Posted on 02/24/2010 8:13:32 AM PST by Patriot1259
Having an influence and taking credit are two entirely different things. I had teachers or coaches who influenced me, but wouldn’t dream of taking credit or have the ridiculous notion of getting a part of my earnings when I was older as the author of the article - remember that’s what the thread was initially about - does.
LLS
Cut teachers pensions. My brothers served in the military Air Force and Navy 20 + years. O cuts their pensions, even when they served in combat related capacities. Cut the feds salaries and pensions too. gee lets lower the amount owed to crooks and thieves, some teachers are no better than politicians. municipalities Satesand Feds cannot keep up with the obligations, yet if you serve in the military, get shot at exposed to other hazards years later the military pensions are cut but the morons who had made the declaration of war sit on a war chest.
The base line package in most states takes 7% of the employees salary, and the employer matches that contribution. This money if managed conservatively (7% average return) can easily fund a retirement of 80 to 90% of last year's salary for a 40 year employee.
For many years, states had programs that worked quite well along these lines. Eventually, the unions managed to negotiate Cadillac benefit upgrades and final year salary spikes, financed by all the extra investment returns being pulled in during the boom years.
Then the investment fund managers got arrogant, mandating touchy feely political correctness from the companies they invest in, while at the same time taking on irrational risk in their portfolio.
All that was needed to complete the disaster was a pullback in the economy, and voila, pension meltdown. I have no doubt that all of this was intentional, because if these pensions had been managed properly, they could have been used as a model for privatizing Social Security.
That's how bad the Socialists hate this country, they are willing to destroy all public institutions in order to force a centralized socialist nation.
Unable to argue the concepts, the author argues semantics.
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.