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LOL...you were HAPPY to lose your pension in lieu of a 401k?
That's a first. I'd prefer to have both, not to mention that this was the intent of the 401k anyway...to be no more than a part of your retirement.
I have a 401k myself, but I sure as hell wouldn't be buying a set of pompoms with tears of joy if I'd had my pension replaced with one. That doesn't make sense.
I think he is under the illusion that somehow Transnationals (Wall Street) and Municipal Corps (Govt) are somehow separate. LOL.
I'm not being heartless as I'm a blue collar guy, i feel for those folks. It's the politicians who are to blame for this mess..
How does the politicians being warned with stat's and not taking action have nothing to do with this. They have everything to do with this...I feel for the common worker, I'm one myself...
At this point, it is what it is..Maybe Obama will step up and make things right, IDT so! ...
But wasn't it the often public sector unions who put those politicians into office. We all know how it works. We see the signs every election cycle: 'rated outstanding by police guild,' 'endorsed by firefighters,' 'rated A+ by the teachers' etc.
But wasn't it the often public sector unions who put those politicians into office. We all know how it works. We see the signs every election cycle: 'rated outstanding by police guild,' 'endorsed by firefighters,' 'rated A+ by the teachers' etc.
Buying votes is the Democrat's bread and butter campaign strategy. Detroit voters got and are getting what they voted for....the politicians just ran out of other people's money.
Buying votes is the Democrat's bread and butter campaign strategy. Detroit voters got and are getting what they voted for....the politicians just ran out of other people's money.
Yeah exactly; that's the way I see it. Any smart parasite will be careful not to suck too much blood and kill the host. The host can always survive without the parasite, but the parasite can't survive without the host.
LOL...you were HAPPY to lose your pension in lieu of a 401k?
I didn't lose my pension. I still keep what I had earned up to that point (of course as long as the business doesn't go Kaput) but from the time of change the company puts 9% of my income into a 401k (and I put 6%) and that is mine.
Quote:
That's a first. I'd prefer to have both, not to mention that this was the intent of the 401k anyway...to be no more than a part of your retirement.
I have a 401k myself, but I sure as hell wouldn't be buying a set of pompoms with tears of joy if I'd had my pension replaced with one. That doesn't make sense.
I wonder what the employee's of Detroit wish they had?
There are other cities that went bankrupt but they didn't touch the pensions, Detroit is the firs. They are also not the only state or city with pension problems.
There were some decent people that will be hit with pension losses, but there were also a lot of pigs at the trough.
There are other cities that went bankrupt but they didn't touch the pensions, Detroit is the firs. They are also not the only state or city with pension problems.
There were some decent people that will be hit with pension losses, but there were also a lot of pigs at the trough.
Something tells me after the 10 years of promising unfunded benefits it's going to be a blood bath after this. City after City.
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