Posted on 02/24/2010 10:29:05 AM PST by capacommie
not to mention gubermint employees and their pensions:
Reform advocates are spotlighting those with extravagant pensions
— $100,000 or more — as a way to get the public’s attention and
emphasize that the current system is unsustainable.
http://www.modbee.com/editorials/story/803636.html
Despite budget cuts and layoff warnings, California still hiring and workforce still growing
http://www.sacbee.com/politics/story/2094403.html
Perhaps the real reason why public-sector pension costs have not been tackled is that the full bill has never been revealed to taxpayers.
http://www.economist.com/opinion/displaystory.cfm?story_id=13988606
Private sector can’t afford public sector employees
http://www.pensiontsunami.com/public.php
Porkulus:
Wait until they pass legislation mandating a hefty portion of 401-k contributions to go towards buying Treasuries.
It’s the only way they’re going to be able to finance the debt, short of massive tax hikes. The American worker is going to become the government’s creditor, involuntarily.
Followed by increasingly tepid responses of "I disagree with that sort of action".
This isn’t austerity. It’s highway robbery.
The boat is beginning to tip. How do I jump off before it capsizes?
Aaarrgghhh
“The next step is to simply print money until we have hyperinflation.”
I moved 80% of my money overseas a week after the election.
Let us say the dollar is toast, from some economic disaster or other, and replaced by something like "Carbon Credits." You still get paid, and the credits, printed officially, are still globally negotiable, to pay for whatever. But they have expiration time - based of course on the totally scientific reason that carbon emissions are emitted and assimilated as a time dependent global phenomenon.
At that point each of us is being reimbursed on a time dependent cycle, with No possibility of wealth accumulation, i.e. No capitalization!
Does that ring familiar? Like maybe feudalism; you go daily to work in the fields, come back to the compound, do indeed get well fed, do indeed get medical care, do indeed get entertainment nightly, go to bed, to work in the fields again? And No wealth accumulation - as is otherwise possible in capitalism.
Does that ring familiar? Like maybe the Borg; you go daily to work in ....
Such is the endgame of Leftism. And such is the endgame of politicians (barons) keeping politicians (barons) as politicians (barons).
God, Oregonians and Minnesotans are stupid.
I recall Bob Dole, of whom so many thought they were so superior, in the 92 debates with Clinton: "It is YOUR money."
Johnny Suntrade
Time to pack up and move to Fiji...or somewhere.
Thank You!
“The boat is beginning to tip. How do I jump off before it capsizes?”
Make sure your real estate and cars are in trust, and move most your money overseas.
what does “in trust” mean for the layperson?
what about metals?
thank you
They started printing money..monetizing the debt...March of 2009.
I say let the irresponsible crash and then helpo out those who are responsible but getting dragged into the mire with the irresponsible.
Either that or an armed one. Armed violence gets more likely every day.
“0 has several chips on his shoulder. The biggest one is from his childhood, must have been tough being the middle class kid in Indonesia and Hawaii. He is simply getting even with the rich kids. Certainly explains his ‘vacations’ on the taxpayer tab.”
Another reason I miss GW. He never resented society, rich or poor or middle class.
Or Canada, Costa Rica, Brazil, Thailand, etc.
Seen the tax collections recently?
If I were a politician, I’d be worried!
Starve the Beast!
IIRC, last April revenue was down 30%. (Oh, it probably all came in anyway, but that big an increase in delayed tax payments is not a good sign.)
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