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To: Rummyfan
If a Federal bankruptcy voids state pension obligations, then it should be encouraged. If it is just another vehicle to arrange Federal bailouts of state mismanagement, then no.

Ultimately, a state's Democrat leadership needs to be forced to go before a Federal tribunal and - in full view of their voting base - be required to state: "We promised to pay these greedy idiots too much and now we have to cut them off to survive!"

Then let the electoral chips fall where they may. :)

9 posted on 04/25/2020 11:12:48 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Mr. Jeeves
If a Federal bankruptcy voids state pension obligations, then it should be encouraged.

So you feel that someone who worked all their life in a government job and has a state pension should suddenly be made penniless through no fault of their own? I will be the first to say that states went way too far in what they promised in the way of pensions, and I think pensions for new hires and those with at least 10 years to go before retirement should be drastically reformed. But for many people already retired or close to it, they have had both Social Security and state retirement contributions taken from their pay, leaving them with little to invest on their own, and they rely now rely on that pension to live.

23 posted on 04/25/2020 11:40:32 AM PDT by CA Conservative (Texan by birth, Californian by circumstance)
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To: Mr. Jeeves

bankruptcy is fine and dandy but unless there are defined, actual cut backs in govt including closing silly departments and laying off govt employees is all moot......


35 posted on 04/25/2020 12:11:49 PM PDT by cherry
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