Skip to comments.SEIU: The Terrible Public Pension Threat
Posted on 08/13/2010 6:25:04 AM PDT by Oldeconomybuyer
It's time for a class war over public union pensions. So says Ron Lieber, writing in the New York Times. Okay, let's rumble.
The rich were positioned to get richer, even during this recession. It isn't that there's no money, it's that money has been steadily taken out of circulation to be uselessly hoarded by the top one percent of income earners. And now, with government revenues starved by tax cuts for the rich and wage declines for most everyone else, the proposed solution is to break pension obligations to the few people who still have them.
The pension alarmists would have us believe that the debate is about whether the public can afford to honor promises to retirees.
Which is nothing less than a threat to price the average taxpayer out of all the benefits of civilization so that the top one percent of income earners won't have to suffer the return of Clinton-era tax rates.
(Excerpt) Read more at seiu.org ...
I suppose they think they are the only average taxpayers and that all the rest of us are in the 1% of “richest”. So it must be okay to take OUR money to cover their pensions. We must put an end to this.
If you ever doubted they are Marxists, this should resolve that doubt.
Nothing more than “The rich steal from the poor” Marxist rant.
The only way money can be taken out of circulation is by stuffing it in a mattress, burying it in a hole in the ground, burning it in an incinerator, etc.
The money of the top one percent is spent, re-lent or otherwise reinvested back in the economy.
Taxing that wealth means that the government is taking it out of that economy (where it is needed BTW) and using it for guvvie purposes (which have been proven over and over and over again to be an unproductive use of capital).
The implosion of SEIU, among other like unions, will be a glorious day indeed.
No one ever accused the Left of understanding economics.
I wonder how they balance their checkbooks. They probably think those little adding and subtracting errors are caused by gnomes at the bank.
Now we are expected to take advice from that theiving
SEIU crowd who is intent on bankrupting the country.
Time to cancel all their contracts and start over. If they stike will anybody know?
Pray for America
And them striking might be a good thing, then just fire them and let people who WANT to work back fill the jobs.
These salaries AND PENSIONS are OUT OF CONTROL and MUST be STOPPED!!
Perhaps, but @ what cost. 30,000 in line in GA for more Gov't handouts was a sad site of the failure of almost 50 years of Gov't largess that did not empower but enslave. By extension, does the likes of an SEIU pension (which is an annuity no matter how you slice it) a step up, but just another tether against liberty?
Tangenital to this is the potential brilliance of Kemp/Roth, which were the Reagan tax cuts and the introductions of IRA's and 401k's for the masses. Maybe Reagan totally got that if it our money it totally takes away power from the likes of the unions via their pensions that make you "captive"...
What concerns me is only by grace whether economic or Divine that the likes of GM and the Federal Gov't continue to run as Debtors (i.e. the Weimar Republic Syndrome) because our creditors have to much to loose. Not so with the likes of SEIU, I am sure these folks will let them implode, but it may get ugly.
when he says “let’s rumble” he means it....literally!
Their end game involves a purple-shirted street mob.
President Barack Obamas political director failed to disclose that he was slated to receive a nearly $40,000 payout from a large labor union while he was working in the White House.
Patrick Gaspard, who served as the political director for the Service Employees International Union local 1199, received $37,071.46 in carried over leave and vacation from the union in 2009, but he did not disclose the agreement to receive the payment on his financial disclosure forms filed with the White House.
In a section on his financial disclosure where agreements or arrangements for payment by a former employer must be disclosed, Gaspard checked a box indicating that he had nothing to report. Bill Burton, a White House spokesman, told POLITICO Monday that Gaspard was in the process of correcting his disclosure form to reflect that he did in fact have an agreement for severance.
We have made the small administrative change to this year's and last year's forms to indicate that part of the final payment to Patrick reflected their typical severance of one week of pay for each of his nine years of service at Local 1199 of SEIU, Burton wrote POLITICO in an e-mailed statement.
Such financial disclosures are governed by federal law, but Stan Brand, a former House general counsel and ethics expert, said the Justice Department is unlikely to pursue an investigation unless they suspected a knowing or willful intent to deceive.
Gaspards omission is a potentially embarrassing episode for the Obama administration, which has made a high priority of ethics. Theyve made ethics a fetish and they have all kinds of people over there with experience, so I dont know how they missed this one, Brand said. Gaspard spent nine years at 1199 SEIU, a major labor union in New York.
Gaspard also worked for Obamas campaign, and later worked for the transition team, where he earned $11,500, according to the financial disclosure form he filed this year. He was pulling a salary from SEIU until Jan. 16, 2009, shortly before Obama was inaugurated.
Gaspard, who made $172,200 in 2009, has from $35,000 to $80,000 in credit card debt and student loans, according to his financial disclosures. This SEIU payout was first raised in early June by Rep. Darrell Issa (R-Calif.), the top GOP lawmaker on the House Oversight and Government Reform Committee. He sent a letter to the White House asking for information about the payment. They have yet to respond
LOL....Issa is a pit bull.
Will get even longer until we eject this dingbat and his pals from the WH.
Issa’s current list of Democrat crime must be close to the size of a Russian novel.
Aw, Liz. It was just an OVERSIGHT! Honest! How can we possibly think these people are corrupt??