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March 11, 2011 at 11:11 PM #677387March 14, 2011 at 3:30 PM #676830briansd1Guest
CA renter, I really don’t follow your logic.
Nearly all portfolios were affected by the financial crisis.
As you say, governments spent based on bubble projection, now is the time to spend based on recession projections.
Allan is right. Governments promised too much and can’t pay the benefits.
What do you propose other than raising taxes?
Cut employee pay and benefits and/or cut services. Those are really the only solutions.
March 14, 2011 at 3:30 PM #676887briansd1GuestCA renter, I really don’t follow your logic.
Nearly all portfolios were affected by the financial crisis.
As you say, governments spent based on bubble projection, now is the time to spend based on recession projections.
Allan is right. Governments promised too much and can’t pay the benefits.
What do you propose other than raising taxes?
Cut employee pay and benefits and/or cut services. Those are really the only solutions.
March 14, 2011 at 3:30 PM #677498briansd1GuestCA renter, I really don’t follow your logic.
Nearly all portfolios were affected by the financial crisis.
As you say, governments spent based on bubble projection, now is the time to spend based on recession projections.
Allan is right. Governments promised too much and can’t pay the benefits.
What do you propose other than raising taxes?
Cut employee pay and benefits and/or cut services. Those are really the only solutions.
March 14, 2011 at 3:30 PM #677635briansd1GuestCA renter, I really don’t follow your logic.
Nearly all portfolios were affected by the financial crisis.
As you say, governments spent based on bubble projection, now is the time to spend based on recession projections.
Allan is right. Governments promised too much and can’t pay the benefits.
What do you propose other than raising taxes?
Cut employee pay and benefits and/or cut services. Those are really the only solutions.
March 14, 2011 at 3:30 PM #677979briansd1GuestCA renter, I really don’t follow your logic.
Nearly all portfolios were affected by the financial crisis.
As you say, governments spent based on bubble projection, now is the time to spend based on recession projections.
Allan is right. Governments promised too much and can’t pay the benefits.
What do you propose other than raising taxes?
Cut employee pay and benefits and/or cut services. Those are really the only solutions.
March 14, 2011 at 5:02 PM #676861bearishgurlParticipant[quote=briansd1]CA renter, I really don’t follow your logic. . . [/quote]
brian, part of this “topic” is that when pensions were “enhanced” at the City and County level here in SD, the employee contributions not only became mandatory but employees who were already contributing to the “system,” in addition to employees just beginning to contribute had 2-3x as much taken from their paychecks as “retirement contibutions” than under the old plan. The “Class C” employees (all forms of public safety workers) begin contributing at younger ages as their earliest eligible regular retirement age is set at 50 (instead of 55) and so the removal of 2-3x their previous contributions out of their paychecks hit them harder and younger.
Much of the money invested in a local public sector employee’s pension (percentage depends on age and retirement “tier”) is actually the employee’s own money with which they have no say on how it is invested.
That’s what a lot of the public doesn’t seem to understand. Beginning at age 45, these non-safety public employees under a newer “enhanced” retirement system also don’t have a choice as to how much is deducted and/or how much this contribution is raised every year (on their birthdays).
Employees who retired under an older, much less generous system and “tier,” such as myself, didn’t have to make these types of ever-growing contributions out of their paychecks.
March 14, 2011 at 5:02 PM #676916bearishgurlParticipant[quote=briansd1]CA renter, I really don’t follow your logic. . . [/quote]
brian, part of this “topic” is that when pensions were “enhanced” at the City and County level here in SD, the employee contributions not only became mandatory but employees who were already contributing to the “system,” in addition to employees just beginning to contribute had 2-3x as much taken from their paychecks as “retirement contibutions” than under the old plan. The “Class C” employees (all forms of public safety workers) begin contributing at younger ages as their earliest eligible regular retirement age is set at 50 (instead of 55) and so the removal of 2-3x their previous contributions out of their paychecks hit them harder and younger.
Much of the money invested in a local public sector employee’s pension (percentage depends on age and retirement “tier”) is actually the employee’s own money with which they have no say on how it is invested.
That’s what a lot of the public doesn’t seem to understand. Beginning at age 45, these non-safety public employees under a newer “enhanced” retirement system also don’t have a choice as to how much is deducted and/or how much this contribution is raised every year (on their birthdays).
Employees who retired under an older, much less generous system and “tier,” such as myself, didn’t have to make these types of ever-growing contributions out of their paychecks.
