Do you all think can do this? Like I’ve always stated here, GO FOR IT!!!!! Start filling out those lengthy applications and get ready to bend over … no, d-e-e-e-per . . . and stay there – don’t move! Because, even though this is America, yo a$$ will NOT belong to YOU anymore ;=][/quote]
BG, to counter your equally long post (which I actually read from beginning to end, unlike maybe people who probably wont)… I’ll respond with a equally long post…
Regardless of whether someone can or can’t do a public sector job this is irrelevant to the discussion of whether this arrangement is right or wrong to begin with..(I’m pretty sure I can, do the job but that’s irrelevant). Bringing this sort of “well if it’s so great, you do it…” sort of argument seems to be that you’ really in agreement that this pension arrangement with the taxpayer isn’t correct, but there are no other valid counterpoints to justify that its existence…
Take yourself out of the equation. And simply answer the question… Is it right or wrong that taxpayers should have to pay the difference of pensions that don’t meet unrealistic returns, when the rest of the world financial instruments don’t work that way?
That question is independent of whether someone can/can’t qualify to do this job…That question is independent of whether Wall Street fairly or unfairly got bailed out by taxpayers too…”, or whoever else got an unfair benefit…Two wrongs don’t make a right. So let’s just consider the issue at hand….. Do you really think taxpayers making up for a pension performance shortfall is right and just thing to do to the taxpayers?
Because arguing that well if Wall Street gets a unfair bailout, so should public pensions holders”…is basically admitting it’s a selfish free-for-all in which anyone should just grab anything they can.. Screw everyone else, including my/your kids…… Which is fine if that’s really what folks are saying…But then just call it as it is…But then I really don’t want to hear any bitching about how some folks got a loan forgiveness, wall street got bailed out, outsourcing and losing jobs, Romney and rich people unfairly getting a tax break with offsource accounts, companies unfairly getting tax treatments by keeping money oversees……unfair this, unfair that. etc etc etc…
Because in my book, it’s all the same…Self-absorbed, self-entitlement self-interest groups with the only purpose is to ensure they gain/get to keep what they have…even if it means at the expense of everyone else……It’s exactly this viewpoint which is why I think IMHO this country is going to be feeling pain for decades to come..And exactly why any Generation X-er or beyond should take notice when any baby-boomer or older tries to lecture you about being fiscally responsible, paying your bills on time before you pay yourself, think about the “greater good”,etc,etc,etc, bullshit… Because they want you think about everyone else….. so they don’t have to….
If you are going to make the argument “we’ll if it’s such a sweet deal than you apply for the job and do it”… Then I can make the statement that “well if you think it’s fair that the rest of us should be paying for your pensions trading losses, than you should pay for my trading losses I incur myself”. Are you going to? I’ll quote my proposal again here
[quote=fat_lazy_union]Ok BG and CAR, I got a deal for you… I’ll fully support the public sector pension returns guarantee with my tax dollars fully IF, you’re will to accept the following….
I was told if I stock daytrade, I would be able to earn 20% returns….
Let me day stock trade every day..
On the days that I earned $1000+, I’ll keep them because they are my returns.
On the days that I lose -$1000+, you pay for my losses, because that’s not my fault…That’s because the markets didn’t cooperate with me, and I was promised that if I just buy and sell stock, I would always make money… Because I didn’t, you the taxpayer should pay for my losses…
Oh, and one additional thing I’ll be doing…
Instead of investing say $100k of my own cash that I have, I plan on taking out a margin loan of $500k…I can now invest $500k each day taken out on a margin loan…knowing that it’s really not my money, and that even if I lose the money that doesn’t belong to me, no matter how big the loss is, you’ll be happy to make up the difference.
Sounds pretty fair to me, because it’s a win-win for me….[/quote]
I’m telling you folks, if people continue to think this same way…. we’re doomed…Greece here we come.
