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Government workers pensions are $5 Trillion underfunded. It's not a Blue vs. Red issue...its a taxpayer versus government offical issue, & taxpayers are getting fleeced.
Nearly everything we see, & read, about local governments actions, are in some way, tied to these massive pension debts.
Nancy Pelosi wants to tax American taxpayers to keep these government worker pensions afloat. This is why there has not been a new covid-19 relief bill passed....Trump won't allow it.
Gov't workers make $7,500/year (today's estimate) more than non-gov't workers, they have better health plans, more job security, AND lucrative pensions (pensions in the private sector are nearly exctinct).
Why? Because gov't workers keep giving themselves raises, & taxpayers are powerless to stop them. There is no transparency, & every politician allows it to continue, so you can't vote your way out of it.
Wouldn't you like to give yourself a big raise every year?
"Gov't workers make $7,500/year (today's estimate) more than non-gov't workers, they have better health plans, more job security, AND lucrative pensions (pensions in the private sector are nearly exctinct)."
I do not think it is a fair comparison comparing salaries across the board like that, because the gov does not employ masses of low wage jobs like fast food and retail like the private sector does.
I will also add; gov workers do not give themselves a pay raise, they have no authority to. This comes from elected officials.
On top of that, Seattle - King County - sends $3 billion to 33 other counties in the state that can't pay for their own infrastructure. Maybe they should stop doing that.
On top of that, Seattle - King County - sends $3 billion to 33 other counties in the state that can't pay for their own infrastructure. Maybe they should stop doing that.
Seattle is taxing their employers out of the state. Boeing is shifting tens of thousand of jobs from Seattle to South Carolina. Amazon is having people work in other nearby communities, or telecommuting to avoid Seattle taxes.
Seattle will be the next Detroit..they are killing their job producers just liek Detroit did.
Seattle's gov't worker pension is Billions of Dollars underfunded, which is why all the tax increases.
Seattle's a train wreck of liberal policies and inept Democrat "leadership".
Seattle, San Fran, Portland, LA, Compton, are all crapholes, thanks to Democrats, and their tax & spend policies. Where is the money going anyways?
A lot of factors a tax increase might not cure like mismanagement. And just like the private sector government employees should be bought out and given incentives to leave the company/their job to trim the payroll and save on legacy costs. This should be regularly. You can't let everyone retire after 30-40 years with accumulated sickdays etc. Also many government jobs were given generous pensions, benefits etc to offset low pay but this is from a different era. Many government jobs the pay is competitive and the benefit packages don't have to be beefed up like they were in the past.
Public sector pensions should be abolished. In Illinois, our State Constitution even protects a pension from being changed. Illinois has the worst pension liability in the nation due to a government run by and for public employees and their greedy unions.
This is done regularly throughout all states. Tax payers are always on the hook to cover state worker pensions. It stokes a lot of anger, and resentment with people who have to manage their own retirement plans. It's time to end these antiquated and unsustainable pension plans, and require state workers to utilize 401Ks just like the rest of us.
On top of that, Seattle - King County - sends $3 billion to 33 other counties in the state that can't pay for their own infrastructure. Maybe they should stop doing that.
Isn't that done on the State level? They might not have a choice.
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