120K a year for 6.5 hours per day and ~180 days year. True, they had a masters and 15+ years of experience.

EDIT: The often worked much more hours.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by hiram112 on Thursday April 30, 2020 @02:15AM (#23027927)
Yep. If they paid out the value of those pensions upon retirement at the cost of a similar annuity and an estimate for the health care costs, people would probably be more angry than they are now, as they don't realize just how generous these are.

To buy an annuity at age 55 worth $100k / year with guaranteed health, dental, long term care, etc. for an employee who's estimated to live another 30 years would cost a few million dollars. A quick Google search shows that the media 401k balance at 55 - 65 in the US is under $75k. The amount of non-guaranteed dividends, cap gains, and withdrawals made to ensure it lasts 30 years would probably not even cover the cost of Obamacare from 55 to 65 when they're eligible for Medicare.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by arebop on Wednesday April 29, 2020 @07:50PM (#23025984)
It's one thing to "restructure" the comp package for future employees, and something else to change compensation arrangements retroactively after your employers have upheld their end of the deal.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by treis on Wednesday April 29, 2020 @08:55PM (#23026372)
I don't think it's quite that black and white.

The deal that was struck was between the government workers and the voters at that time. That deal, more or less, said that future tax payers would pay for their pension. As a group, those then future and now present tax payers don't have much of a moral obligation to follow a deal that they never agreed to. And the workers don't get to act indignant that their pensions are in question. Their unions negotiated the agreement and chose to let the buck be passed instead of insisting on pensions being fully funded.

The bargain was, at least in part, corrupt. The various public unions would campaign for and help elect those that would give them more money. An obvious conflict of interest that raises questions on why a shady deal should be upheld.

The pensioners are, in general, gaming the system. They artificially inflate earnings at the end of their career to pump up their pension. Nepotism is rampant and there are plenty of positions with absurd salaries for what they do. They've sold out new entrants in their field to protect their own pensions. In general they're a bag of dicks. Fuck them.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by Gustomaximus on Wednesday April 29, 2020 @08:53PM (#23026362)
> where they bump pay 20-30% in their last year to get that pension benefit for the rest of their lives

I've heard this claim many times before. Is there data supporting this or did a handful of people do it and word spreads like it is far more common that actual.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Wednesday April 29, 2020 @09:38PM (#23026613)
This one is a bit old:

Pension spiking could cost CalPERS nearly $800 million

https://www.latimes.com/business/la-fi-pension-spiking-repor...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by SamReidHughes on Wednesday April 29, 2020 @08:12PM (#23026134)
The thing is, this can only happen federally because of the Contracts Clause, and fixing certain states' problems isn't a national issue.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by hemantv on Wednesday April 29, 2020 @07:11PM (#23025687)
This is just crazy to me, this public servants takes unprecedented risks and take lower pays so they can take stable retirement.

Now it comes time for due, we don't want to fund these anymore.

The entitlement in HN is just too much.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by product50 on Wednesday April 29, 2020 @07:17PM (#23025732)
What risk is an accountant sitting in SF City Hall taking? High risk positions - sure give them more security. Otherwise, treat them like everyone else. Also, people goto govt jobs because of job security as well - which is also a factor in lower income.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by hemantv on Wednesday April 29, 2020 @07:27PM (#23025805)
if you are going to cherry-pick, then so be it.

what about the police, fire department?

Re:Lyft lays off 17% of workforce, furloughs hundreds more by product50 on Wednesday April 29, 2020 @07:29PM (#23025827)
Read my comment. Don't be ignorant. I literally said that for high risk positions, give them more pension.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by treis on Wednesday April 29, 2020 @07:38PM (#23025878)
I don't think the police or fire are taking "unprecedented" risks.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by otterley on Wednesday April 29, 2020 @07:57PM (#23026031)
Perhaps not, but I don't think it's unreasonable to ask for a risk premium in your compensation. If you're more likely to die or be critically injured earlier than someone else of the same age solely because of the work you do, and your family depends on your income, it's not unreasonable to expect to be paid more to make up for the lost expected lifetime income.

(This is true for all dangerous professions, BTW - not just law enforcement and medical personnel.)

Re:Lyft lays off 17% of workforce, furloughs hundreds more by pbourke on Wednesday April 29, 2020 @11:51PM (#23027243)
Would you say that to the police or firefighters who responded to 9/11?

There are outsized risks involved in both occupations.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by hiram112 on Thursday April 30, 2020 @02:23AM (#23027961)
The days where gov workers traded high private sector income for stability and retirement was finaihed sometime in the late 80s, when offshoring, immigration, and massive amounts of productivity started being squeezed from labor to capital.

