I would prefer to save the pensions by cutting them. I don’t want them eliminated, just like I wouldn’t vote to eliminate Social Security (in the short term). Too many elderly people are dependent on it.
It’s pretty clear that many states have promised more than they can afford. Do you cut existing services so that you can continue to pay ridiculously generous pension payments to retirees? It’s either settle for less or get nothing. That’s the choice facing many government pensioners in the near future.
So now the fat a$$ed in-laws of Rat political hacks who were paid $50/hr to lean on their shovels or do crossword puzzles at their desks (and donate to their patrons’ campaigns) are expecting their solid gold pensions...complete with an exemption from OsamaObamaCare.”Government” in this country..particularly in Rat controlled areas...has been one huge Ponzi scheme for decades.
this is what i told a guy i know(county union worker) awhile back, he was not pleased… I Don’t Care.
When you extorted your unjustifiable contracts, you didn’t care about the Taxpayers that will be forced to pay for your salary and benefits that is more, and better, than theirs, no…
You said: Either give me what I want, or I will hurt you.
I will GO ON STRIKE and I WILL HURT YOU!!!
NOT, If you don’t give me what I want, I will quit, and get a different job… NO!
It was, GIVE ME WHAT I WANT OR I WILL HURT YOU!!!
You were told over, and over, and over again, through the years, and extorted contracts, that it was unsustainable.
But YOU didn’t listen, and YOU didn’t care.
And the local government said OK, because there was nothing they could do, And, knowing it would be somebody else’s problem down the road, well...
Well, guess what?
It’s down the road, and now… it’s YOUR problem!!!
The trough is empty, and the teat is dry.
Can you hear ME now???
You were all fat dumb and happy as long as your snout was in the PublicTrough up past your eyeballs,
but now…
Now… that the food level has dropped below Your eyes, even YOU can see the writing on the wall as well as the rest of us.
There WILL be reduced benefits to be sure, if not outright eliminations…
And guess what???
I, DON’T, CARE!!!
Public employees should receive compensation and benefits - including retirement benefits - that are comparable to those provided to people working in private industry. It is not a complex issue in that sense. When resolving insolvent pension plans for public sector retirees, efforts should be made to achieve results similar to what would happen if the pension plans were private pension plans.
We have gone way too far down the road of providing compensation and benefits in the Public sector that are out of line compared to those in private employment settings, and it is unjust to heap a greater tax burden on the backs of lower-compensated private tax payers to fund bailouts of excessively compensated retired government employees. Ideally, anyway...
It is worth noting that one of the major reasons that pension plans are under funded (in addition to several other big ones) is that the current financial crisis - which is the result of crony capitalism/collaboration between large financial interests and the government - the current financial crisis has led the Federal Reserve to severely suppress interest rates on savings/pension investments. The Fed has thus helped to make pension plans insolvent, while at the same time providing huge subsidies to the big banks and to the speculator financial class that can borrow HUGE amounts of money for nothing due to the suppressed rates, and can place risky speculative bets all while having taxpayer backing in case those bets go bad. This amounts to a huge wealth transfer taking place at the expense of retirees and other savers...