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Feds to bail out state pension funds?

Discussion in 'The Okie Corral' started by Mr981, Sep 30, 2012.

  1. DanaT

    DanaT Pharaoh

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    Yet you have left out the part that the market is not returning 7% and there have been years of loses.
     
  2. DanaT

    DanaT Pharaoh

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    What do you have against unicorns and castles?

    You must be a hateful person to dislike unicorns.
     

  3. DanaT

    DanaT Pharaoh

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    IF someone worked for a private company, and said company promised them a job when they were hired, and then the company doesnt have enough money, should the tax payers have to pick up the tab and pay their salary since they were promised something?
     
  4. DanaT

    DanaT Pharaoh

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    If a person borrows a money to buy a house, mercedes, and a bunch of credit cards, all with legally binding contracts where they PROMISED to pay the money they got back, and then later they cant pay it back, do you support not allowing these people to file bankruptcy and be forced to pay what they promised to pay?
     
  5. JohnBT

    JohnBT NRA Benefactor

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    "Maybe it is because you are from the South that you think the way you do."

    Generalize much? Maybe you need to get out more. You know, take a few fact-finding trips.
     
  6. certifiedfunds

    certifiedfunds Tewwowist

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    His frame of reference is very small. Every post of his on the subject matter comes back to local California police departments.
     
  7. certifiedfunds

    certifiedfunds Tewwowist

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    A private business makes compensation decisions based on a profit motive. How much value does the person bring to the organization? How will this person help us make more money?

    The government has no such consideration. It operates in a zero sum environment. It doesn't grow the pie. Every dollar it spends paying an employed must be taken from someone else by force.

    Therefore 2 things:

    We want our best talent out growing the pie, not eating it.

    Government must make do with what it gets. Make talent fit that.


    Generally speaking people who want to achieve, people driven to do more and do it better, don't even consider bottom dollar government jobs. Nor should they. That's how it should be.

    Government jobs are there for folks with low ambition, marginal skill sets, few options.
     
  8. Atlas

    Atlas transmogrifier

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    But should they be promised castles, unicorns, and hugs for life?
     
  9. certifiedfunds

    certifiedfunds Tewwowist

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    No. They should have conditions and compensation that provides motivation to get out of government employment and into the productive sector as quickly as possible.

    The very notion of government pensions for 90% of .gov workers is the antithesis of what we should be doing. We don't need to hire them and hand them a comfy recliner to ride out their 20 years.
     
  10. Naelbis

    Naelbis

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    Wow....I don't think I can even give your post the response it deserves without breaking the TOS....

    Outdoor Hub mobile, the outdoor information engine
     
  11. certifiedfunds

    certifiedfunds Tewwowist

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    A productive sector worker probably could. Like I said: skill sets
     
  12. CAcop

    CAcop

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    You need to learn a few things about CF and his echo chamber. He does this to make himself feel better about himself. If he does this in real life people punch him in the nose or worse ignore him.

    BTW another GTer on here thinks he has a second account. After the last few threads like this I think he might be right except it is three accounts.

    Outdoor Hub mobile, the outdoor information engine
     
  13. Brucev

    Brucev

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    A contract is a contract. If the city/county/state declares bankrupcy the courts handle how it proceeds. But, there is no basis for a govt. simply changing the agreement b/c they don't want taxpayers to get their shorts in a wad over a tax increase to pay their obligation.

    Taxpayers will pay up... or they will loose their property. It will be auctioned. The proceeds will go to what debts stand. If the taxpayer doesn't like it, then they need to elect representatives who will not try to keep taxes low by stealing pensions. The magic hand of the free market will handle it all. Right?
     
  14. DanaT

    DanaT Pharaoh

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    Where did you get the tinfoil hat?

    But since you said it, what three accounts does he use?
     
  15. certifiedfunds

    certifiedfunds Tewwowist

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    Punch me in the nose? For pointing out the truth? Are you a union thug?
     
  16. certifiedfunds

    certifiedfunds Tewwowist

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    Yeah I'm dying to hear this.
     
  17. Brucev

    Brucev

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    If a man/woman works for a govt.... or a company, regardless, and is promised a pension... and they pay in but the employer doesn't hold up their end, I support destroying that employer financially if that's what it takes to pay the pension owed. Specifically I support the wholesale confiscation, liquidation of any and all assets of any and all who are the employers. And given that they have acted in a fraudulent manner, that includes their personal property, regardless of any supposed insulation by law, even if they are incorporated, etc.

    Now... if that fries someones grits about the law, tough. When the law is used to do what is wrong, then no man has any obligation to respect much less obey that law. And that applies no matter how much the law makers and the law buyers complain.
     
  18. certifiedfunds

    certifiedfunds Tewwowist

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    Taxpayers have entered into no contract. I have not given POA to any politician.
     
  19. Brucev

    Brucev

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    No money? That is a lie. The money is in the pockets and vaults of people. Tax it. Take is and pay the bills. Cut the dod to the level that is actually needed to defend this nation... not for them to be rent-a-boy for every little useless spat throughout the world. The little boys w/ blue hats can take care of that.

    Increase the income tax, eliminate the ability of corporations and the wealthy to avoid paying tax, use a tax rate structure such as stood under Reagan's first term... when even the capital gains tax rate under Reagan was 28%... and remove the cap on Social Security earnings so that everyone pays up on everything they make regardless of the source... wages, tips, salaries, and... dividends, interest, etc.

    No money? That is just a lie... the sort of big lie that people are supposed to believe... if it is told enough. Problem for the liars is, no one believes them.
     
  20. CAcop

    CAcop

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    I am not as convinced as the other GTer.

    I am not going to give out the three acounts because if he is using three accounts he can change things up or just drop them.

    We shall see.