Posted on 02/19/2016 7:27:00 AM PST by SeekAndFind
What kind of an idiot retires with kids still at home?
Hey, maybe his kids have disabilities, who knows?
I see a lot of GM this and that....maybe he retired from GM after 20 years at 38 years old and expected the lotto for the rest of his life. Obama fixed that for him.
These days it may be the only way either makes it.
True, I don’t know the whole story.
Democrats will fix it for him again.
Google “Theresa Ghilarducci” and you will see what their plan is.
i was just thinking that how is someone retired with a 4th grader and a 9th grader
Before anybody lines up for those they may want to check how bad bondholders got screwed in the GM Obama bankruptcy.
Maybe he married late and had kids when he was in his 50’s or 60’s. Trump has a 9 year old son and he is 69.
The real crisis has not even started yet. When everything crashes, people’s IRAs and 401Ks will be seized. You heard it here first.
One with a defined benefit plan.
Trump could live like a King on the interest *on* the interest from his holdings.
In the 1960s and 1970s the newspapers in Tulsa where I grew up frequently discussed the eventual consequence of unfunded public pensions.
Pie eyed liberal dreamers insisted that growing revenue would cover the ballance.
Realists (they had them in both parties back then) insisted unfunded pensions would cause a disaster.
Politicians of the era gambled that they would be out of office before the consequences hit.
Today is eventually.
Well, he's a late-bloomer, I guess. Maybe they're actually grand-kids. It said he had 33 years with his job. Assuming 18+33, that equals 51 years of age, minimum, but the article doesn't mention his age, or how old he was when he started working that job. At 51, I'll have a 17-year-old and a 14-year-old. I'm not planning on retiring at that point, but it would be nice to be able to do so. I'm guessing he retired because his pension allowed him to do so.
Someone would have to be an idiot to buy those bonds.
Central States Pension Fund = Teamster’s Union mad money. I recall too many shady mob deals with the money. “the 400,000 members of the Central States Pension Fund, a multiemployer fund that serves mostly trucking companies represented by the Teamsters.” http://www.dispatch.com/content/stories/business/2015/12/13/1-members-of-central-states-fund-dismayed.html
OUTSTANDING post. Thanks. (read it yesterday @ zh)
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