There’s a lot of hullabaloo over Doctors Hospital and the recently failed parcel tax in West County. The buzz, though, is doing Contra Costa Taxpayers one big favor: Doctors Hospital is the dead canary in the coal mine that warns us that the future of the entitlement society and irresponsible government spending in Contra Costa County.
Former British Prime Minister Margaret Thatcher once famously said, “socialism works until you run out of other people’s money”. Hello, Doctors Hospital. West County residents have run out of money.
Unfortunately, with its current budget, Contra Costa County—given its own $3.2 BILLION unfunded liability for pensions and health care—can’t step in and rescue another irresponsible institution.
And the State of California with its $340 billion in debt and unfunded liabilities is unavailable right now, but leave a message and they’ll get back to you as soon as they can.
The people of California are running out of the willingness and ability to pay for exorbitant government just as pension costs are going up by 50% and ObamaCare is just beginning its run at our Treasury.
But don’t fear, there are dozens of failing institutions to take what is left of our “spendable income.” Oh we lucky few!
It’s not enough that we are paying hundreds of millions of dollars more this year to bail out State and local government pensions, we may get to bailout the Detroit, Michigan pension system too.
That’s right; Detroit unions are demanding at least $100 million from the Obama administration to save the city of Detroit’s failed pension system. This means Californians, get to help pay for a corrupt and irresponsible out of State city government and its corrupt and irresponsible unions’ “mistakes” over the past several decades.
Back in California, ObamaCare is making Doctors hospital condition worse and brings to a head another administration lie. Told that Uncle Sam would pay for all additional Medicaid (MediCal in California) in California, the Governor’s new budget includes an additional $1.2 Billion as our share of the debacle. And we still don’t know how much the subsidized Covered California health policies are going to cost taxpayers.
The warning sirens in the Dystopia called California are getting louder and louder.
We ignored Vallejo’s bankruptcy and are trying to ignore Stockton’s and San Bernardino’s.
Our Fire Districts, unable to pass parcel taxes or new bonds, are now running one last “game” on us with “benefit assessment district” proposals (the City of San Ramon is being sued for their proposed district).
Teachers and school district pension contributions are climbing from 8% to more than 10% this year and rising each year for four more at least four more years and will be double the current rate districts have to pay for teacher pensions.
The drumbeat of more taxes is already rising from Sacramento. Democrat Senators Leno, Steinberg and others are already calling for the “temporary tax” passed in the last election be made permanent. Changes to Proposition 13 are making their way through the legislature. Calls for more “social justice” rise from the capitol almost every day.
In Contra Costa County, Supervisor Gioia proposes a sales tax to cover increasing red ink throughout the County for Public Safety (code for the bankrupt fire district), Emergency Services (code word for Doctors Hospital and the County Health System, and Sheriff.
But first, actions more drastic than the Governor has taken need to be put in-place.
We must attack the $200 plus billion that the Legislative Analyst says “merits further legislative attention” out of the current $340 billion of debt on the books. There can be no more Doctors Hospitals.
Editor’s Note: DMC image courtesy Richmond Pulse. No canaries were harmed in the making of the post.