I live in DC, and at my age many professionals who don't really have any lucrative skills or degrees are now hitting the 6 figure club in late 30s as GS13s. They'd be making less working at some private company without any pension, longer hours, less vacation, and worse benefits, and no guaranteed promotions.

In this town, a lot of people would be more than happy to get a nice office job working for the Federal Government, but it's not that easy anymore unless you're a certain special minority or other who gets pushed to the head of the line.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by mtnGoat on Wednesday April 29, 2020 @07:57PM (#23026034)
Other then police and firepeople... what city jobs are high risk? I think most city jobs are paying in the median and giving well above average benefits. it doesn't make sense.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by unishark on Wednesday April 29, 2020 @11:44PM (#23027203)
> This is just crazy to me, this public servants takes unprecedented risks and take lower pays so they can take stable retirement.

I didn't realize I was signing up for an "unstable retirement" by working in the private sector.

Perhaps you mean "stable jobs", which indeed was historically supposed to be biggest selling-point of govt jobs, and the trade-off for lower pay. Though now when you count benefits, apparently they get the best total compensation too.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by eldavido on Friday May 01, 2020 @10:39AM (#23042404)
The whole thing is so nakedly corrupt. In Illinois, where I'm from, guys like JB Pritzker (governor) and Mike Madigan have made whole careers out of getting elected on the back of organized labor (e.g. AFSCME), and once elected, give them sweetheart deals.

On one hand, it's just part and parcel of politics, but there needs to be some kind of counterbalance to this. Maybe a taxpayer revolt would fix it?

Re:Lyft lays off 17% of workforce, furloughs hundreds more by RestlessMind on Wednesday April 29, 2020 @07:54PM (#23026012)
> Now it comes time for due, we don't want to fund these anymore.

The people who agreed to this never wanted to fund them in the first place. If they had, they would have increased taxes or reduced benefits. Instead, we are seeing guaranteed 3% pension increases annually when inflation is <2% and rosy projections about 8% stock market returns when in practice it's more like 5%.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by hjonb on Wednesday April 29, 2020 @08:15PM (#23026160)
Literally no one is asking for the fed government to pay for those pensions, this is a GOP talking point.

They are asking for help due to hundreds of millions lost in tax revenue.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by bogomipz on Wednesday April 29, 2020 @07:47PM (#23025957)
Police, Fire Department, transit workers yes but the vast majority of public servants are not taking "unprecedented risks" when they are at work. They're inspectors, judges, teachers, budget analysts etc.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mrnobody_67 on Wednesday April 29, 2020 @05:27PM (#23024573)
I ran across that Forbes article yesterday as well... amazing data:

"71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."

Re:Lyft lays off 17% of workforce, furloughs hundreds more by altoidaltoid on Wednesday April 29, 2020 @06:42PM (#23025421)
Consider also that alot of retirees don't stay in Illinois as well. So other states are benefiting from the discretionary spending funded by Illinois taxpayers
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mlthoughts2018 on Wednesday April 29, 2020 @07:55PM (#23026018)
Why would that be a problem? The salary & pension are compensation for the career of labor. No part of the pension that person _earned_ is owed back to the original state. That doesn’t make any sense.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Wednesday April 29, 2020 @11:28PM (#23027136)
When the pension is an unfunded liability, it does change the calculus if everyone receiving it will be spending it off in Florida and not back into the local economy that's paying for it.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by jdkee on Wednesday April 29, 2020 @07:10PM (#23025669)
Illinois also guarantees a 3% COLA regardless of inflation which leads to a doubling of direct pension benefits within 24 years. Not to mention the pension spiking among many administrators in the last four years of employment. It is criminal.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mlthoughts2018 on Wednesday April 29, 2020 @07:53PM (#23026006)
What about this seems wrong or strange? That seems completely and utterly reasonable to me.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by bogomipz on Wednesday April 29, 2020 @07:29PM (#23025823)
Unfunded pension obligations have seemed to be a ticking time bomb for quite a long time now. Some of the per household pension debt ranges are really quite spectacular[1]. If you look at the figures for places like Alaska, California and Connecticut it's hard to imagine them getting out from underneath it.

[1] https://us.pensiontracker.org/

Re:Lyft lays off 17% of workforce, furloughs hundreds more by brohoolio on Wednesday April 29, 2020 @07:49PM (#23025978)
You can easily patch the state revenue holes without fixing the pension obligations. You basically give the states the difference between what they were projecting and what the reality is. By doing this, you fix part of the economy keeping up employment until the private sector can come back online. If you let states fall down right now you are going to turn this into a depression. It just means the beginning of Lyft’s troubles.

