Comments on: U.S. public pension plans face $1 trillion shortfall
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- by hypnotoad72 June 20, 2012 8:49 PM EDT
In case you hadn't noticed, the private sector has been whittling down wages, via extorting illegals, \
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extorting
See that's where I lose track of you, because you are usually so well though out. Here's my secret: Nobody is always wrong. Please on this one do a heart check. You are way to smart to think we can drive this train forvever. - Reply to this comment
- One word... unsustainable.
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- Well like it or not I am going to blame bush here because he deserves the blame period...Most all pension funds had a surplus before legislation was passed that unions could not have such large pension surpluses and had to find a way to give it back..So they put a cap on pension funds then unions had to give most of it up right before the 08 economic meltdown which was a double hit on pensions..Had this horrible cap not been put in place by the bush admin Unions would still be in a surplus, with the cap and the 08 market collapse it made unions only have about 88% left to pay those pensions..It was a wall street heist on pensions the very same as it was on our Tax dollars, 401k's, etc...Everyone mad about being robbed by the banks should be standing side by side fighting these true criminals on wall street that keep getting away with robbing us all instead of buying into their divide and conquer bull..They got everyone that they robbed pointing fingers at each other when everyone should be pointing fingers at them...Rant over!
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- The Stock Market as Investment Security ?
There are No Free Lunches there's always a cost - Reply to this comment
- "There should be a system in place to provide for us when we're no longer able to work anymore"
Excuse me. Working 20 years then retiring with 90% of a full salary is hardly the scenario you describe. I started work when I was 22 and will not probably quit until 65. By then I'll have funded my OWN retirement 100% (I'm the employer). I will live on about 1/3 of the money I made. I will not get permanent health benefits nor will any of my pension be tax exempt.
Govt pensions are unsustainable. Period. They bear no semblance to the private sector. It's time the many stopped subsidizing outrageous benefits for the few. You may have contributed to your system for 16 years but it's not a fraction of what your benefits really cost. - Reply to this comment
- Also, people pay into these systems. Anyone calling it "entitlement" is either naive or a tool.
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- It's funny how many of the "please think of the children" people so glaringly ignore so many things going on in this country...
So, I know! More corporate handouts to companies that offshore will help! We've done that lots of times already and things couldn't be better for people right now, no?
So will raiding social security some more!
But let's just keep gutting the workers, regardless if they're bin the private or public sector, to redistribute the wealth of American workers to multinational corporations that won't be there once the countries they exploit start to go down... after all, just get the people to think the unemployed are lazy while you're silently destroying the system and voila... - Reply to this comment
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