Like I said before we should be “occupying” city halls and state capitols as well for reduction in pensions to government retirees. We are bankrupting our cities and states just to make a few retirees rich in retirement. I know a guy who retired early from the Fed Government getting $8,000 a month for life off the sweat of the taxpayer. So we should cut our schools, city services, libraries, etc.. down to nothing just so we can pay a few retirees their fat pensions?
Do you know how much cash say a small business owner or private sector worker would have to save to throw off $8k a month for life? Let’s just say they were in a really conservative investment with little risk to the principle that got say 4% return…they would need close to $2.5+million capital in the bank to throw off the eight grand a month! And the tax payer is paying out these $8k/month for life pensions by the thousands for Gov worker retirees!
Why can’t they just save for their own retirements like the private sector has to? Who votes and approves this stuff???