There is nothing to applaud with his actions or statements. It’s just malicious and gives the rest of the world a chance to out compete America.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by lokar on Wednesday April 29, 2020 @10:24PM (#23026853)
IMO the issue is pensions are worked out by elected officials who will be long out off office when the bill is due. This encourages dishonest accounting wrt needed present day finding levels.

One fix would be to require that all future obligations be funded up front. Make the pension as generous as you like, but deposit the cash now. If you invest the money and do well, the state can just keep that, but don't assume positive returns.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by eldavido on Friday May 01, 2020 @10:43AM (#23042443)
So, I've thought about this a lot and concluded democratic governments (democratic, not Democratic) just can't do this. The incentives to cheat are just too strong. Problem is accounting standards? There's always a legal-by-the-letter-of-the-law way around these rules (loophole) you can find if you work hard enough (just look at Illinois -- "pension ramps", "pension obligation bonds", etc), and even if there's not, most voters won't care enough to dig into the discount rate and other assumptions being used to forecast pension liabilities.

Perhaps our political culture has changed and people used to be more honest, or far-sighted. But, given the world we live in today, especially given the pressure state and local governments are under, I think there really is no other option than a fully-funded 401(k)-style defined contribution plan, to finally force the issue into the open. There are plenty of well-managed 401(k)s and it's the only way to get "cash on the barrelhead" that keeps everyone honest, and doesn't allow the sort of absurd can-kicking so many governments (and their electorates) have favored for the past 30 years.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by ojbyrne on Thursday April 30, 2020 @01:10AM (#23027627)
I don’t think you meant what you said in the first sentence.

https://en.m.wikipedia.org/wiki/Double_negative

Re:Lyft lays off 17% of workforce, furloughs hundreds more by tehjoker on Wednesday April 29, 2020 @06:28PM (#23025271)
Seriously? We're going to blame old people for not wanting to live in poverty while the heights of the economy sequester trillions of dollars in a power law curve?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by ac29 on Wednesday April 29, 2020 @06:36PM (#23025373)
Many pensions are not the "have $27k/yr starting at age 67" kind, but the "have $100k/yr + benefits starting at age 55" kind. Its the latter that people find upsetting - nothing close to poverty level.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by cortesoft on Wednesday April 29, 2020 @07:02PM (#23025597)
Sure, but people took those jobs in large part because of those pensions. It is part of the entire compensation package. They often times took less money up front in return for better pensions.

The problem is that this was not properly budgeted for when funding the pensions.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Wednesday April 29, 2020 @09:42PM (#23026632)
When you take a job and its benefits are not properly funded or the funding assumptions are insane (8% growth). That's on you.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by cortesoft on Wednesday April 29, 2020 @11:07PM (#23027063)
How is a worker supposed to know if the benefits are properly funded? Even if they can know, some of these used to be funded correctly (when they were hired) but later cuts made them underfunded.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by pbourke on Wednesday April 29, 2020 @11:54PM (#23027254)
Are you serious? You expect a 22 year old firefighter to know how well funded the pension system is?

Give me a break.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by pb7 on Thursday April 30, 2020 @12:22AM (#23027421)
Yes. Stop absolving adults of responsibilities they’re well capable of owning. You don’t get to hide being big dollar signs and claim ignorance.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by pbourke on Thursday April 30, 2020 @12:51AM (#23027546)
So they should comb through auditor's reports, and recognize when the funding entity has been improperly seconding pension contributions over to the general fund such that it will run dry in 23 years instead of the mandated 42?

If we're lucky, we find out about these things when a government changes hands and an audit is conducted - typically years after the fact. Also, one can start one's career under a sound system that is eroded through mismanagement.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Thursday April 30, 2020 @09:23AM (#23030505)
It's in the news all the time - it takes a minute to do a google search. Also, you have a union - if it screws you, well that's on you for being in the union.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by cortesoft on Thursday April 30, 2020 @05:16PM (#23036235)
It's in the news years after the pensions are granted. A lot of people choose the jobs before the news started coming out.

A lot of the people who have these pensions took the jobs before google even existed, so telling them they should have googled this is ridiculous.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by Domenic_S on Wednesday April 29, 2020 @07:33PM (#23025848)
I don't blame workers for taking a good deal. I do blame the folks making crazy promises that have no way to fund without being bailed out.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by EdSharkey on Thursday April 30, 2020 @01:01AM (#23027591)
That blame seems misplaced given the end state.

When the folks making crazy promises are dead and/or gone by the time their promises are broken when the funds come up short, the workers who took the good deal are left holding the bag.

We must retroactively assign blame to the worker who was lured into accepting obvious false promises. It is perversely the most compassionate thing we can do: blame and shame past workers for making stupid deals. We do this so that future generations will learn the hard lesson that governments cannot be trusted with their investments. There is no power in investment.

