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SEIU: The Terrible Public Pension Threat
SEIU.org ^ | August 12, 2010 | By Natasha Chart

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 ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: failure; seiu; socialism; unions


1 posted on 08/13/2010 6:25:07 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

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.


2 posted on 08/13/2010 6:30:48 AM PDT by NEMDF
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To: Oldeconomybuyer

Family?


3 posted on 08/13/2010 6:30:59 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: Oldeconomybuyer
They miss one thing..the public and the government is not their union...their union took their dues and blowed them..they should be having a fit at the union. I AINT their MOMMA
4 posted on 08/13/2010 6:31:32 AM PDT by dalebert
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To: Oldeconomybuyer

If you ever doubted they are Marxists, this should resolve that doubt.

Nothing more than “The rich steal from the poor” Marxist rant.


5 posted on 08/13/2010 6:37:07 AM PDT by old curmudgeon
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To: Oldeconomybuyer
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.

Pure stupidity!

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).

6 posted on 08/13/2010 6:39:18 AM PDT by SonOfDarkSkies
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To: Oldeconomybuyer

The implosion of SEIU, among other like unions, will be a glorious day indeed.


7 posted on 08/13/2010 6:45:41 AM PDT by cranked
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To: SonOfDarkSkies

No one ever accused the Left of understanding economics.


8 posted on 08/13/2010 6:47:08 AM PDT by Eric in the Ozarks (Impeachment !)
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To: Eric in the Ozarks
I'll say!

I wonder how they balance their checkbooks. They probably think those little adding and subtracting errors are caused by gnomes at the bank.

9 posted on 08/13/2010 6:50:53 AM PDT by SonOfDarkSkies
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To: Oldeconomybuyer

Now we are expected to take advice from that theiving
SEIU crowd who is intent on bankrupting the country.


10 posted on 08/13/2010 7:05:01 AM PDT by hgro (Jerry Riversdun)
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To: Oldeconomybuyer
and America takes another one in the........

11 posted on 08/13/2010 7:20:52 AM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: Oldeconomybuyer

Time to cancel all their contracts and start over. If they stike will anybody know?

Pray for America


12 posted on 08/13/2010 7:28:44 AM PDT by bray (Are you doing enough for Nov?)
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To: bray
I agree.

And them striking might be a good thing, then just fire them and let people who WANT to work back fill the jobs.

13 posted on 08/13/2010 7:41:33 AM PDT by Michael Barnes (Call me when the bullets start flying.)
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To: Oldeconomybuyer

These salaries AND PENSIONS are OUT OF CONTROL and MUST be STOPPED!!


14 posted on 08/13/2010 7:48:08 AM PDT by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
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To: cranked
The implosion of SEIU, among other like unions, will be a glorious day indeed.

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.

15 posted on 08/13/2010 8:03:05 AM PDT by taildragger ((Palin / Mulally 2012 ))
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To: Oldeconomybuyer

when he says “let’s rumble” he means it....literally!
Their end game involves a purple-shirted street mob.


16 posted on 08/13/2010 8:25:43 AM PDT by Buckeye McFrog
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To: CutePuppy; Condor51; stephenjohnbanker; Grampa Dave; TommyDale; sickoflibs; marstegreg; ...
President Obama's aide failed to disclose $40K payout from SEIU
Politico | 6-28-10 | Jake Sherman
FR Posted on Monday, June 28, 2010 by STARWISE

President Barack Obama’s 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.

Gaspard’s omission is a potentially embarrassing episode for the Obama administration, which has made a high priority of ethics. “They’ve made ethics a fetish and they have all kinds of people over there with experience, so I don’t 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 Obama’s 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


PATRICK GASPARD

17 posted on 08/13/2010 9:24:37 AM PDT by Liz
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To: Liz

LOL....Issa is a pit bull.


18 posted on 08/13/2010 9:28:57 AM PDT by stephenjohnbanker (.Go troops! " Vote out RINOS. They screw you EVERY time" Jim Robinson)
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To: stephenjohnbanker
Poor Issa----the list is getting longer and longer.

Will get even longer until we eject this dingbat and his pals from the WH.

19 posted on 08/13/2010 9:33:34 AM PDT by Liz
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To: Liz

Issa’s current list of Democrat crime must be close to the size of a Russian novel.


20 posted on 08/13/2010 9:43:12 AM PDT by stephenjohnbanker (.Go troops! " Vote out RINOS. They screw you EVERY time" Jim Robinson)
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To: Liz

Aw, Liz. It was just an OVERSIGHT! Honest! How can we possibly think these people are corrupt??


21 posted on 08/13/2010 9:50:23 AM PDT by TommyDale (Independent - I already left the GOP because they were too liberal)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...

Thanks Liz.


22 posted on 08/14/2010 4:48:00 AM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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