Bum: Got any spare change, man?
Abe: Yes! And you ain't gettin' it. Everybody wants something for nothing!
[Abe walks into the social security building]
I'm old! Gimme gimme gimme!
Sign ‘em up for Army boot camp?
If i started a business and hired you, and told you to pay 15% of your salary to me and I would take care of you when you retire, and then you found out I was SPENDING the money - what would you do?
Would you take my word for it that when you retire i will pay you out of income I am making THEN?
Why did anyone think that same plan was smart for the government?
Most of those guys in the first few rows do not appear to be retirement-age. Do they get full pensions at 45?
“But the initial response suggested it would be no easy sell. Why should they be punished for the city’s financial missteps over the years, some retirees asked? Why not keep raising taxes instead?”
Missteps like the pensions that is bankrupting the city?
And way to offer a solution. “Raise taxes”?
No wonder they are govt. workers.
In my state the elederly can NEVER have their property taxes raise EVER... they are fixed at whatever they were when they turned 65. Quirks like this for certain “special” groups are contributing greatly to the problem.
This is the kind of nonsense that needs to end. Why should the elderly only a fraction of what everyone else is paying in property taxes?
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Something has to give. I guess they went after the biggest cost element they could find. Provided that all other sectors of the city government get the same cuts, as well as future retirees, they should agree.
“We put our money in,” said Walter Trembley, a 74-year-old retired police officer who drove to the meeting from his home in Lake Worth, Fla. “And the city, through their callousness and everything else, just blew it.”
No one anywhere funds their own pensions. A retiree usually gets far more from a pension than what they contributed. This city is just a preview of what will happen to Social Security and Medicare. Sure, people are pissed. They were promised rainbows and unicorn farts.
Bum: Got any spare change, man?
Abe: Yes! And you ain't gettin' it. Everybody wants something for nothing!
[Abe walks into the social security building]
I'm old! Gimme gimme gimme!
Obama’s stash?
This is just what will happen when soc sec and/or mc reach the end that they are oh-so-close to.
Right the spending ship now or have half the US population up in arms about “their stolen money”.
Obama and others in your government are spending it.
How many volunteers do you think they will get? Can we say “Zero”.
A few facts re Central Falls that the NY Times did not mention:
“In February 2010, the entire faculty and administrative staff of Central Falls High School was fired after the teachers’ union refused to accept one of the “No Child Left Behind” options (work an additional 25 minutes/day) for restructuring failing schools.....
In May 2010, the teachers were rehired when they agreed to work the extra time required.”(Wikipedia)
The city is 60% Hispanic, 7% Black and 30% White;
In the 2008 election:
82% of the city voted for Obama; 87% for Patrick Kennedy to House of Rep; 88% for Reed US Senator.
From the picture it looks like about 95% of the attendees are White, it would appear that diversity is not practiced in the City hiring.
Payback is hell.
They didn’t pay any social security? Man, I’m going to the next meeting to sell these rubes gold making machines.
They didn’t pay any social security? Man, I’m going to the next meeting to sell these rubes gold making machines.
By God, why didn't I think of that? /s
This is just a forwarning clap of thunder previewing the coming storm of pension failures likely to be occuring in the coming years and could likely make folks mad enough to start rebelling big time.
1) Every Central Falls teacher fired, labor outraged.
2) A Small City’s Depleted Pension Fund Rattles Rhode Island.
3) Central Falls, R.I., struggles to step back from financial abyss.
And the beat goes on.