Protecting unsecured pensioners at the expense of secured creditors is unconscionable and basically destroys financial law.
work for got...you can't loose...nothing...be a deadbeat...call in sick all the time...arrive late, leave early...do no work...do bad work...it don't matter.....the govt protects these people.......
so anxious to get off the grid...live on just a little money and pay no income taxes and maybe figure out a way to save on property taxes...shop in sales tax free states...
Drudge is reporting the Obama Administration is in talks about a back-door bailout.
When are we going to see the ‘running out of other peoples’ money’ side of socialism?
It would be interesting to know what the details were on all those city pensions. For instance, what percentage of the employee’s final annualized pay was to be paid as pension for the rest of their life? Did the pension include full coverage medical care for life? etc.