Blaming past politicians for their malfeasance is exactly how we enable today's politicians to keep kicking the can down the road.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by maxerickson on Wednesday April 29, 2020 @11:08PM (#23027068)
There's lots of proposals in this thread to inflict the consequences on the workers.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by jdkee on Wednesday April 29, 2020 @07:12PM (#23025694)
"They often times took less money up front in return for better pensions."

That is no longer the case when compared with comparable private sector jobs since at least the early 2000s in many parts of the country.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by d3ad1ysp0rk on Wednesday April 29, 2020 @08:23PM (#23026210)
I have never seen this to be the case. Do you have any data?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by lonelappde on Wednesday April 29, 2020 @04:41PM (#23024009)
Should the Federal government return tax money it took from the people of New York to give to the people of Kentucky? Why or why or why not?

The Federal government can easily tax /discredit those wealthy pensioners to fund unemployment insurance, if they do choose.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by DiogenesKynikos on Wednesday April 29, 2020 @04:49PM (#23024122)
It's amazing that the US Federal government seems to be able to provide trillions of dollars in liquidity on a moment's notice to anyone and everyone - except the states.

Airlines? Of course. Junk bond investors? Sure, why not? States? "We're not going to bail out Democratic-run states."

Re:Lyft lays off 17% of workforce, furloughs hundreds more by mrnobody_67 on Wednesday April 29, 2020 @06:45PM (#23025448)
Don't forget Carnival Cruise Lines... which doesn't even pay any taxes in the US as a corporation since it flies a flag of convenience and doesn't employ many Americans.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by coderintherye on Wednesday April 29, 2020 @07:41PM (#23025909)
Re:Lyft lays off 17% of workforce, furloughs hundreds more by DiogenesKynikos on Thursday April 30, 2020 @03:33AM (#23028378)
You're right that they did not specifically bail out Carnival. They bailed out the entire junk bond sector, which allowed companies like Carnival to raise money much more easily.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by hjonb on Wednesday April 29, 2020 @08:16PM (#23026174)
The president and leader of the GOP wanted to give cruise lines, who are NOT paying federal taxes and fly foreign flags to dodge US taxes a giant bailout but give US cities some help? Hell no!
Re:Lyft lays off 17% of workforce, furloughs hundreds more by wonderwonder on Wednesday April 29, 2020 @07:23PM (#23025779)
I mean that's easily explained. The Saudis just purchased 8% of them. Wouldn't want the Saudis to lose money would you? /s
Re:Lyft lays off 17% of workforce, furloughs hundreds more by artificial on Wednesday April 29, 2020 @06:45PM (#23025456)
It would be immensely helpful to see uniforms with all of the campaign contributions each has like a race car driver so you know who butters their bread.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by dillonmckay on Wednesday April 29, 2020 @06:59PM (#23025569)
I would vote for that constitutional amendment.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by artificial on Thursday April 30, 2020 @12:23PM (#23032646)
I'm down, we need a catchy name to start a movement. I'm totally ready to throw this up on a website, there's got to be a place that shows donors and maybe cross reference which bills they support with some sentiment analysis "68% Favorable to Hollywood" and make it like rotten tomatoes.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by A4ET8a8uTh0 on Wednesday April 29, 2020 @05:40PM (#23024705)
In their defense, PR is spectacularly mismanaged. I love the place. I love the food. I love the culture, but there is something really annoying about an island, where everyone is on island time and blackouts are just a part of daily routine.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by huevosabio on Wednesday April 29, 2020 @03:14PM (#23022959)
This is a pretty grim path to follow. If States are to go bankrupt and subject to federal imposition of what debts must be paid, then it may push States to seek further sovereignity. An example being pressure to mint their currency. This is currently banned in the constitution, but if things get dire... they could simply ignore?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by eranima on Wednesday April 29, 2020 @03:28PM (#23023147)
The constitution only has power if people are willing or motivated to enforce it.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by sangnoir on Wednesday April 29, 2020 @05:01PM (#23024253)
In the apocryphal words of president Andrew Jackson: "John Marshall has made his decision; now let him enforce it!"
Re:Lyft lays off 17% of workforce, furloughs hundreds more by grappler on Wednesday April 29, 2020 @11:24PM (#23027119)
The train of thought I'm on now is: why was keeping the Union together back in the civil war such a great thing?

Now we have this bloc of red states in the South who are backward, racist, intolerant science deniers, and they've managed to get just enough on the winning side of the electoral map to make the advanced, multicultural, cosmopolitan science-respecting blue states' lives miserable.

