That's what they are doing...The pensions are part of their wages for the work they did today and yesterday that they trusted the Gov't to hold for them...The Gov't spent it instead...
You wanna chop their wages, go ahead...But don't cheat them out of their own money that is owed to them...
I’m not cheating anybody out of anything. As has been said, “They trusted the gov’t” and it was the gov’t that cheated them. (The gov’t also cheated future citizens of the municipality by promising pay down the road under a totally different administration).
...And pensions are not part of wages. I’m all for giving current employees a HIGHER wage if that’s what they deserve from their willing employers in the community. But I’m against signing up future generations for paying pensions for folks that work for me now.
Just my take on it. I’m paying these retirees and they never worked for me. They worked for someone 40 years ago who presumed on me to pay pensions in the next century.
The government didn’t spend their money, (unless your talking Social Security,) The government, local and state, made promises to public employees that they knew they couldn’t keep. The pensions for retired public employees is beyond obscene. Calif. has a deficit of 14 billion and Gov. Brown wants to raise taxes to cover it. Guess where over 50% of the newly generated revenue will go. Yep, to cover pensions for retired public employees.
The employees (unions) aren’t pure and righteous in this. Those pensions were promised as a result of exactly the type of cronyism and corruption that comes when politicians realize that they can buy the votes of the government union class by allocating ever higher wages and pensions at the expense of the public purse, and that they will have been long gone by the time the piper demands his due. THIS is why govt unions are inherently corrupt and should be abolished.
it will not stand...one way or another, it will not stand...it can't....