There will be a war over this. Pensioners vs producers.
“There will be a war over this. Pensioners vs producers.”
Pensioners generally think and have the expectation that taxpayers exist to pay their pensions, while taxpayers generally think that they should get services for the taxes they pay.
I’m not sure there is anything local, state and federal employees/pensioners would NOT do to taxpayers/citizens to get the money they think they should get. They are legion, and they are going to be very angry when we can’t pay them anymore.
They just have to hang on until Jan. 21. That’s when the bailout request will hit Obama’s desk.
True, but it wouldn't be an issue if the folks in control hadn't made a lot of promises then kept up the bad practices until they could no longer be kept. I was promised free health care for life when I joined the military and it is no longer free (although the deal is a lot better than folks in the private sector). I kept my end of the deal and gave them 24 years vs. the 20 years that was required - why shouldn't I be upset that "they" broke their end of the deal? I understand that the "pensioners" are no longer "producers", but they made end of life plans based on the contracts they had worked under and have every right to expect the deal (even if outlandishly lavish) to be adhered to.
No, the true war would be between pensioners and the welfare class. The reason SB is bankrupt is it has too many people taking public assistance, and not enough paying taxes.