That chunk of states should be a separate country. Then they can go their own way and the rest of us can carry on without them.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by chao- on Thursday April 30, 2020 @03:52AM (#23028513)
The resolution you choose has some stark effects on the narrative that you will allow yourself to be convinced of. The idea of "red state, blue state" is a peculiar consequence of a winner-take-all presidential election system, and does not adequately represent reality. An underlying truth, viewed at another resolution, is that there are red and blue densities moreso than states [0]. The current (and changing) distribution of densities across the states has currently led to what you perceive as the "red state, blue state" situation, when zoomed out and with a blur filter applied

For example, take a useful look at CityLab's Congressional Density Indicator [1]. There are zero "pure urban" districts that are represented by Republicans, regardless of the state (red, blue, purple), and there are nearly none among the "urban-suburban mix" districts (again regardless of state).

Viewed through yet another lens, by percentage of landmass, Alabama is more is more "blue" than Illinois and Oregon [2]. Your characterization could use a little more thought and refinement.

[0] https://www.niskanencenter.org/wp-content/uploads/2019/09/Wi... (see section beginning page 12)

[1] https://www.citylab.com/equity/2018/11/citylab-congressional...

[2] https://www.nytimes.com/interactive/2018/upshot/election-201...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by grappler on Thursday April 30, 2020 @10:45AM (#23031334)
You are right, and I made this simplification with full awareness that I was doing so.

On the other hand, I really like the idea of splitting apart the country in a way that frees most of us from a large enough number of the people who are holding us back. I don't think that's possible to do in a fine-grained way. It only makes sense if done for some large contiguous regions. And the states in the southeast who actually did try to break away a few generations ago seems like an obvious way forward with that.

Here is another look at some of the natural regions within the country: [1]

I'm also aware that changing the voting systems we use holds a lot of promise for some of the same underlying problems we're talking about, and am completely open to that as an alternative to, or in addition to, my suggestion to break up the country. But that too seems very difficult politically.

[1] https://www.nytimes.com/2016/04/17/opinion/sunday/a-new-map-...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by illumin8 on Thursday April 30, 2020 @03:30PM (#23035083)
The challenge is that our founding fathers unwittingly created a gerrymandered situation due to both the electoral college and the senate, where 40% or less of the population is able to control the entire federal government. Now that they're stacking the judiciary with political judges, they control all 3 branches of government, and the only democratic check on their power is 50% of the legislative branch (the house).

I'm not a political scientist, but at some point the increasingly larger 60% of the population is going to take this country back. I hope they're able to do it without a war.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by tiles on Wednesday April 29, 2020 @11:27PM (#23027129)
The abolition of slavery was worth it. But the failure of Reconstruction allowed the south to backside right where they were.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by grappler on Wednesday April 29, 2020 @11:38PM (#23027179)
yeah, abolition of slavery is a noble cause, obviously, but the rhetoric at that time put a lot of emphasis on the importance of preserving the union, as if that in and of itself was a valuable thing. I propose that it wasn't, and isn't.

Humans are happier if they're grouped together with their own tribe, and not with other neighboring tribes they don't identify with. In this way it's like some of the problems in Africa and the Middle East where the groups there had borders imposed on them that didn't follow this simple principle.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by seibelj on Wednesday April 29, 2020 @03:30PM (#23023173)
I would prefer that states have more power and we further decentralize authority away from the federal government. This will limit the see-saw that occurs whenever the president switches parties.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Wednesday April 29, 2020 @04:15PM (#23023663)
Part of that tension is what's led to the the current situation with COVID— the federal government is where the CDC is, so there's an expectation that they're the ones providing centralized coordination and guidance for a measured, unified, national response.

If each state has its own version of the CDC (and other similar agencies), then that's fine, but they also need to have a lot more sovereignty over things like (in this case) being able to close their borders to neighbouring states whose agencies may have come to differing conclusions about what measures are needed.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by notyourday on Wednesday April 29, 2020 @04:19PM (#23023736)
> but they also need to have a lot more sovereignty over things like (in this case) being able to close their borders to neighbouring states

Commerce Clause of the US Constitution stands in a way. It (the Commerce Clause) has been a bedrock of the federal government pushing through progressive policies onto the states.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Wednesday April 29, 2020 @09:45PM (#23026643)
The commerce clause and related federal growth are all a result from FDR. It's why we have a war on drugs, it's why the government can seem to do anything. It once required amendments for the government to do new things - a government of enumerated powers, now it can do anything.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by burner831234 on Wednesday April 29, 2020 @09:25PM (#23026543)
The analogy to keep in mind is very simple.

