Posted on 01/02/2015 11:11:55 AM PST by Libloather
Illinois has the highest state debt about $25k per resident.
So if each of the “upper half” contributed $50k, problem solved.
I think the Obama family should set an example and send in $200,000.
Yeah, they may not be progressives, but they willingly lumped themselves in with the progressives and their public sector unions to feed at the trough, didn’t they?
The US dollar has been an IOU for over sixty years. There’s no need for the government to change pensions into an IOU when they’re already funded with debt.
That is also correct! I heard that they have reinstated that 13th paycheck already.
I've got plenty of skin in the game bro, in fact, a hell of a lot of skin.....
google ThyssenKrupp/Budd bankruptcy...then get back to me and tell me I'm not deserving of my pension or my healthcare benefits that I spent 35 years working for with the guarantee that I would be provided with same upon my retirement.......
Did they even deserve those jobs and pensions in the first place?
Is that how you look at people who train and accept jobs in either the public or private sector?
Who would have thought that an individual who trained for a profession then found a job in that profession and made it their career would now be considered a pariah............
You're sick bro and an example of how far this site has devolved ..........
As for pensions. It is nice to have one, but they are only as good as the entity that offers and backs the pension.
The fact is that pensions are yesterdays game. We are all free agents as anyone under fifty can tell you. It is near impossible to find, much less expect the opportunity to spend a full career of 35 years at one company. The average college graduate today can expect a career with at least seven separate companies.
A person who was afforded the luxury of a decades long single employer work history and was too short sighted to contribute to a 401K or IRA has little sympathy from Gen X’ers or Millennial. I assure you they will not be swayed into backing pensions that they where never even offered or could even hope to have.
Taxpayers are certainly voting with their feet in NJ (both working taxpayers and companies); we lost an electoral vote as a result. A few years back, my wheels were out of alignment on my car and I was going to wait a few weeks until spring when they would repair the winter damage on the roads (otherwise I’d be re-aligning them anyway). After a while, I realized there would be no spring road repairs; there was no money left. It has gotten weird here; I’ve seen stop signs covered over with foliage (the public works employees have the weakest union compared to cops and teachers), and it is starting to look like Mogadishu.
Interesting; there are less and less people & companies to tax, and our property tax increases are limited by law...
What an odd idea; some would argue that public pensions are an attack on the cities’ economic well being.
Reality is attacking public pensions.
“When one con man convinces another to help fleece a mark, it’s pretty unseemly to blame the mark when the first con man runs off with the winnings.”
That is a brilliant way to summarize the situation. Thank you.
“The politicians know full well what they are doing, but don’t have the political will to say “no” to the public employee unions.”
Tom Corbett in PA tried to enact public pension reform... the unions campaigned massively against him for several months with lies and distortions and got him voted out of office. And fellow “conservatives” here in PA joined the attacks and helped defeat him because Corbett wasn’t pure enough for them. Now we have left-winger Tom Wolfe who is totally owned by the unions.
Nothing will change with public pension abuse until we start standing solidly behind any politician that takes on the unions.
Well, I don’t regard them as badly as the welfare parasites, but they are still helping to bankrupt the country by enabling the unions to bleed state and local governments dry. So, no, I don’t have too much sympathy for people that choose to enrich themselves that way.
Math: the conservative plot against progressive utopia.
CALPERS guy has no idea what a few people slipping the shackles of said taxation, and then mocking the rest of the tax slaves for their gullibility to their faces, will do to his "no limits" argument.
The leftie/gtreenie/braniaks at Calpers forecasted rates of return on their investments almost double what they actually received.
“rob the Federal Reserve” ? ? ?
Where did you get the idea the Federal Reserve had any real money? Want fiat money, that they issue(print).
As long as the stores will trade you food and other necessities for it, it’s real enough.
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