The cold, hard truth is that America is bankrupt, broke, and insolvent. Just like Greece, Spain, Italy, Portugal, Ireland, Belgium, France…and soon add UK to the list. Europe is facing an economic Armageddon that will go down in history as “the Big One.” Why? Because they have too many government employees, let them retire too early, give them bloated pensions for more years than the employee actually worked, and of course they all get free healthcare for life. Unions killed the EU. It’s all over for them. The question is can America still be saved?
In Las Vegas as firefighters reach retirement they are making just under $200,000 per year. In Orange County, California lifeguards are making over $200,000. Bart employees in San Francisco average over $100,000. Education administrators throughout the state of California are retiring on over $200,000 per year. In NY the Port Authority cops average $100,000. Toll takers are retiring on six figure pensions. In Illinois, there are dozens of retired government employees and union bosses sucking $400,000 per year from taxpayers. In Wisconsin the bus drivers are making $100,000. It’s happening all over the country: “Government Gone Wild.”
Stop worrying about a few CEO’s, Wall Street titans, and bankers who receive $100 million compensation packages. First, those high fliers are few and far between. Second, you’re being purposely distracted by the union bosses and their friends in the liberal media. Those CEO's are in the private sector. What they make doesn’t cost you one cent. Taxpayers don’t pay for private sector salaries. Their compensation is a problem only for shareholders, not you. But the bill for 21 million government employees, many making $100,000 (or far more) in retirement, adds up to far more than a few $100 million CEO's. And the bill goes directly to you- the taxpayer and onto the backs of our children and grandchildren.
The unfunded liability for federal employees is now over $5 trillion. Unfunded Postal Service pensions are $2 trillion. It’s almost as bad at the State and local level with unfunded liability of $2 to $3 trillion. One state- California- has an unfunded liability of at least half a trillion dollars (and growing). It’s all madness. It’s unthinkable. It is so big it will drown us all. In case you don’t know what I’m talking about, an unfunded liability is something politicians promised to retiring government employees, but with no money set aside to pay it.
A typical government employee receiving $100,000 per year, retiring at age 50 has, for all intents and purposes, been promised around $4 million dollars if he lives to 90. That’s before cost of living increases and, of course, free healthcare. Add it up. One employee is getting somewhere around $6 million as a golden parachute. One educator. One fireman. One toll taker. One lifeguard. How many of you taxpayers have a $6 Million retirement fund?
Are you angry yet? When clowns like the Vegas teacher, who wrote that letter to the editor, start telling us that money grows on trees and pigs fly, you’d better get mad…very mad...and let them know your hard earned taxpayer dollars did not grow on trees...and that it doesn't ever end well for pigs.
Now you know why Scott Walker will win big in Wisconsin on Tuesday.