If you live in a house of five and each person buys their own groceries and cooks their own dinner, it does not matter how you scrimp and save. It is still cheaper on the whole to buy raw ingredients for dinner and make it for five people. The cost goes down dramatically>

Yes there is a CDC in every state. It would be utterly ludicrous spend of cash to have an independent, not cooperative CDC in each state attempting to manage and solve the same problems.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by bhupy on Wednesday April 29, 2020 @10:14PM (#23026805)
> If you live in a house of five and each person buys their own groceries and cooks their own dinner, it does not matter how you scrimp and save. It is still cheaper on the whole to buy raw ingredients for dinner and make it for five people. The cost goes down dramatically>

This makes sense, but what about one level up? I live in an apartment building, and in our building each family buys their own groceries and cooks their own dinner. It does not matter how much you scrimp and save, it is still cheaper on the whole for the building to buy raw ingredients and make dinner for all families. The cost goes down dramatically.

This also makes sense, but what about one level up? If each building buys groceries and cooks dinner for all of their homes, it does not matter how much they scrimp and save. It is still cheaper on the whole for the entire city buy raw ingredients for dinner and make it for all of the buildings and their families. The cost goes down dramatically.

This also makes sense, but what about one level up? If each city buys groceries and cooks dinner for all of their buildings and homes, it does not matter how much they scrimp and save. It is still cheaper on the whole for the entire State to buy raw ingredients for dinner and make it for all of the cities, their buildings and their families. The cost goes down dramatically.

This also makes sense, but what about one level up? If each State buys groceries and cooks dinner for all of their buildings and homes, it does not matter how much they scrimp and save. It is still cheaper on the whole for the entire Union to buy raw ingredients for dinner and make it for all of the States, cities, their buildings and their families. The cost goes down dramatically.

This also makes sense, but what about one level up? If each Union/country buys groceries and cooks dinner for all of their buildings and homes, it does not matter how much they scrimp and save. It is still cheaper on the whole for the entire world to buy raw ingredients for dinner and make it for all of the nations, States, cities, their buildings and their families. The cost goes down dramatically.

We both agree that at some point, this stopped making sense. The question is: is an ideologically divided Union of 330 million people across 50 states with their own Constitutions and governments equivalent to a “house of five”?

Re:Lyft lays off 17% of workforce, furloughs hundreds more by illumin8 on Thursday April 30, 2020 @03:33PM (#23035118)
Not only that, if you had to buy groceries through a blind auction, and price gougers knew that you needed the exact same items and were willing to pay whatever price it took, rampant profiteering would happen.

The current system is effectively all 50 states in an eBay-style bidding war over the same limited resources.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by bhupy on Wednesday April 29, 2020 @06:47PM (#23025467)
Each state does have its own version of the CDC.

https://www.fsis.usda.gov/wps/wcm/connect/fsis-content/inter...

Re:Lyft lays off 17% of workforce, furloughs hundreds more by notyourday on Wednesday April 29, 2020 @04:02PM (#23023508)
> I would prefer that states have more power and we further decentralize authority away from the federal government.

No EPA. No DOE. No equality under the law. No EOC. No NLRB. No Amtrak. No federal enforcement of consent decrees. No voting right act. No gay marriage, etc?

Edit: Thanks for downvotes. Every single one of these is enforced by federal and not state courts. It is federal court that gave us Roe v. Wade, for example. It is a federal court that prevents Alabama from running its own little fiefdom. It is a federal courts that gave us Brown v. Board of Education.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by jshevek on Wednesday April 29, 2020 @04:24PM (#23023792)
The parent suggested a degree of change along a spectrum, you list possible consequences that might occur only if one takes the most extreme form.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by sokoloff on Wednesday April 29, 2020 @06:10PM (#23025058)
I don’t know that I’d put Amtrak on a list of things that I’m thankful we have a federal government to provide...
Re:Lyft lays off 17% of workforce, furloughs hundreds more by dnautics on Wednesday April 29, 2020 @10:48PM (#23026969)
Have you ever met a DOE program manager? Have you ever personally dealt with an EOC lawsuit? I've done both, and let me tell you neither of those organizations comes anywhere near what you seem to imply they do. I'm not convinced society wouldn't be better without them.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Wednesday April 29, 2020 @11:37PM (#23027175)
A major thing the DOE does is keep track of where the world's plutonium is— it's energy-related, but also a national security matter. Michael Lewis's excellent book The Fifth Risk examines some of these agency functions in the context of what was lost when there Trump administration stepped into power with essentially no transition plan or concept of how to run them.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by dnautics on Thursday April 30, 2020 @01:26AM (#23027714)
You're making my point.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Thursday April 30, 2020 @11:09AM (#23031649)
Them having critically important functions that are different from what their names might imply is not at all the same thing as "we'd be better off without them".
Re:Lyft lays off 17% of workforce, furloughs hundreds more by dnautics on Thursday April 30, 2020 @12:48PM (#23032997)
I was definitely in the "we don't need this reorg" camp when the DHS was created. Which camp were you in?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by cmurf on Wednesday April 29, 2020 @04:58PM (#23024216)
Already tried that, the first constitution, the Articles of Confederation. The founders quickly discovered the federal government was too weak.

