Posted on 12/14/2016 8:01:52 AM PST by SeekAndFind
Same mindset with both cities.
City of Dallas proper isn’t “Dallas” the metropolitan area.
The City may even be Dem. Anyone know offhand?
“The City may even be Dem. Anyone know offhand?”
The article states that the city is controlled by Dems, although many of the lavish retirement perks were approved by the Republican controlled legislature.
The uniparty strikes again.
There’s no easy or painless solution. The only thing is to allow it to collapse and pick up the pieces and start over, it seems to me.
Plenty of blame to go around but one thing is for sure: the people most responsible for this will suffer the least.
It’s easy to hand out other people’s money.
Dallas is chock full of liberals.
Dallas, Houston, Austin and San Antonio are the BLUE cities of Texas. Thank God they don’t have enough people to overcome the votes of the rest of Texas.
Let’s say that you invent a machine that freezes time in one area.
You can rob a bank, and freeze time there so no one finds out until after you die.
That’s how Democrats operate.
They steal because nobody will do anything about it until after they are dead.
Good analogy.
They should jail the politicias who set this up.
If you set up a pension in your business the way the government does, you would actually go to jail for it.
They take money from you for your pension, but instead of putting it onto a bank account for the future they spend it now- then promise to pay you out of the money that comes in when you retire.
It’s been blue for a minute. As has Austin, Houston, and San Antonio.
In 2014 and 2015 the fund lost $370 million on investing activities with a loss of $238 million in 2015 alone. Benefits paid to members for those two years totaled $533 million. The fund hired its first Chief Investment Officer in mid 2015. That individual left after one year and the position remains vacant.
At this rate the future looks bleak. It reminds me of what former Texas Agriculture Commissioner, Jim Hightower once said about family farms: Its still possible to make a small fortune in family farming provided you start out with a large fortune.
Let them eat cake.
4% annual raises in pension plus a COL? That is what I read and it is absurd. Not enough money anywhere to fund that.
Just as bad as the feral gubment budget process.
To hell with them. Let them struggle like those of us in the private self-dunded retirement world.
This is yet another leveling of the playing field I can hope that Trump can chop down to size.
Correlated article, dated 12/13/16 :
99 Dallas officers have quit or retired in last 10 weeks, reports say"
www.star-telegram.com/news/local/community/dallas/article120589238.html
" CBS 11 reported that most of the 99 who left since Oct. 1 were some of Dallas most experienced officers,
according to the incoming president of the Dallas Police Association."
I pulled the numbers from the 5 counties I consider to be the Dallas ‘Metroplex’
DJT
200,395 - Collin
28,396 - Rockwall
261,865 - Dallas
345,683 - Tarrant
169,175 - Denton
Total = 1,005,514
HRC
139,837 - Collin
9,633 - Rockwall
458,845 - Dallas
288,001 - Tarrant
110,000 - Denton
Total = 1,006,316
Difference = 802 HRC
RECOUNT IT..! LoL
Hahahaha. These public “workers” crapped in their nest. Their inappropriate benefit raises were from their greed and sappy politicians agreeing. Tough luck.
Dallas is as Dem as Austin.
Pension funds should never be run for the profit of those that control them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.