Greedy socialist bastards.
TS.
Cut the pensions. Give the unions a taste of what they created.
Blame the politicians who OVER promised Defined Benefits instead of current wages to pay for the union vote knowing they would be out of office enjoying their own DB retirement when the SH*T hits the fan a few decades afterwards, which is now.
The only thing to do now is REDUCE the overpromised benefits. BUT, instead they will tax the struggling privae sector middle class who have funded their own retirements.
Fingers Crossed here - my former employer's pension fund in 110% funded. Market was up last year. ; )
Since when were Ponzi Schemes supposed to be solvent in the first place??
Who’s in the worst shape? Illinois.
Who’s in the best shape? Wisconsin.
Gee, I wonder why?
They'll figure something out .... or not
I've been around the block a few times and though a few scars ... not too bad for the wear.
Goverment's too big and MUST be in O.R. Asap
Easy to solve...another stimulus bill.
Mine is right smack in the middle. They finally got us to put some money(5%) into the game.
Cities and states promised their workers retirement money without ever properly funding them, instead spending the money on pork barrel projects and redundant government agencies. If it had been private company, they would have already been hauled in front of a judge to explain what they did with the money.
Boomers are in trouble.
No wonder Zeke Emanuel is “pushing” dirt naps @ 75. This is really their only way out. Kill off their liabilities, before their liabilities bankrupt them. Only solution: “Liabilities” kill off the government first.
“Public Pension Funds Face $2 Trillion Shortfall, Moodys Warns”
I don’t have a problem with demanding that commie public unions pay out $2 trillion to balance the books. If the commies can’t do it, tough. Eat grass. you commie pricks, just like your brothers in NK.