Relevant:
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- NY State Shell Game - Municipalities Borrow from Pension Fund to make Required Pension Fund Contributions
- Proposal would have state take over city pension plan
- Rhode Island Struggles With Enormous Pension Problem: 'The Titanic Is Going Down'
2009-10-26 — blogspot.com
""It’s impossible for this legislature to reform the pension system, and if we don’t, we bankrupt the state. And I don’t think anybody can do it here, because of who elected you. You’re just captive of the current environment and I don’t see any way out.""
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Comments:
catherine at 19:46 2009-10-26 said:
THIS IS THE NEXT DEVASTATING SHOE TO DROP AND SINCE THE PBS SPECIAL SAID 700 TRILLION OF MADE UP "AIR" ARE IN THESE FUNDS............THERE WILL BE NO WAY TO PAY THESE RETIREES THE MONIES THEY WERE PROMISED AND THE WORST PART IS THE YOUNG KIDS WON'T CARE................ OLD AGAINST YOUNG...............IT WAS NO COINCIDENCE THAT MOST OF THOSE 1.7 MILLION PEOPLE MARCHING ON 9.12 WERE ELDERLY..............FIRST THEIR COLAS GONE, THEN THEIR HEALTHCARE AND NOW THEIR PENSIONS.............AND THESE WERE THE FINE PEOPLE THAT POURED ALL THEIR HARD EARNED TAX MONEY INTO THIS NATION THEIR WHOLE LIVES AND YOU KNOW, SINCE THIS ADMINISTRATION CALLED THESE PEOPLE "NAZIS" WHEN THEY MARCHED AND THEN TOLD THEM TO "QUIT SPEAKING".....................HOW MUCH DO YOU THINK THEY WILL CARE WHEN THE ELDERLY PENSIONS ARE GONE?.................WELL WHEN NOBAMA TALKED ABOUT GM'S LEGACY COSTS (RETIREES) HE SAID TO GET RID OF THEM AND START WITH A CLEAN SLATE.............. THIS HASN'T STARTED YET............... Permalinkadd a comment | go to forum thread
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