But alas, one of those founders, Jefferson, argued we should rewrite the constitution every 19 years.

And another founder, Hamilton, argued that ambition must be made to counteract ambition. And that government is a reflection on human nature, most directly its citizens. https://avalon.law.yale.edu/18th_century/fed51.asp

Re:Lyft lays off 17% of workforce, furloughs hundreds more by ashtonkem on Wednesday April 29, 2020 @05:48PM (#23024802)
Jefferson’s opinions on political processes changed drastically after the French Revolution, by the by.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by skybrian on Wednesday April 29, 2020 @08:16PM (#23026172)
What's an example?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by ashtonkem on Wednesday April 29, 2020 @08:40PM (#23026293)
Personally, it made him cool significantly on France, which is in pretty stark contrast to where he started. He ended up siding with Hamilton on expelling the French diplomat who both threatened American neutrality, and was kind of gearing up to try and overthrow George Washington. And Jefferson hated Hamilton.

Politically, it moderated him significantly. He started off as very pro-revolution, pro “watering the tree of liberty with the blood of tyrants and patriots”, and by the end he ended up regretting France not shifting into a constitutional monarchy. This is after both witnessing The Storming of the Bastille in person (he was an ambassador then), defending the September Massacres[0], and knowing quite a few people who were executed during the terror.

[0] https://en.wikipedia.org/wiki/September_Massacres

Re:Lyft lays off 17% of workforce, furloughs hundreds more by bilbo0s on Wednesday April 29, 2020 @03:54PM (#23023414)
I wouldn't.

There is a comfort that comes from the instability of party switches. The parties don't cooperate, which means less can get done. Anything that puts anyone in an area where one of the gangs of politicians can actually do something, is to be avoided. We've learned that the hard way in Wisconsin.

As a general rule, it's always best to split up your government as much as you can.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by afterburner on Wednesday April 29, 2020 @04:18PM (#23023722)
Less gets done means the country gets worse and people get more radicalized trying to improve things. The polarization in the US is likely a direct result of the massive deadlock.

Your strategy is one guaranteed to ruin your country.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by jshevek on Wednesday April 29, 2020 @04:23PM (#23023777)
>Less gets done means the country gets worse and people get more radicalized trying to improve things.

This opinion requires a great deal of justification.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Wednesday April 29, 2020 @05:10PM (#23024332)
Isn't that exactly what we're seeing now? The government has basically been in gridlock since 2010, and voters have increasingly rewarded extreme policians who seek to shift the overton window over compromise politicians who work across party lines to find a middle ground.

The book American Carnage is a fantastic deep dive on this (and extremely fair and even-handed, despite the bombastic title).

Re:Lyft lays off 17% of workforce, furloughs hundreds more by jshevek on Wednesday April 29, 2020 @05:16PM (#23024424)
>Isn't that exactly what we're seeing now?

If "that" is the cause-effect relationship claimed above, no we are not "seeing" this right now. There is a huge difference between events and the narratives, accurate or otherwise, which some people use to explain those events. The system under consideration is insanely complex, with an immense list of causal factors at play. To me, in my opinion, it's obvious that the causal relationship described above is at best a tiny contributor that is, itself, dependent on other factors also being present. At worst, it's completely wrong and a distraction from understanding the real causes.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by streb-lo on Wednesday April 29, 2020 @07:54PM (#23026011)
This opinion requires a great deal of justification.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by jshevek on Wednesday April 29, 2020 @08:19PM (#23026192)
Can you be more specific, please? Not all of my comment was mere opinion.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by bilbo0s on Wednesday April 29, 2020 @04:35PM (#23023932)
There are democratic nations with many more parties than we have, and the quality of governance in many of these nations has proven to be as serviceable as the quality of governance in the US. (Some might even argue that many of these nations have displayed superior governance to the US despite the power being split up among so many parties that they need coalitions to accomplish the little they can get done.) I've never really found myself persuaded by the skepticism against split governments.

Now there may be a point of diminishing returns. As in 5 parties are as good as 10, are as good as 15. But that's an academic question, and we're not even at 5 parties yet.

On the other end, maybe 500 parties is self defeating, as you say. But we're nowhere near that either.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by atq2119 on Wednesday April 29, 2020 @07:37PM (#23025872)
It could be argued that governance is better in other countries at least in part because there are more parties. After all, it enables alternative voices to be represented better, and it reduces the power of centralised party structures.

On the other hand, too many parties becomes unwieldy, and I'd argue that 10 is already going to be too many in practice.

