Posted on 10/22/2011 4:56:39 PM PDT by reaganaut1
14 billion dollars?
Nothing to say, but wow.
“Before this is over, many Americans may be forced to rethink what government means at the state and local level.”
I decided that DECADES ago!
I want police & fire protection and EMTs. I want the trash picked up (but that’s optional; I’m able-bodied and can go to the dump, compost & recycle stuff) and I want the roads safe. I don’t mind funding a library with my tax dollars.
I want all public employees funding their own health care and retirement funds just as we do in the private sector. I want honest, legal and transparent elections at my Town Hall. I can live without a post office when the private sector can move packages and mail for me cheaper and more efficiently.
And that’s about all I need from government. That’s all anyone should need, IMHO.
The World is out of $$, principly because Western politicans made far more promises than they could keep. The Policy Wonks have known this for some time. In a few years it will be painfully obvious to everyone, including Joe Sixpack and his kin.
Rhodent Island only has so much cheese to go around for the destructive ‘Rats who greedily milked it dry. Or was it the Koch bros? (:
perhaps, given the level of utter stupidity among most politicians, your last sentence should read
it is painfully obvious to Joe Sixpack and his kin now.
In a few years it will be painfully obvious to politicians.
Oh, trust me, all the politicians know. But they want to keep getting re-elected, so they will do whatever it takes to keep the status quo going. But those measures are getting ever more ridiculous and extreme. They are pi$$ing in their pants hoping it won’t all blow up on their watch.
You left out the public school system — which is one of the biggest expenses for any state.
And will the residents of RI hold the Democrats responsible for this sham accountable and boot them out? Sincerely doubt it.
From the beginning, Rhode Island was a bad idea. Let’s give them back to Britain.
The decreased standard of living for many Americans is how the bill is coming due and being paid.
What will the retirees in Rhode Island do when there is no pension at all or when inflation turns it into a pittance?
That means defeating the union thugs, which as we see in Ohio and Wisconisn, is a bitter and bloody matter. The only thing that may bring reality home is to see some pension funds just go dry, like the city in Rhode Island and a few other harbingers around the country.
8.5% or 7.5% return ... get real, try about 1.5% if you are lucky.
It’s a Union state, for both private and public employees. Not surprising they’re running out of money, the state’s as liberal as they come.
Let's not pussy-foot around: it's a Catholic state. there's just something about Catholicism and corruption.
Just wait until Social Security and Medicare collapse. How many private sector plans include significant contributions from those?
And how many plans will survive the collapse in Treasuries and other prime securities after they are inflated into oblivion?
And how many of the remaining plans are going to survive government confiscation? After all, isn't it fair that we all share in government caused misery together?
$15B pension system?
Little Rhode Island?
Hey,cut it out. I guess people should have stayed in Ma and been persecuted by the Puritans.
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