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You continue to focus on 2010/2011, never mind this debt has been piling up FOR YEARS.
Yeah, no kidding. Union greed has been piling up FOR YEARS. That's why so many state and local governments have massively underfunded pension liabilities, etc.
If the pension liability was already in the negative 10 years ago, WHY in the hell would they continue to let it pile up?
You're not getting it... the public unions DEMAND it. Look at what happened in WI when the state legislature tried to rein in horrendous inherited deficits by merely limiting public unions' collective bargaining, not even ending it outright. The greedy unions threw temper tantrums for weeks!
Yeah, no kidding. Union greed has been piling up FOR YEARS. That's why so many state and local governments have massively underfunded pension liabilities, etc.
There you go again, giving these taxed payed Politicians a pass. Hopeless, just hopeless.
You're not getting it... the public unions DEMAND it. Look at what happened in WI when the state legislature tried to rein in horrendous inherited deficits by merely limiting public unions' collective bargaining, not even ending it outright. The greedy unions threw temper tantrums for weeks!
YOUR NOT GETTING IT. THE DEBT DID NOT BEGIN THIS YEAR. My goodness, take the one sided blinder off. Good Grief.
YOUR NOT GETTING IT. THE DEBT DID NOT BEGIN THIS YEAR. My goodness, take the one sided blinder off. Good Grief.
Too many people are getting caught up in the feeding frenzy.
Last month it was folks earning $200K a year that were bad.
Before that it was the greedy CEO's that were bad.
Before that it was the banks that were bad.
Each month the herd moves to a new "bad, greedy entity" and demands change.
At the end of the day though..we're STILL BROKE.
No one person or group got us to where we are today.
It took decades of greed, arrogance, outright cheating and collusion.
People want someone's head on a platter so they can feel good about themselves. But it won't remove the debt and it won't increase the revenue.
Too many people are getting caught up in the feeding frenzy.
Last month it was folks earning $200K a year that were bad.
Before that it was the greedy CEO's that were bad.
Before that it was the banks that were bad.
Each month the herd moves to a new "bad, greedy entity" and demands change.
At the end of the day though..we're STILL BROKE.
No one person or group got us to where we are today.
It took decades of greed, arrogance, outright cheating and collusion.
People want someone's head on a platter so they can feel good about themselves. But it won't remove the debt and it won't increase the revenue.
It's sad news, especially knowing that California started the whole problem when they passed the law to freeze their taxes to the value of their homes when they bought them.
It's on all of us that we have not made provisions for our citizens in need.
Too many people are getting caught up in the feeding frenzy.
Last month it was folks earning $200K a year that were bad.
Before that it was the greedy CEO's that were bad.
Before that it was the banks that were bad.
Each month the herd moves to a new "bad, greedy entity" and demands change.
At the end of the day though..we're STILL BROKE.
No one person or group got us to where we are today.
It took decades of greed, arrogance, outright cheating and collusion.
People want someone's head on a platter so they can feel good about themselves. But it won't remove the debt and it won't increase the revenue.
EXACTLY Happy....I could not have said it any better. Everyone want to blame one side or one party, but the bottom line is, it took years for us to get here and ALL SIDES are too blame
There you go again, giving these taxed payed Politicians a pass. Hopeless, just hopeless.
You just don't get it. That's what's hopeless.
Here's what happens when politicians try to say "no" to public union contract negotiators. A mediator is called in and the mediator makes a binding decision regardless of the government's ability to pay for the contract's stipulations.
If public unions hadn't been making excessive demands for all these years, state and local governments wouldn't find themselves with these horrendous budget deficits, faced with multi-millions (multi-billions in some cases, like the WI teachers' pension system) of dollars in underfunded pension liabilities, etc.
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