Historical experience in the early 20th century led many countries to develop minimum bars, e.g. parties with fewer than 5% of the vote not getting any seats in parliament.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by afterburner on Sunday May 03, 2020 @10:48PM (#23064078)
And most of those countries have proportional representation. Good luck changing that in the US.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by dantheman on Wednesday April 29, 2020 @09:47PM (#23026653)
The government has continued to spend more and more and continue fighting wars around the world; so despite their disagreements in public -- they seem to agree a whole lot.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by bjustin on Wednesday April 29, 2020 @06:27PM (#23025268)
The problem with less getting done is that it applies to all levels of government. Want to change your yard landscaping? Nope! Not when your neighbors, town, county, and state all have to separately approve it.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by matthewbauer on Wednesday April 29, 2020 @04:19PM (#23023729)
If we kept a common market, and common currency, you would see lots of failed states like we’ve seen with Greece in the EU.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by bhupy on Wednesday April 29, 2020 @06:50PM (#23025492)
Yes but you would also see lots of extremely advanced states like we’ve seen with Germany, France, Denmark, Sweden, Finland, the Netherlands, Austria, Belgium, and Estonia in the EU
Re:Lyft lays off 17% of workforce, furloughs hundreds more by lonelappde on Wednesday April 29, 2020 @04:44PM (#23024047)
States already have sovereignty. They can simply decline to pay back bondholders.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by londons_explore on Wednesday April 29, 2020 @03:34PM (#23023209)
Surely before being bankrupt, a state would be forced to raise sales/income taxes?

At some point, those taxes would be so high, people would start leaving the state, and at the point of bankruptcy, the state would be a ghosttown.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by killjoywashere on Wednesday April 29, 2020 @06:35PM (#23025359)
Interesting that the author is not a Democrat: David Frum was a speechwriter for George W. Bush.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by skybrian on Wednesday April 29, 2020 @06:34PM (#23025351)
Is it legal for a state to declare bankruptcy or would Congress have to pass a law? It doesn't seem like the House would be interested.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by kradroy on Wednesday April 29, 2020 @07:07PM (#23025640)
It's not legal for a US state to declare bankruptcy. There are three relevant parts in the US Constitution that preclude this action. One says that US states are not allowed to abrogate their contractual obligations (pensions, debts, etc). Another says US states are sovereign in their own right. The Federal government cannot act on them directly. All bankruptcy procedures (personal, corporate, municipal) are dealt with at the federal level. Having a federal court process a state bankruptcy would violate state sovereignty, because the federal government would be acting on a state directly.

A law would have to be passed and there would probably be a challenge to it that would eventually go before the US Supreme Court.

Re:Lyft lays off 17% of workforce, furloughs hundreds more by JustSomeNobody on Wednesday April 29, 2020 @05:20PM (#23024473)
I don't understand how someone can love their political party as much as Mitch McConnell does. It's party before all else. I don't get it. At all.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by jonny_eh on Wednesday April 29, 2020 @05:23PM (#23024520)
It's a strategy/ideology he's been rewarded for following?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by JustSomeNobody on Wednesday April 29, 2020 @05:25PM (#23024544)
But this isn't a game. It has real consequences.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by kradroy on Wednesday April 29, 2020 @07:15PM (#23025713)
It is a game. The consequences are varied, but for McConnell they are generational wealth, the self-satisfaction of entrenching Republican values in the Federal court system for at least another generation and the destruction of senatorial traditions that were centuries old.
Re:Lyft lays off 17% of workforce, furloughs hundreds more by state_less on Wednesday April 29, 2020 @05:48PM (#23024801)
For whom? Mitch McConnell?
Re:Lyft lays off 17% of workforce, furloughs hundreds more by sciurus on Wednesday April 29, 2020 @07:12PM (#23025696)
Re:Lyft lays off 17% of workforce, furloughs hundreds more by lonelappde on Wednesday April 29, 2020 @04:39PM (#23023984)
The Atlantic author seems deeply confused. Not unexpected for David Frum. Puerto Rico is a territory, not in any state. A city is under state sovereignty.A state or a city can default. A city can declare bankruptcy under Federal law. There is no law allowing a state to go bankrupt and be managed by the Feds. Bankruptcy is an option , not a Federal power. McConnell isn't playing 7 dimensional chess, he just doesn't want to return tax money to Blue states and was just using language loosely when he said "bankrupt".
Re:Lyft lays off 17% of workforce, furloughs hundreds more by mikepurvis on Wednesday April 29, 2020 @05:12PM (#23024372)
> he [totally meant some other thing] and was just using language loosely when he said "bankrupt".

If that's so then he's had plenty of opportunity to make that known. Based on the media frenzy around this, it's quite clear that he meant and continues to mean a literal, actual, non-sarcastic bankruptcy.