[quote=CA renter][quote=ctr70]Instead they should be marching on the state capitols against the ridiculous pensions and health care benefits paid to Government worker retirees that is bankrupting the state and cities. That is where the real rape & pillage of the tax payer is happening.[/quote]
No. That fairy tale has been spread by the financial elite to take the heat off of themselves.
Wall Street caused the “pension crisis” via their boom-bust machinations, and is solely responsible for the downfall of our economy.
The OWS movment knows about this fairy tale and how it’s being used to turn working people agains working people. We are the 99%. We are working together for ALL working people against the capitalists (those who do not labor for their money, but skim the value created by the productive class) who have destroyed our contry and the world. Wall Street will not distract us like they did with the Tea Party movment. We are staying on target.[/quote]
Government kept the interest rates low for a very long time. This forced investors to put their money elsewhere, like real estate. Cities invested their money gambling, rather than putting it in the bank drawing practically zero interest. The city’s financial problems can be traced to the bubble popping and the collapse of the economy. Of course, historically, divide and conquer. Turn people against each other. Blame it on the pensioners.
This is old. I’m so glad OWS gets it. Go to the source of all of this financial crisis mess. The buck stops there.
