Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Advertisements
Quote:
Originally Posted by Wapasha
Where did the post even discuss this being 0bama's fault?
The state of California, all by itself, is looking at unfunded liabilities for their state employee's union pensions to the tune of $500 billion. There is no way in hell the unions did not know how unsustainable their demands were, but the state was ruled by liberals, and when liberals are in charge they just loot the treasury. now their man 0bama is holding the keys to the treasury and he is looting it like we have never seen in our live times.
That is just the way the political system works. You promise things for the next election- or union contract- and kick the bill for them down the road. It is all about the next election- or union contract. BUT if you think the PRIVATE sector is any better off, they are not. Many major corporations have huge underfunded pension liabilities coming down the pike.
Government is looking taking comments about the 401 k'$ before it's all over that will be part of the Social Security system and you will be payed an annutity on what you have earned untill death. Government needs the 4 trillion dollars that are in the fund.
Yeah look at Greece. Their govt workers are burning, looting and killing to keep their sweet deals.
"From the Times of London: “The President of Greece warned last night that his country stood on the brink of the abyss after three people were killed when an anti-government mob set fire to the Athens bank where they worked.”......
Public employees often work for less in wages that are made up for in benefits and pension pay. A decent accountant can make 2X in the private sector. They took the job on what was promised to them and it must be given to them. Now, I am for reform for NEW employees but those that were already hired should be given what they were promised.
but what many folks do not understand is, NJ teachers pay into their pension, the state do not and have not in the last 15 years. Beginning with Christie Todd Whitman and the stickly fingers club, they actually started dipping into the State pension fund to plug up the budget deficit. There are some districts in NJ where teachers do not pay for their health care, but they again do pay into the bankrupt pension fund. The Problem that SOME not ALL of these teachers have with the 1.5% flat rate, is the fact that it doesn't seem fair.
You could have a teacher with a family of 4 making $40K paying less than a teacher who is single or have one child making $80K with the same coverage. This formula does make it seem like a tax. The rate should be based on the level of coverage on not on the base salary.
But do you see him adressing, or even acknowledging the pension issues like he did with private sector pay?
He will be bailing out their pension funds - payback for the millions they spendt to elect him and the $100+ million they will invest in the 2010 elections.
Obama will address this alright. While you may not see violent protests like in Greece, there's nothing stopping a "walk out" where government comes to a halt. That will get their attention pronto should they even mention any cuts to government workers.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Quote:
Originally Posted by doc1
Yeah look at Greece. Their govt workers are burning, looting and killing to keep their sweet deals.
"From the Times of London: “The President of Greece warned last night that his country stood on the brink of the abyss after three people were killed when an anti-government mob set fire to the Athens bank where they worked.”......
I am not for violence but if it happens at least they picked the right target by burning the banks unlike rioters over here who burn some working guy's taxi cab or attack a truck driver.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Quote:
Originally Posted by blackandproud
but what many folks do not understand is, NJ teachers pay into their pension, the state do not and have not in the last 15 years. Beginning with Christie Todd Whitman and the stickly fingers club, they actually started dipping into the State pension fund to plug up the budget deficit. There are some districts in NJ where teachers do not pay for their health care, but they again do pay into the bankrupt pension fund. The Problem that SOME not ALL of these teachers have with the 1.5% flat rate, is the fact that it doesn't seem fair.
You could have a teacher with a family of 4 making $40K paying less than a teacher who is single or have one child making $80K with the same coverage. This formula does make it seem like a tax. The rate should be based on the level of coverage on not on the base salary.
I agree with you but I also think the days of fixed pensions should be a thing of the past and replaced with matching 401K accounts like they are in much of private sector employment- but again only for NEW employees and not for ones promised pensions.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Quote:
Originally Posted by sanrene
He will be bailing out their pension funds - payback for the millions they spendt to elect him and the $100+ million they will invest in the 2010 elections.
That is nowhere near what Wall Street and Corporate Class America will invest in elections. Especially since the Supreme Court said they can spend unlimited amounts now.
Really, public employee unions will be the death of this country - they are sucking it dry with their lavish compensation and benefits packages.[/quote]
Nothing about the trillions we have poured into the sands of the Middle East? Behavior bordering on fascism, foreign policy bordering on suicide, and you are worried about public employee unions?
The death of this country is ignoring our Constitution, which previous presidents have tinkered with and the last two presidents have done with abandon.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
