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TroyinEwa/Perv
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California is cash strapped because the politicians keep spending. Giving them money is not going to change that.

 

I agree ... would have been better to drop it in a Salvation Army kettle. At least some poor bastards would have been fed. :xmascheer

 

 

 

The GOP's read the Bible a lot so what they should do for California is have California state employees work out of tents just like Moses and Abraham did. That would save a whole lot of money.

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California is cash strapped because the politicians keep spending. Giving them money is not going to change that.

 

I agree ... would have been better to drop it in a Salvation Army kettle. At least some poor bastards would have been fed. :xmascheer

 

 

Gotta disagree with you. California is cash strapped because of the obscene retirement benefits paid to state employees. Other things too....but the pensions are unreal.

 

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The sky is falling, the sky is falling. Okay, its a small Alabama town that has stopped paying its pensoion. It can't happen to a big city, right?

 

http://finance.yahoo.com/news/Alabama-Towns-Failed-Pension-nytimes-93215960.html?x=0

 

...“Prichard is the future,†said Michael Aguirre, the former San Diego city attorney, who has called for San Diego to declare bankruptcy and restructure its own outsize pension obligations. “We’re all on the same conveyor belt. Prichard is just a little further down the road.â€Â

Many cities and states are struggling to keep their pension plans adequately funded, with varying success. New York City plans to put $8.3 billion into its pension fund next year, twice what it paid five years ago. Maryland is considering a proposal to raise the retirement age to 62 for all public workers with fewer than five years of service.

Illinois keeps borrowing money to invest in its pension funds, gambling that the funds’ investments will earn enough to pay back the debt with interest. New Jersey simply decided not to pay the $3.1 billion that was due its pension plan this year.

Colorado, Minnesota and South Dakota have all taken the unusual step of reducing the benefits they pay their current retirees by cutting cost-of-living increases; retirees in all three states are suing.

No state or city wants to wind up like Prichard...

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