[dennisw]

Fraudulent contracts are illegal. It is interesting that you mention mortgagees because a lot of today’s mortgages written during the real estate bubble from 2001-2007 were most certainly fraudulent. Judges are kicking banks out of the courts these days the mortgage papers are so sloppy and fraudulent. Homeowners are being awarded the house because the bank cannot legally foreclose

Sloppy sloppy sloppy during the bubble years with secretaries signing instead of bank officers and with sliced diced mortgages with no clear chain of custody

[Mister Da]

I'd like to see some proof these union contracts are illegal. Until then, they are legal & binding, IMO. Calling them illegal does not make it so. They may be wrong, detrimental to our country & the people, but they are NOT illegal. They are legal until proven illegal in a court, which, to my knowledge, has not happened.

Your point in #19 is what I have been saying all along: We have a MORAL as well as legal obligation to pay these pensions. These teachers (& others) fulfilled their part of the bargain, & many did so in outstanding fashion.

Contract law is fundamental to a civilized society. Obligations MUST be honored, especially by gov’t, or anarchy will be the result.

If you want to single out someone to blame, look to the pols of BOTH parties. Keep in mind that in the last 29 years, we had a Pub president for 20 of those years. I don't care for Rats either, but mice are no better.

Again, I do NOT like it. But we Americans, along with most western “democracies”, have dug a DEEP socialist & bureaucratic hole, & we CONTINUE to dig. It's gonna hurt ALL of us for generations to come, even if we stopped the madness today. Pension obligations are a very small part of a very big problem.

I gotta go. Dana Perino is on FNC. If the first face I see after I die is Dana Perino, I'll know I am in heaven.