Posted on 07/22/2014 6:27:35 AM PDT by IBD editorial writer
In a speech last week in Delaware, President Obama was positively bursting with pride about what his policies have produced since the economic recovery started five years ago.
What Obama didn´t say in his speech is that [snip] many Americans are doing a whole lot worse than they were when Obama's economic recovery began five years ago.
(Excerpt) Read more at news.investors.com ...
“It is not death we wish to avoid, but life we want to live.”
John Galt.
I appreciate what you’re trying to say, but there’s a difference between surviving and prospering.
Take this as the biggest, fattest, loudest NO! you’ve ever heard.
And earth is healed
Oceans stopped rising
Pre Obama I had, held one job.
Since he has been in office I have had 5 jobs and I am looking again.
I am ready to storm the whitehouse.
I heard on the radio today that some of the pensions that Orange county, CA gov’t people are getting are enormous.
One lady salary was $250,000 and her pension is that. They are getting 88% of their highest salary or more. The last year they start working lots of overtime. The guy on the radio was saying his friend in Fresno, CA was 11 years into his job and would be eligible at 20 years for a pension. He would be in his early 40’s. Get that 2nd gov’t job and double dip.
We in the private sector pay for their retirement. We get SS money at less then 1.8% interest and the gov’t keeps raising the retirement age and they get near 100% of their last salary. Kinda unfair ain’t it?
I can’t believe any place is worse than NJ for that; we are in the same boat as CA because of it. A guy I know retired as a cop at 46, with 25 years on the job (he was hired before they were looking fro college graduates); he could easily be collecting a pension even longer than he worked.
The accrued unused vacation/sick time is another scam; a nearby town (Rutherford, NJ) had a chief retire who was due $400K in unused time. They had to set up an installment plan over three years to pay him, while paying his replacement and his pension.
Other states should be mindful of these taxpayer rapes before they hit them as well; here in NJ we are so burdened with the costs of people that retired decades ago that there is little left for current services. Young people are leaving NJ because they are tired of paying for teachers and cops who worked during their grandparents’ days.
“Make thousands less than I did 4 years ago. 26 year old daughter and husband can’t find jobs making more than $12 an hour.”
I’m sorry to hear that; things are the same here in NJ. I’ve said for years that anyone making $40-$50K or more has companies scrambling furiously behind the scenes to either send that work elsewhere or bring foreigners here to do it.
I’ve been looking for part-time work to catch up on debt, and can’t believe how many PT jobs require availability for other shifts. These aren’t meant to be second jobs; they are meant to be your only job. A parent can’t work them while the kids are in school because the scheduling is haphazard; they are filled by kids and foreigners. The pay is low (close to minimum wage), and it is the same anywhere you look. Turnover is high because that wage gives a worker little more than the government is offering for free if you just pop out a welfare bastard.
The ripple effect through the housing market, demographics, taxes, etc. is frightening to watch; restaurants reduce hours because their staff is standing around with nothing to do, and the only places that seem to have any buzz are flea markets...
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