Our anger is misguided when we see employees and pensioners as the bad guys.
In years past our Federal government spent a huge baby boomer surplus, which existed in the Social Security Trust Fund. IOUs replaced real money in the trust fund. When that fund goes bust, are Social Security Annuitants to blame? If you believe so, your anger is misplaced.
When a state or local government promises employees a pension to be funded with equal contributions from the employee and the government - but later the government decides not to contribute its promised share. Whose fault is when the pension fund gets in trouble. It's not the employee.
Private or public - a promise is a promise. If governments want to change or eliminate pensions - that's fine. However, let's not allow politicians to place blame on innocent parties when it's they and those administering pension plans who are responsible .
I had said, "Private or public - a promise is a promise. If governments want to change or eliminate pensions - that's fine..."
I meant to say, "If governments want to change or eliminate pensions for new employees - that's fine...
Nonsense.
Gubmint Union Employees and Pensioners ARE THE BAD GUYS.
You all bought the LIE and voted for the crooks who promised the world, with no intention of ever providing for it.
And now. MY KIDS and YOUR KIDS have to pay for it?
Not in this world, my friends.
It’s happening right now in lots of blue states. Current tax revenue gets gobbled up by past pension lies. Residents are paying for things they didn’t vote for, get no benefit from and WILL DEMAND relief from.
Sorry, but you should have planned more realistically. Future generations will learn from past mistakes, as it always has been
Contract’s a contract? The greatest contract ever among people, the US Constitution is being dismantled.
Tell your story to other GM bond holders who got NOTHING, maybe they will be sympathetic. s/
“Our anger is misguided when we see employees and pensioners as the bad guys.”
The problem, friend, is that there is nothing that the government check recipients would NOT do to the people that pay for them in order to keep their benefits.
Not only are they the bad guys, but they are the people that will - when it comes to it (we’re closer every day) do whatever they can, including demagoguery, oppression, tyranny, and execution of their fellow Americans so they can enjoy “their” pensions and other perks of government hegemony over the serfs that pay the bills.
In other words, you may think they aren’t your enemy - but how many have you seen object to the evolution of the system we have now? Not one.