Posted on 10/26/2007 6:13:12 AM PDT by meandog
You misunderstand my comments. It is true that many states and local governments have unfunded liabilities. However, the unfunded liabilities were created because politicians and voters do not understand compensation. The cause is actually deception about compensation, not the fault of taxpayers to fully fund pensions. Do you think that politicians and voters would agree to pay on the average hundreds of thousands of dollars of deferred compensation to public employees?
Geez try decaf. Don’t be such a cry baby. The quotes can be omitted, but the Statist apologies implicit in your post would still be a problem.
Here is the corollary: Florida has a lottery. It has generated billions for education. It was successful beyond anyone's expectations. So successful that the legislature, seeing all that cash, cut the state's funding of education severely and found a way to use the lottery cash instead. The promise to the voters that the lottery would supplement education funding disappeared. So what did the MSM and the pundits do? Hound out of town the lottery chief, who was responsible for the success, because educational spending did not increase enough. The rabble was roused and focused away from the root cause of the problem. Impact on the legislature and executive (except for the hapless lottery chief)? zero zip nada. They got off scott free. Game, set, and match: MSM and the interests behind it.
THAT is exactly what I see in the current article and the posts responding to it ... blame Bush for the spending. GWB is lame duck. He is not running again. He's the lottery chief in that scenario. I loathe seeing the Lottery Scenario repeated again. The President, no matter who he is, lacking line-item veto cannot stop every spending bill. Battles must be chosen. Fault GWB for his chioce of battles, but this one is small potatoes compared to SCHIP, etc. If you want to control spending, FIX CONGRESS. Put line-item veto in the Constitution. Blaming Bush is a fool's errand.
“It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.”
http://bastiat.org/en/the_law.html#SECTION_G1415
“Do you think that politicians and voters would agree to pay on the average hundreds of thousands of dollars of deferred compensation to public employees?”
A pension is “deferred compensation”. If the public does not understand that it is the politicians fault. If a politician does not understand that they are uneducated to an extent that the citizens were fools to elect them.
“The cause is actually deception about compensation, not the fault of taxpayers to fully fund pensions.”
Sorry, it is the fault of the taxpayers. Do they not see their own pensions as “deferred compensation”? Do they not see their own pensions as compensation they are entitled to have stored away now for payment later? Ignorance is no excuse and the unfunded liabilities are the direct fault of idiot politicians and foolish taxpayers.
Now we have “W” recruiting more DemonRat voters!What’s Next?
Well,while I AGREE with you,we(Pubbies)had better get out the vote next year or ELSE(I Don’t Want To Think About It)!!!!!!!!!!!
No my friend the law isn’t the same for everyone and when you take all of these special rules and classes of people in it’s like we never left jolly old England. Further as far as what class to be in the worst one is a white male conservative with a job.
A sneaky way of getting the government to pay for college.
Response: No the classes have remained the same. What has happened is that the outcasts and criminals of our pre 1960 society are now allowed to hold public office. This is what the outcast does as they cannot creat wealth so they steal it.
The voters have been misled. Defined benefit compensation has not been clearly disclosed. Compensation surveys conducted by state governments deliberately understate the compensation value of defined benefit pensions. Here is an editorial that I wrote providing some details about the deception in Colorado (scroll down to the middle of the page):
http://blogs.rockymountainnews.com/denver/speakout/2007/09/
Politicians have been more than stupid. Politicians have seen defined benefit pensions as free goods. They thought that pension increases were cost-free in that markets would return more than necessary to keep the pensions solvent. Clearly, corporations have realized the risk of defined benefit pensions. Most corporations have ended or reduced defined benefit pensions. It is easy to be generous and reckless with other people’s money.
I suppose the “Hillary the Lesbian stayed married to BJ because she liked the perks” is too long for a bumper sticker.
I have a “Run, Hillary, Run!” sticker on my front bumper.
Federal court.
What the hell......
might as well send it to mexico
RIGHT ON!!!!!!!!!!!!!!!!!!!!!!
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