- thebalance.com, Updated March 28, 2017
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What Is a Bail-In and How Does It Work ?
Bail-Ins Versus Bail-Outs: What's the Difference ?
Posted on 06/22/2017 2:11:43 AM PDT by Yosemitest
Social Security 2025. No more white privilege.
All the morons who bought into social security and government pensions as bedrock security: suckers.
They will be coming for your 401k next to patch the gaps in social security and government pensions. It’s only fair that you crackers pay up.
Here is my effort to formally define it. I may refine it a bit more, but this is close:
Deadhead - dead·head (dĕd′hĕd′) n.
Generally, government employees - local, state, or federal.
Specifically, a deadhead has minimal job responsibilities, with little or no discernable work output or identifiable accomplishments.
Correspondingly, deadheads often have significant governmental regulatory authority that is used to interfere with productive, taxpaying citizens.
If one is offended by use of the term, chances are that individual IS a deadhead. They know who they are.
Deadheads are usually placed in their jobs as political patronage in exchange for electioneering for the winning candidate or political party.
Historically, deadheads have had pay scales that trail corresponding private industry jobs. As an offset, the deadhead enjoys an early taxpayer funded retirement (age 50 or 55), with a plan into which minimal employee contribution is required. The retirement pay scale usually matches the final working pay rate, and is indexed for inflation.
In the past twenty or so years, government deadhead pay has risen to equal or exceed comparable private sector pay, while retaining the fat pension plans.
The deadhead also has a gold-plated medical plan fully funded with taxpayer dollars, while private sector employees must deal with Obamacare. As with the retirement plan, minimal employee contribution is required.
The medical plan is carried with the employee into retirement.
Use in a sentence: “North Louisiana Oyster Inspector, the choicest deadhead job in the area, was given to the governor’s Ouachita Parish campaign manager.”
Read Comment #16/
The State of Illinois should secede from Chicago. Chicago is the cancer ruining it, like Seattle is the cancer sickening Washington, or Denver is the disease of Colorado. New York state would be better off without the five rotten boroughs
Yup! Obama et al. were the true deplorables.
Whatever happens, it’ll be a riot.
I expect that to happen.
Just because you had nothing to do with the fiasco doesn't mean that you shouldn't pay for it.
I've been saying this for a long time now. They will claim that you rich people (the ones who actually saved for your retirement) took advantage of a "tax loophole" (that politicians created), and accumulated this wealth that they are now appropriating in the name of the people.
And that's when it will start.
So there's that.
I see this as the first sign of what is to come when the burden of tens of trillions of dollars of debt. This is the real zombie apocalypse. When the welfare dollars quit coming or, worse yet, it takes the sum of all their “benefits” to cover their cellphone bill, they will come after what the people who aren’t on welfare have. The authorities (local, state, federal law enforcement) will be guarding their facilities and won’t be there to protect anyone else. Today is not the day to stop buying ammunition.
Don’t lose sight of the fact that many solvent banks were pressured - effectively forced - to accept government “bail outs” to make it look like the TARP fiasco was necessary to “save the economy”. It was government pressure - the community reinvestment act - that destabilized the economy in the first place.
Bwarnie Fwank wolled the dwice and we lost.
I can tell you what they SHOULD do. Pass a “zip code” test. Checks to the ghetto need to keep flowing or they will riot. Checks to “gated communities” need to cease.
Of course, they will do it just the other way around...
Note to federal income tax payers: INCOMING!!!!
Well, no. The government cannot spend money that it does not collect in taxes or borrow. We cannot just print money. I will grant you that "quantitative easing" is just a tiny step short of just printing money, it's like being a little pregnant.
Ideally, there should have been enough in contributions by the pensioners over their period of service, to adequately fund these retirement demands. Now, there is no do-over.
The portion if the pensions that SHOULD have been provided by the State of Illinois was stolen and spent elsewhere, a common tactic by Democrat legislators and Democrat executives. In the short term, the budget is “balanced”, but at a future cost that is rarely calculated in advance.
I suppose the rationale at the time was that the general citizenry “Owed” it to themselves, and this was reflected in the representation sent to the state legislature.
The difference between Venezuela and Illinois, is that it is still possible to obtain toilet paper in Illinois.
Look, some people, good people, were not able to save for their retirement. It's only fair that those who had the means contribute their fair share to those who did not...
/s
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