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Sure it's earned. But the employee did not contribute to it.
And employer pension funds are never guaranteed and can be changed, ended, modified at any point in time.
If the worker did not work , it would not be contributed.. it is an earned benefit.
Wrong. It is guaranteed until Obama changed the legislation and allowed the plans to cut benefits. It is the same as the bank telling depositors that their money is covered by the FDIC. If the bank goes under and the FDIC cannot cover the money that depositors placed into the banks, the FDIC could be changed by our legislators to only give partial payment to the depositor.
This action has opened many doors and can change any promise or guarantee to anyone . Our legislators can do whatever they want with the people's money.
The Pension Guarantee Corporation has been overridden by Obama signing the legislation to cut pensions .
"The Pension Guarantee Corporation has been overridden by Obama signing the legislation to cut pensions."
Long overdue. Longer life expectancy overwhelmed this "corps" ability, long-term, to keep up with defaults.
We need pensions restructured via normal bankruptcy reorg processes, like any other debt.
And should the FDIC die too. Is that long overdue? Should we kill all promised to those trusting individuals ? Should savers be given a portion of their money back too because the banks failed? Is that your belief. I disagree vehemently.
The government has no right to steal peoples money through legislation.
And how long would it take to give 201 briefings? More or less 201 hours maybe?
Your idea would guarantee they'd be voting on a bill they never read. Rand Paul said they should be given one day per 25 pages. How low is that bar in your view? I think it's a good idea.
As long as it's read, 25 pages a day is a good start. It takes as long as it takes.
Look, I'm reasonable. They are busy, I get it. But the "I didn't read it" defense is downright insulting. I can't believe they admit to it and get a pass on that BS. If the constituency approves- great, I voted yea. If the constituency doesn't approve- I didn't read it. And we sit back and let it happen with nary a peep.
But it does set a precedent..and public pensions and SS are on the back burners don't forget.
I don't think anyone under 50 expect to receive 100% of their SS, so there is nothing new going on. People like you are strange because you go on about how we need to cut spending, and when spending is cut, you can't stop complaining about it.
As long as it's read, 25 pages a day is a good start. It takes as long as it takes.
Look, I'm reasonable. They are busy, I get it. But the "I didn't read it" defense is downright insulting. I can't believe they admit to it and get a pass on that BS. If the constituency approves- great, I voted yea. If the constituency doesn't approve- I didn't read it. And we sit back and let it happen with nary a peep.
I have not heard them use it as a defense, I pointed it out myself. The bill is thousands of pages long, and they had only 48 hours to read it, and I happen to know it is impossible, so they passed a bill they never read. As a matter of fact the Congress does no seem to feel the need to make any excuses for passing it.
Last edited by Finn_Jarber; 12-23-2014 at 05:26 AM..
This was a very bi-partisan bill. It does not pass without a lot of support from both parties......but go ahead and argue which party was only 40% responsible with the other 60%.
The FDIC has never been insolvent. The Pension Guarantee Corp is on the verge of it. Apples and oranges.
That won't bother Taratova. He/she hates socialism, except when folks have "earned" it.
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