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Public Pensions are Underfunded
NBER ^ | November 2008 | Matt Nesvisky

Posted on 12/21/2008 4:30:56 AM PST by reaganaut1

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To: G.Mason
Kidnapping politicians seems to be looking like the way to go ... at the moment. ;)

I am thinking "The Ransom of Red Chief" in that case.

41 posted on 12/21/2008 8:11:58 AM PST by Harmless Teddy Bear (Faith Manages. I consider myself a bit of a purist, and proud of it.)
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To: reaganaut1

Ive enjoyed a good career as a welding instructor in the public vocational school system.I taught many young people how to go out and earn a living . And hopefully passed on some life skill and values.
Been there 25 years.I need thirty. I did not start teaching immediately after college. I did not go to college. I went into the navy then learned welding and later finished my education while raising a family and working full time welding jobs usually combined with side work. Looking forward to retiring someday, and getting my pension. That was the agreenet that i signed onto in good faith.
I`ve always kept doing the side work as a welder however. Summer Vacations (unpaid) that teachers get allowed me to spend time welding, some would say working. But there must be something wrong with this public employee `cause i love working with metal.
When I was a kid my grandpa, drilled it in to me that what i needed to do was learn a trade, any trade. Then I would always have a roof over my head and food on the table.
So yes I would hate to loose my pension or have it cut in any way , i will not be surprised if that happens. I will fight to keep the pension that i paid for out of the wages Ive earned. But in the meantime I`ll just suck it up and keep on welding and do what i can to pass it on. ALTHOUGH i`M SURE GOING TO HAVE TO RAISE MY RATES. Especially if i recognize a customer as a liberal elitist.
Not all of us “public screwel teachers” arn`t worth it. There are many trade instructors that have followed the same path that i have and do not deserve to be screwed, by the politicians or the public. I`ve helped raise your children, in many cases more than you realize.
Just want to contribute to informing as many people as possible that many of us public employees are worth it.


42 posted on 12/21/2008 8:15:24 AM PST by weldAllday (John the Welder)
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To: Renegade; G.Mason

Rob a bank and wait for the cops.

Three hots & a cot, free medical care, TV, exercise room, free medical care...


43 posted on 12/21/2008 8:22:08 AM PST by patton (T)
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To: shaft29

Your comment is not believable without pics!!! LOL (just kidding)

Your approach is novel and obviously lucrative; however, gravity will someday have an affect on your job rates. So be sure to sock some of that cash away.

In the meantime, would you come clean my igloo in Point Barrow? hehe


44 posted on 12/21/2008 8:50:22 AM PST by biff
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To: patton
Hmmm, this is sounding appealing. Is there a crime I can commit that will get me a minimum security prison? I don't want to become somebody’s girlfriend in a maximum security prison but I still want the free healthcare, TV, exercise room etc.

Any ideas?

45 posted on 12/21/2008 8:52:20 AM PST by mek1959
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To: mek1959

Run a wall street ponzi scheme?


46 posted on 12/21/2008 8:57:09 AM PST by patton (T)
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To: patton
Great idea. Ok, I've got a deal for you Patton. If you invest $100,000 with me and my “fund” (NASDAQ:MYB), I'll guarantee you 25% return in 2012. Don't ask what MYB stands for but if you need a hint:

__ake __ou __roke. Catchy, huh.

Now, can you report me to the SEC today? I want to get this going as with the Chosen One in office, with one strike of the pen, I'll lose my business. So, the sooner I can lock up my cot, hots and healthcare the better. BTW, are there minimum security prisons for my wife and 4 kids with the same benefits?

47 posted on 12/21/2008 9:04:21 AM PST by mek1959
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To: mek1959

LOL - the kids may be a problem...


48 posted on 12/21/2008 9:09:48 AM PST by patton (T)
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To: mek1959

I wonder if one can collect SS while in prison?


49 posted on 12/21/2008 9:14:18 AM PST by patton (T)
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To: reaganaut1

I thought those lavish “public pensions” were funded using the same kind of Ponzi scheme as social security - - taxes takn from today’s government “workers” pay the pensions of....

Oh. Nevermind.

Just bend over and grab your ankles again.


50 posted on 12/21/2008 9:22:14 AM PST by Lancey Howard
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To: Las Vegas Ron
Indeed, and the "unerfunded" social security ponzi scheme is right behind it

Funny you say that. Just yesterday, I was explaining to my 17 year old son how SS works. After I explained to him the money he is earning that goes to the SS IOU box he will not see until at LEAST 55 years from now.

He thought I was playing a joke on him.

The joke is on all of us

51 posted on 12/21/2008 9:37:00 AM PST by Popman (Dont worry Barney Frank has your ass-ets covered!!!)
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To: patton

Nope!


52 posted on 12/21/2008 9:43:36 AM PST by ktw (kakatte koi)
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To: Popman
The joke is on all of us

Yes it is....I'm 47 and I know I'll probably never see a nickle of it. The whole economy of this country will collapse long before then anyway.

Buy ammo

53 posted on 12/21/2008 9:43:44 AM PST by Las Vegas Ron (The tree of liberty is getting mighty dry)
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To: reaganaut1; informavoracious; larose; RJR_fan; Prospero; Conservative Vermont Vet; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of interest.

Obama Says A Baby Is A Punishment

Obama: “If they make a mistake, I don’t want them punished with a baby.”

54 posted on 12/21/2008 9:45:22 AM PST by narses (http://www.theobamadisaster.com/)
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To: Las Vegas Ron
Buy ammo

Every weekend I buy a box of .40 cal S&W and box of 12 gauge

55 posted on 12/21/2008 9:52:33 AM PST by Popman (Dont worry Barney Frank has your ass-ets covered!!!)
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To: Popman
GMTA same here except 9mm.

Walmart has great deals if you have one near you. So is Cabella's for 12ga. For a while they were even including free shipping.

56 posted on 12/21/2008 10:00:13 AM PST by Las Vegas Ron (The tree of liberty is getting mighty dry)
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To: biff

Gravity won’t be a problem. Failed to mention I clean standing on my head.


57 posted on 12/21/2008 10:15:06 AM PST by shaft29 (Just your typical black woman.)
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