March 14, 2011 at 5:02 PM #677528bearishgurlParticipant[quote=briansd1]CA renter, I really don’t follow your logic. . . [/quote]
brian, part of this “topic” is that when pensions were “enhanced” at the City and County level here in SD, the employee contributions not only became mandatory but employees who were already contributing to the “system,” in addition to employees just beginning to contribute had 2-3x as much taken from their paychecks as “retirement contibutions” than under the old plan. The “Class C” employees (all forms of public safety workers) begin contributing at younger ages as their earliest eligible regular retirement age is set at 50 (instead of 55) and so the removal of 2-3x their previous contributions out of their paychecks hit them harder and younger.
Much of the money invested in a local public sector employee’s pension (percentage depends on age and retirement “tier”) is actually the employee’s own money with which they have no say on how it is invested.
That’s what a lot of the public doesn’t seem to understand. Beginning at age 45, these non-safety public employees under a newer “enhanced” retirement system also don’t have a choice as to how much is deducted and/or how much this contribution is raised every year (on their birthdays).
Employees who retired under an older, much less generous system and “tier,” such as myself, didn’t have to make these types of ever-growing contributions out of their paychecks.
March 14, 2011 at 5:02 PM #677665bearishgurlParticipant[quote=briansd1]CA renter, I really don’t follow your logic. . . [/quote]
brian, part of this “topic” is that when pensions were “enhanced” at the City and County level here in SD, the employee contributions not only became mandatory but employees who were already contributing to the “system,” in addition to employees just beginning to contribute had 2-3x as much taken from their paychecks as “retirement contibutions” than under the old plan. The “Class C” employees (all forms of public safety workers) begin contributing at younger ages as their earliest eligible regular retirement age is set at 50 (instead of 55) and so the removal of 2-3x their previous contributions out of their paychecks hit them harder and younger.
Much of the money invested in a local public sector employee’s pension (percentage depends on age and retirement “tier”) is actually the employee’s own money with which they have no say on how it is invested.
That’s what a lot of the public doesn’t seem to understand. Beginning at age 45, these non-safety public employees under a newer “enhanced” retirement system also don’t have a choice as to how much is deducted and/or how much this contribution is raised every year (on their birthdays).
Employees who retired under an older, much less generous system and “tier,” such as myself, didn’t have to make these types of ever-growing contributions out of their paychecks.
March 14, 2011 at 5:02 PM #678009bearishgurlParticipant[quote=briansd1]CA renter, I really don’t follow your logic. . . [/quote]
brian, part of this “topic” is that when pensions were “enhanced” at the City and County level here in SD, the employee contributions not only became mandatory but employees who were already contributing to the “system,” in addition to employees just beginning to contribute had 2-3x as much taken from their paychecks as “retirement contibutions” than under the old plan. The “Class C” employees (all forms of public safety workers) begin contributing at younger ages as their earliest eligible regular retirement age is set at 50 (instead of 55) and so the removal of 2-3x their previous contributions out of their paychecks hit them harder and younger.
Much of the money invested in a local public sector employee’s pension (percentage depends on age and retirement “tier”) is actually the employee’s own money with which they have no say on how it is invested.
That’s what a lot of the public doesn’t seem to understand. Beginning at age 45, these non-safety public employees under a newer “enhanced” retirement system also don’t have a choice as to how much is deducted and/or how much this contribution is raised every year (on their birthdays).
Employees who retired under an older, much less generous system and “tier,” such as myself, didn’t have to make these types of ever-growing contributions out of their paychecks.
March 14, 2011 at 5:57 PM #676866Allan from FallbrookParticipant[quote=jpinpb]CAR – Thank you for sharing your extensive knowledge on this matter and clarifying it for us. I wish MSM would scratch the surface of the truth in this matter.[/quote]
CAR: Yes, thank you. That was an excellent summary, and thanks for the link as well.
The problem with grappling with issues like this on a blog like this, is that one is inherently limited in responding. To properly lay out the problem in its totality would require far more space and time than we have.
JP is right about the MSM’s unwillingness to delve into this, but, truthfully, you can’t really blame them, either. They fully don’t understand what they’re reporting on, plus they’re limited by time and format.
It is times like these that I really miss in-depth investigative reporting. The LA Times recently released an excellent series of reports on the massive problems that LACCD is experiencing with implementation of their “green” energy building program, along with reportage on wasteful spending, nepotism and just general stupidity within the LA Community College District. It was excellent reporting and very balanced and reminded me of the “old” LA Times that used to rack up Pulitzers by delivering just this kind of news.
