Posted on Jul 29, 2018
Blue states drowning in irretrievable debt thanks to 'grotesque' public sector pensions. You're...
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Blue states, blue cities, all singing the blues. Of course, we'll bail them out, right? We'll happily surrender our military pensions, our private pensions, our retirement savings, just so these public "servants" can enjoy a long and prosperous retirement
Blue states drowning in irretrievable debt thanks to 'grotesque' public sector pensions. You're...
Posted from bizpacreview.com
Pension
Finance
Posted >1 y ago
Responses: 2
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The problem as I see it, is that the public officials that put these policies in place, never face repercussions for their actions. It would be interesting if they start cutting the Mayor's and council members pensions that implemented these horrible policies. I would venture that the current leaders may think twice if they know they will be held responsible in the future...
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CPT Jack Durish
This problem didn't exist until we allowed public sector workers to unionize. They were then able to use the dues they collected to fund the campaigns of those Democrats who would "negotiate" sweeter deals in pay and benefits for public sector workers. I say "Democrats" specifically because this is a problem in states and cities where Democrats have held the reins of power for decades, all the decades since the public sector unions came into existence. Coincidence? I think not...
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Peanuts compared to the unfunded federal mandates. One Forbes article says $210T future unfunded pension and medical debts. Thank you future generations for all the benefits today.
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