Posted on 02/21/2010 12:25:46 PM PST by jimbo123
Fraudulent contracts are illegal. It is interesting that you mention mortgagees because a lot of today’s mortgages written during the real estate bubble from 2001-2007 were most certainly fraudulent. Judges are kicking banks out of the courts these days the mortgage papers are so sloppy and fraudulent. Homeowners are being awarded the house because the bank cannot legally foreclose
Sloppy sloppy sloppy during the bubble years with secretaries signing instead of bank officers and with sliced diced mortgages with no clear chain of custody
They get Social Security on top of these pensions.
Your point in #19 is what I have been saying all along: We have a MORAL as well as legal obligation to pay these pensions. These teachers (& others) fulfilled their part of the bargain, & many did so in outstanding fashion.
Contract law is fundamental to a civilized society. Obligations MUST be honored, especially by gov’t, or anarchy will be the result.
If you want to single out someone to blame, look to the pols of BOTH parties. Keep in mind that in the last 29 years, we had a Pub president for 20 of those years. I don't care for Rats either, but mice are no better.
Again, I do NOT like it. But we Americans, along with most western “democracies”, have dug a DEEP socialist & bureaucratic hole, & we CONTINUE to dig. It's gonna hurt ALL of us for generations to come, even if we stopped the madness today. Pension obligations are a very small part of a very big problem.
I gotta go. Dana Perino is on FNC. If the first face I see after I die is Dana Perino, I'll know I am in heaven.
A mortgage is 100% your responsibility. You negotiate it with a bank
The typical teachers union contract is a sweetheart contract. Have you ever heard that expression? A "Sweetheart labor contract"?
You had no part in negotiating it. Democrat hacks who were in cahoots w the teachers arranged that contract. I would not even use the word "negotiate" to describe that process. It is fraud
There might be legal obligations to honor some insane pensions arrangements the teachers union got
I see no moral reasons to do so
Some cash strapped counties and states need to go bankrupt so these BS labor contracts get abrogated and renegotiated downward.
This is completely legal. This is called bankruptcy reorganization
Plenty of private sector workers got screwed by this process...Now is the turn of the public workers
I have 1000 times more respect for unionized workers at private businesses. If they push it too far then the company moves to another state or to another country.
In marriage thee is a legal provisions for divorce
I want a divorce from the thievery of outrageously paid and pensioned public employees. I don't have the money to pay these assholes. That divorce has a name --- "Bankruptcy and reorganization"
Dana Perino...... I saw the other day on Fox and she was far too made up and with an overwrought overdone hairstyle. This added seven years to her age.
Looked much more foxy working for GW
If you are not aware this is what is happening in Greece. The government spending is out of control and there it is impossible for tax revenues to cover the future obligations the politicians agreed to. The solution that is proposed is a bailout, tax payers from other countries should pay the salaries, pensions and social programs that the Greek politicians committed themselves to. You must realize this would be a total disaster.
In the US, the politicians and bureaucrats who agreed to burden future tax payers with these impossible obligations had an obligation to be honest and responsible in their decisions. They were not.
Also the NYC voters will never pay for this. They will demand assistance from the State of NY and the federal government. The people who will end up paying for this if the contracts remain in place will be people who the NYC politicians had no right to place these obligations on.
For years I have been posting that public sector unions are a far larger menace than private sector unions which have been losing members and influence for years
I remember reading in Forbes Magazine about 17 years ago that in Michigan the number of teachers union members was now greater than the number of automobile union members in Michigan. That was a sign of real sickness, of money grubbing gubbermint slugs becoming bigger than private enterprise
>> We have a MORAL as well as legal obligation to pay these pensions.
Moral obligation my ass.
$100,000 pensions - unbelievable. But the rest of us in the private sector are greedy and have to redistribute our money.
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