We are now so riven by partisanship and taking “sides” that we have to choose between FOX and CNN/MSNBC. In that case, I really don’t have an issue with NPR, in that I believe they do really try to present a thoughtful and incisive approach to the news. Do I believe they should be defunded? I don’t know, but I also don’t like the alternatives, i.e. Beck/Hannity versus Olbermann/Maddow.
March 14, 2011 at 5:57 PM #676921Allan from FallbrookParticipant[quote=jpinpb]CAR – Thank you for sharing your extensive knowledge on this matter and clarifying it for us. I wish MSM would scratch the surface of the truth in this matter.[/quote]
CAR: Yes, thank you. That was an excellent summary, and thanks for the link as well.
The problem with grappling with issues like this on a blog like this, is that one is inherently limited in responding. To properly lay out the problem in its totality would require far more space and time than we have.
JP is right about the MSM’s unwillingness to delve into this, but, truthfully, you can’t really blame them, either. They fully don’t understand what they’re reporting on, plus they’re limited by time and format.
It is times like these that I really miss in-depth investigative reporting. The LA Times recently released an excellent series of reports on the massive problems that LACCD is experiencing with implementation of their “green” energy building program, along with reportage on wasteful spending, nepotism and just general stupidity within the LA Community College District. It was excellent reporting and very balanced and reminded me of the “old” LA Times that used to rack up Pulitzers by delivering just this kind of news.
We are now so riven by partisanship and taking “sides” that we have to choose between FOX and CNN/MSNBC. In that case, I really don’t have an issue with NPR, in that I believe they do really try to present a thoughtful and incisive approach to the news. Do I believe they should be defunded? I don’t know, but I also don’t like the alternatives, i.e. Beck/Hannity versus Olbermann/Maddow.
March 14, 2011 at 5:57 PM #677533Allan from FallbrookParticipant[quote=jpinpb]CAR – Thank you for sharing your extensive knowledge on this matter and clarifying it for us. I wish MSM would scratch the surface of the truth in this matter.[/quote]
CAR: Yes, thank you. That was an excellent summary, and thanks for the link as well.
The problem with grappling with issues like this on a blog like this, is that one is inherently limited in responding. To properly lay out the problem in its totality would require far more space and time than we have.
JP is right about the MSM’s unwillingness to delve into this, but, truthfully, you can’t really blame them, either. They fully don’t understand what they’re reporting on, plus they’re limited by time and format.
It is times like these that I really miss in-depth investigative reporting. The LA Times recently released an excellent series of reports on the massive problems that LACCD is experiencing with implementation of their “green” energy building program, along with reportage on wasteful spending, nepotism and just general stupidity within the LA Community College District. It was excellent reporting and very balanced and reminded me of the “old” LA Times that used to rack up Pulitzers by delivering just this kind of news.
We are now so riven by partisanship and taking “sides” that we have to choose between FOX and CNN/MSNBC. In that case, I really don’t have an issue with NPR, in that I believe they do really try to present a thoughtful and incisive approach to the news. Do I believe they should be defunded? I don’t know, but I also don’t like the alternatives, i.e. Beck/Hannity versus Olbermann/Maddow.
March 14, 2011 at 5:57 PM #677670Allan from FallbrookParticipant[quote=jpinpb]CAR – Thank you for sharing your extensive knowledge on this matter and clarifying it for us. I wish MSM would scratch the surface of the truth in this matter.[/quote]
CAR: Yes, thank you. That was an excellent summary, and thanks for the link as well.
The problem with grappling with issues like this on a blog like this, is that one is inherently limited in responding. To properly lay out the problem in its totality would require far more space and time than we have.
JP is right about the MSM’s unwillingness to delve into this, but, truthfully, you can’t really blame them, either. They fully don’t understand what they’re reporting on, plus they’re limited by time and format.
It is times like these that I really miss in-depth investigative reporting. The LA Times recently released an excellent series of reports on the massive problems that LACCD is experiencing with implementation of their “green” energy building program, along with reportage on wasteful spending, nepotism and just general stupidity within the LA Community College District. It was excellent reporting and very balanced and reminded me of the “old” LA Times that used to rack up Pulitzers by delivering just this kind of news.
We are now so riven by partisanship and taking “sides” that we have to choose between FOX and CNN/MSNBC. In that case, I really don’t have an issue with NPR, in that I believe they do really try to present a thoughtful and incisive approach to the news. Do I believe they should be defunded? I don’t know, but I also don’t like the alternatives, i.e. Beck/Hannity versus Olbermann/Maddow.
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