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Why not? Because it's one of the most greedy acts I've ever witnessed. It's disgusting to take bailout money and not make any sacrifices for your company.
Did the unions that benefited from the auto bailout "make sacrifices"? No, they did NOT.
Yeah, we get it. Lefties hate fat cat CEO's, but love their fat cat union thugs.
I think you are now talking about the real entitlement class.
AIG ended up changing their name it was so tainted with greed and mismanagement.
Just when I start thinking we DO need to crack down on all those welfare programs - I get reminded of things like THIS and who the real "Moochers' really are.
Ugh.
So did GMAC. They are now Ally with no mention of their former name. And the Treasury still owns over 70% of them.
Did the unions that benefited from the auto bailout "make sacrifices"? No, they did NOT.
Yeah, we get it. Lefties hate fat cat CEO's, but love their fat cat union thugs.
No, you don't get it. Just do lots of assuming.
The unions should have made sacrifices as well. I believe many of their demands are wrong. Seriously, peeps, stop assuming and start asking. Does a body good!
Exactly so. The teacher's union better wake up big time.
Obama likes to talk about "millionaires and billionaires" not paying their "fair share." Teachers work 9 mos. per year. A typical salary for a public school teacher who retires at age 55 is $85,000. That teacher get's 50% of her annual salary in pension, or $42,500/yr. Her equivalent net worth is therefore $1,062,500 (using the 4% rule).
However, her health care costs are subsidized at 60%, and her salary is constantly cost of living adjusted, so her income is never decreased by inflation.
If the teacher chooses not to retire till age 59, she gets 75% of annual salary, or $63,750/yr. for a net worth of $1,593,750!
For a teacher with a Masters Degree, those figures are much higher.
Moreover, this income is not at risk by market forces. It's guaranteed by the government. And these pensions are for life! No worries about the money running out before she dies!
So, when you hear Obama talking about "millionairs and billionairs," include teachers in that group. And next time you hear them whine about not getting paid enough, you'll know what to say.
For the average self employed working Joe who owns his own business and is successful, when he retires he is living off his investments (capital gains, interest and dividends) which are always at risk by market forces, and can be easily erroded by inflation. He HOPES his money last till he dies. And HE must buy his own health insurance. This is the guy that Obama's policies of "taxing the rich" are aimed at. This is the guy that was producing economic growth and providing jobs. But Obama and the Democrats want to punish his achievement!
Obama likes to talk about "millionaires and billionaires" not paying their "fair share." Teachers work 9 mos. per year. A typical salary for a public school teacher who retires at age 55 is $85,000. That teacher get's 50% of her annual salary in pension, or $42,500/yr. Her equivalent net worth is therefore $1,062,500 (using the 4% rule).
However, her health care costs are subsidized at 60%, and her salary is constantly cost of living adjusted, so her income is never decreased by inflation.
If the teacher chooses not to retire till age 59, she gets 75% of annual salary, or $63,750/yr. for a net worth of $1,593,750!
For a teacher with a Masters Degree, those figures are much higher.
Moreover, this income is not at risk by market forces. It's guaranteed by the government. And these pensions are for life! No worries about the money running out before she dies!
So, when you hear Obama talking about "millionairs and billionairs," include teachers in that group. And next time you hear them whine about not getting paid enough, you'll know what to say.
For the average self employed working Joe who owns his own business and is successful, when he retires he is living off his investments (capital gains, interest and dividends) which are always at risk by market forces, and can be easily erroded by inflation. He HOPES his money last till he dies. And HE must buy his own health insurance. This is the guy that Obama's policies of "taxing the rich" are aimed at. This is the guy that was producing economic growth and providing jobs. But Obama and the Democrats want to punish his achievement!
Yep. And those are Ohio wages. Try NY $107,000 avg. salary for a teacher. We have a gym teacher who makes $150,000 and a Kindergarten teacher who earns $125,000. Our Superintendent earns $300,000 plus something ridiculous like 70 vacation days and benefits. It's a racket, yet dare to vote down their outrageous increases every year and they scream and carry on, refuse to work past contract hours, wear their black union shirts on Fridays and on and on. Meanwhile, student enrollment is down 10% over the past 6 years, but its costing the taxpayers $37,000 per student! That, my friends, is not SUSTAINABLE.
Yep. And those are Ohio wages. Try NY $107,000 avg. salary for a teacher. We have a gym teacher who makes $150,000 and a Kindergarten teacher who earns $125,000. Our Superintendent earns $300,000 plus something ridiculous like 70 vacation days and benefits. It's a racket, yet dare to vote down their outrageous increases every year and they scream and carry on, refuse to work past contract hours, wear their black union shirts on Fridays and on and on. Meanwhile, student enrollment is down 10% over the past 6 years, but its costing the taxpayers $37,000 per student! That, my friends, is not SUSTAINABLE.
Wow..here in Texas the most a teacher can hope to make is $44K after 20 years.
(But I will add that most districts do pay more than the min but not that much more).
Wow..here in Texas the most a teacher can hope to make is $44K after 20 years.
(But I will add that most districts do pay more than the min but not that much more).
And I think, I could be wrong, but I'm pretty sure you don't have unionized teachers in Texas. Texas was also smart enough not to sign on to Obama's Common Core Standards and Race to the Top. Go Texas!
But when a business starts losing profits, they MUST continue paying for labor that they cannot afford?
They are called "greedy pigs", but you are being responsible?
It's basically the same thing. When you need to cut services, you do.....without regard for the people that you effect.
Why would they? Last time I checked people get laid off when a business hurts financially.
What is the point of this thread?
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Teachers: One of my pet peaves.
