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Private pensions to fund housing (Hold on to your shorts, IRAs & 401ks)
Times Online ^
| 5/30/10
Posted on 05/29/2010 8:57:31 PM PDT by Libloather
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Socialists really do suck.
Have a great holiday!
To: Libloather
They are always there with the power of the government to take your stuff so they can do great things for other people.
And if you fight it, they have guns, courts, and laws.
What is the difference again between the mob and the government? I forget.
/johnny
To: JRandomFreeper
I think this is the tipping point, the pensions.
Those that were promised them by the municipalities that underfunded them, and the rest of us with 401k’s
Someone’s going to pay for someone else’s retirement...
Wonder who?
3
posted on
05/29/2010 9:02:54 PM PDT
by
IncPen
(How can a man who won't produce his own documentation lecture the rest of us on immigration?)
To: IncPen
The problem is that the 401s are in munis.
/johnny
To: JRandomFreeper
The problem is that the 401s are in munisMine's not.
To: Libloather
Affordable housing is a low risk, ethical investment Caveat Emptor whenever anyone is selling an "ethical investment".
6
posted on
05/29/2010 9:06:22 PM PDT
by
mlocher
(USA is a sovereign nation)
To: Libloather
So the working folks in the UK who paid taxes all of their lives to support “council houses” (the projects) are having their pensions put at risk to build more free housing for whom? The ever-growing ranks of those who won’t work? Illegal immigrants?
7
posted on
05/29/2010 9:08:37 PM PDT
by
LibFreeOrDie
(Obama promised a gold mine, but will give us the shaft.)
To: Libloather
Very large sums . . . currently going out of the country and buying American corporate bonds . . . should be channelled into a British institution that can function on providing infrastructure...."Where would you put your money? In a fund investing in the bonds of S&P 500 companies paying in excess of 5% a year, or in the bond fund of a country that is going broke and paying less than 4.5% a year?
8
posted on
05/29/2010 9:09:43 PM PDT
by
mlocher
(USA is a sovereign nation)
To: Libloather
From Wikipedia: “In Scotland, council estates are known as schemes.”
A fitting name...
9
posted on
05/29/2010 9:10:13 PM PDT
by
LibFreeOrDie
(Obama promised a gold mine, but will give us the shaft.)
To: GreenStreak
Don't you work for the man? Cop or something?
/johnny
To: JRandomFreeper
What is the difference again between the mob and the government? I forget.The mob is trying to make a profit and looks out for itself.
11
posted on
05/29/2010 9:10:45 PM PDT
by
mlocher
(USA is a sovereign nation)
To: LibFreeOrDie
Yep, they're screwed until they make a council bonfire.And that isn't likely to happen.
johnny
To: JRandomFreeper
Don't you work for the man? Cop or something?Nope.
To: JRandomFreeper
The problem is that the 401s are in munis Mine's not. Don't you work for the man? Cop or something?
Your post makes no sense.
To: JRandomFreeper
what the diff between the Mob and the Govt?
The Mob would run the Govt more honestly and competently.
15
posted on
05/29/2010 10:07:47 PM PDT
by
OldArmy52
(Democratics' Obama Cr*pcare: the gift that stinks more and more.)
To: Libloather
Oh yea, this will end well.
16
posted on
05/29/2010 10:10:41 PM PDT
by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
To: Libloather
When I worked for the Austin Fire Department, the city manager, Jorge Carasco, ordered our pension fund to provide "low cost housing loans to people who could not obtain financing through normal channels." The pension fund told him to pound sand. 30% of our pay went into the pension fund, and after those payments, the fund was totally self-supporting, meaning when a fire department employee retired, his pension was covered by the investments made from his contributions.
This was nearly twenty years ago. Governmental agencies will try to steal every pile of money they can find.
17
posted on
05/29/2010 10:13:13 PM PDT
by
Richard Kimball
(We're all criminals. They just haven't figured out what some of us have done yet.)
To: LibFreeOrDie
"So the working folks in the UK who paid taxes all of their lives"Yup, you got it, that appears to be the plan. The only real money left is in pension plans so naturally our "leaders" will find all sorts of ways to "invest" it.
18
posted on
05/29/2010 10:13:41 PM PDT
by
jpsb
(bump)
To: IncPen; Liz; AT7Saluki; writer33
Someones going to pay for someone elses retirement......swingeing budget cuts...
Wasn't that in a Wayne's World movie?
19
posted on
05/29/2010 10:24:22 PM PDT
by
Libloather
(Tea totaler, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
To: Libloather; All
To save you looking it up...:^)
Adj. 1. swingeing - severe; punishingly bad; “swingeing taxation”; “swingeing damages awarded by the judge”
20
posted on
05/29/2010 10:59:10 PM PDT
by
az_gila
(AZ - one Governor down... we don't want her back...)
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