Skip to comments.
Public pension crisis foretold for Pennsylvania
Pittsburgh Tribune-Review ^
| August 24, 2009
| Brad Bumsted
Posted on 08/24/2009 1:34:16 PM PDT by buzzyboop
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-22 next last
1
posted on
08/24/2009 1:34:16 PM PDT
by
buzzyboop
To: buzzyboop
don’t worry there’s an app for that.
They will soon all be nationalized and folded into Social Security
2
posted on
08/24/2009 1:35:59 PM PDT
by
GeronL
(Toward the TOTUS State-Nightmare in Obamaland .. http://tyrannysentinel.blogspot.com)
To: buzzyboop
Parade Of The Incompetent
3
posted on
08/24/2009 1:45:27 PM PDT
by
Psycho_Bunny
(ALSO SPRACH ZEROTHUSTRA)
To: buzzyboop
....same thing here in North Carolina....our state treasurer has warned legislature that the coming tsunami of retirees bebefits cannot be funded.
To: GeronL
Pittsburgh has been ruled by Democrat politicians since the 1930's. Most likely, the boy mayor will automatically be reelected this year because he has a "D" after his name.
There is an Independent candidate running who actually has some good ideas like putting public employees on a payroll and pension scale comparable to the local private sector market, limiting their growth to the growth in the city's population (which is still shrinking) and replacing new retirees, where practical, with part-time workers.
He will probably do about as well as all the Republicans before him.
Despite it all, Pittsburgh always finds plenty of money to host boondoggles like the G-20 summit.
5
posted on
08/24/2009 1:46:46 PM PDT
by
Vigilanteman
(Are there any men left in Washington? Or, are there only cowards? Ahmad Shah Massoud)
To: STONEWALLS
I have a feeling this is the way it is in mostly all states.
To: Vigilanteman
Is Pittsburgh the city still broke?
To: NoObamaFightForConservatives
With pension liabilities fully 28% funded? Nah, Pittsburgh is in great financial shape! < / sarcasm >
8
posted on
08/24/2009 1:56:41 PM PDT
by
Vigilanteman
(Are there any men left in Washington? Or, are there only cowards? Ahmad Shah Massoud)
To: Vigilanteman
I thought maybe the superbowl win and the local mob got the city out of the red long enough to fund themselves but screw all others.
To: NoObamaFightForConservatives
Great sports teams (Stanley Cup as well as Super Bowl) are indicative of talented players, skilled coaches and maybe even competent management in the front office. They have no relation to how a city is doing financially, though they may give the mayor bragging rights and serve as an opiate for the hoi polli.
10
posted on
08/24/2009 2:20:20 PM PDT
by
Vigilanteman
(Are there any men left in Washington? Or, are there only cowards? Ahmad Shah Massoud)
To: STONEWALLS
I know our state has overpaid state pension benefits to keep everyone down on the farm and they are having problems.
When the babyboomers really start retiring everything will go broke.
11
posted on
08/24/2009 2:34:31 PM PDT
by
tiki
(True Christians will not deliberately slander or misrepresent others or their beliefs)
To: buzzyboop
This is what passes for ambition here in PA...
Get some slug Gubbermint job on the public payroll.
Then retire at age 50, live off the public dole for
the rest of your life (with premium, union-negotiated
benefits)
To: Owl_Eagle; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ...
13
posted on
08/24/2009 2:59:53 PM PDT
by
Tribune7
(I am Jim Thompson!)
To: buzzyboop
Here in Texas we give state government retirees bonus checks when their contributions aren’t bringing the expected return, and send the bill to the taxpayers.
14
posted on
08/24/2009 3:28:49 PM PDT
by
LearsFool
("Thou shouldst not have been old, till thou hadst been wise.")
To: Tribune7
Can anyone name me a well run Democrat City?
Anyone? Anyone?
15
posted on
08/24/2009 3:58:51 PM PDT
by
AGreatPer
(Impeach Obama)
To: buzzyboop
http://www.amazon.com/Coming-Generational-Storm-Americas-Economic/dp/0262112868
Nothing new here folks: this guy already wrote all about it.
16
posted on
08/24/2009 8:01:09 PM PDT
by
MSF BU
(++)
To: GeronL
Hopefully, with a considerable downsizing of their pension benefits. Wouldn’t it be some sht if folks who thought there were getting 80K were forced into a system where the max payout was 3k a month.
17
posted on
08/24/2009 8:04:08 PM PDT
by
MSF BU
(++)
To: MSF BU
I bet the union members will be made whole
18
posted on
08/24/2009 8:26:18 PM PDT
by
GeronL
(Toward the TOTUS State-Nightmare in Obamaland .. http://tyrannysentinel.blogspot.com)
To: GeronL
Perhaps from the state. There are a lot of assets (State Parks, Turnpikes, etc.) that could be sold off to make up the difference. I cannot see the federal government funding lavish pensions promised by cities and towns.
19
posted on
08/24/2009 8:28:25 PM PDT
by
MSF BU
(++)
To: Vigilanteman
"Despite it all, Pittsburgh always finds plenty of money to host boondoggles like the G-20 summit."
and the Stealers....don't forget the Stealers......
20
posted on
08/24/2009 9:49:10 PM PDT
by
cherry
Navigation: use the links below to view more comments.
first 1-20, 21-22 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson