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Public Pensions Fail Simple Math

Bob115 Wrote: Jul 26, 2012 1:42 PM

How did we fall into such a hole?? Really??? Well first, citizens voted for crooks simply because they were "on their side" meaning the politicians guaranteed they could still abort their babies, smoke pot, and get money they didn't work for. Next we turned a blind eye when the crooks began doing what all crooks do, take what doesn't belong to them and use it to get more, by making deals with other crooks who were NOT elected but had power because the first crooks gave it to them. Finally, when it was blatantly obvious to any thinking person how desperate things had become, there were so many people who still were willing to sell out the entire world if necessary to keep smoking pot, having free sex and aborting babies, and getting free

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Bob115 Wrote: Jul 26, 2012 1:43 PM

money, that it became impossible to overcome the traitorous masses and begin to try to fix it. There is a tipping point, and we pushed the whole kit and kiboodle over the cliff long ago. We are now just waiting for it to hit rock bottom, and then lie around in the wreckage until we die (figuratively speaking of course, or maybe not).

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Jerome49 Wrote: Jul 26, 2012 4:41 PM

Half the wage earners in the U.S. don't pay federal income taxes and the other half do; half the country seems to like Obama and his ideas, while the other half doesn't; and the country seems to be divided philosophically over socialism vs capitalism and everything else. I say it's time to divide the country in two parts, using the Mississippi River as the dividing line. Let the socialists and liberals who think everyone should be sucking off the government tit take one half and let those who believe in conservatism, capitalism and self determination take the other half. Once you make your choice there would be no coming back. This way each side gets what they want. Currently, no one is happy.

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genya2 Wrote: Jul 26, 2012 10:38 PM

Jerome49.I am with you ,just tell me when.

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Public Pensions Fail Simple Math

There is a dirty secret about state entitlements that liberals don’t want you to know. The collection of a state pension increases the chances that a pensioner will live in poverty. That’s because money put aside for state-guaranteed benefits can not be safely invested at rates that provide for more than a modest retirement unless the state subsidizes retirement benefits through taxes or if retirement savings are invested in riskier, higher yielding investments. Since governments are loath to raise taxes to subsidize a riskless retirement, benefits are eventually reduced. It works that way in London and Moscow as well as Madison...

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