[meadandale]

[quote=Eugene]Teachers are not extremely well paid here – worse than in the Northeast (NY, CT), for example.
[/quote]

Nice try at the propaganda Eug..

My niece works as a first grade teacher in the Inland Empire. She makes about $98k/year for working 9 months.

I no longer believe the underpaid teacher canard after she told me this.

[meadandale]

[quote=Eugene]Teachers are not extremely well paid here – worse than in the Northeast (NY, CT), for example.
[/quote]

Nice try at the propaganda Eug..

My niece works as a first grade teacher in the Inland Empire. She makes about $98k/year for working 9 months.

I no longer believe the underpaid teacher canard after she told me this.

[meadandale]

[quote=Eugene]Teachers are not extremely well paid here – worse than in the Northeast (NY, CT), for example.
[/quote]

Nice try at the propaganda Eug..

My niece works as a first grade teacher in the Inland Empire. She makes about $98k/year for working 9 months.

I no longer believe the underpaid teacher canard after she told me this.

[meadandale]

[quote=Eugene]Teachers are not extremely well paid here – worse than in the Northeast (NY, CT), for example.
[/quote]

Nice try at the propaganda Eug..

My niece works as a first grade teacher in the Inland Empire. She makes about $98k/year for working 9 months.

I no longer believe the underpaid teacher canard after she told me this.

[meadandale]

I say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.

Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirement

Bottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.

There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.

I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?

[meadandale]

I say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.

Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirement

Bottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.

There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.

I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?

[meadandale]

I say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.

Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirement

Bottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.

There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.

I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?

[meadandale]

I say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.

Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirement

Bottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.

There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.

I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?

[meadandale]

I say let the state declare bankruptcy and then renegotiate the union contracts for ALL state workers.

Eliminate defined benefit and healthcare plans
Institute defined contribution plans
Eliminate lifetime healthcare after retirement

Bottom line, current and future expenditures on retirees is going to bankrupt this state–it’s happening already.

There is no justification for salaries AS HIGH or higher than the private sector IN CONJUNCTION WITH gold plated retirement benefits.

I mean, come on, retiring at 50 with 100% of your highest salary FOR LIFE?

[meadandale]

[quote=kev374][quote=meadandale]

Don’t like the terms? Don’t use the card!!! It’s called a free market.
[/quote]

If it’s a free market then why are we using taxpayer money to bail them out?

I see so the term free market is used only when it is convenient for the business?

[/quote]

I’m not and wasn’t in favor of bank bailouts and feel that this violates everything that is required of a free market. It privatizes the reward and socializes the risk. That is NOT a free market.

However, I think that, because of the bailouts and risky behavior of consumer lending in general and mortgage and CC lending specifically, the banks are finally realizing that they have to price risk and cost back into the credit they are offering consumers. The day of reckoning is nigh.

I say it’s about damn time.

It’s time for the bankers to reign in consumer (over)spending and the only way to do that is by contracting credit.

Remember, many of the ‘prime’ borrowers with high credit scores are now the ones defaulting on their credit cards and mortgages.

[meadandale]

[quote=kev374][quote=meadandale]

Don’t like the terms? Don’t use the card!!! It’s called a free market.
[/quote]

If it’s a free market then why are we using taxpayer money to bail them out?

I see so the term free market is used only when it is convenient for the business?

[/quote]

I’m not and wasn’t in favor of bank bailouts and feel that this violates everything that is required of a free market. It privatizes the reward and socializes the risk. That is NOT a free market.

However, I think that, because of the bailouts and risky behavior of consumer lending in general and mortgage and CC lending specifically, the banks are finally realizing that they have to price risk and cost back into the credit they are offering consumers. The day of reckoning is nigh.

I say it’s about damn time.

It’s time for the bankers to reign in consumer (over)spending and the only way to do that is by contracting credit.

Remember, many of the ‘prime’ borrowers with high credit scores are now the ones defaulting on their credit cards and mortgages.

[meadandale]

[quote=kev374][quote=meadandale]

Don’t like the terms? Don’t use the card!!! It’s called a free market.
[/quote]

If it’s a free market then why are we using taxpayer money to bail them out?

I see so the term free market is used only when it is convenient for the business?

[/quote]

I’m not and wasn’t in favor of bank bailouts and feel that this violates everything that is required of a free market. It privatizes the reward and socializes the risk. That is NOT a free market.

However, I think that, because of the bailouts and risky behavior of consumer lending in general and mortgage and CC lending specifically, the banks are finally realizing that they have to price risk and cost back into the credit they are offering consumers. The day of reckoning is nigh.

I say it’s about damn time.

It’s time for the bankers to reign in consumer (over)spending and the only way to do that is by contracting credit.

Remember, many of the ‘prime’ borrowers with high credit scores are now the ones defaulting on their credit cards and mortgages.

[meadandale]

[quote=kev374][quote=meadandale]

Don’t like the terms? Don’t use the card!!! It’s called a free market.
[/quote]

If it’s a free market then why are we using taxpayer money to bail them out?

I see so the term free market is used only when it is convenient for the business?

[/quote]

I’m not and wasn’t in favor of bank bailouts and feel that this violates everything that is required of a free market. It privatizes the reward and socializes the risk. That is NOT a free market.

However, I think that, because of the bailouts and risky behavior of consumer lending in general and mortgage and CC lending specifically, the banks are finally realizing that they have to price risk and cost back into the credit they are offering consumers. The day of reckoning is nigh.

I say it’s about damn time.

It’s time for the bankers to reign in consumer (over)spending and the only way to do that is by contracting credit.

Remember, many of the ‘prime’ borrowers with high credit scores are now the ones defaulting on their credit cards and mortgages.

[meadandale]

[quote=kev374][quote=meadandale]

Don’t like the terms? Don’t use the card!!! It’s called a free market.
[/quote]

If it’s a free market then why are we using taxpayer money to bail them out?

I see so the term free market is used only when it is convenient for the business?

[/quote]

I’m not and wasn’t in favor of bank bailouts and feel that this violates everything that is required of a free market. It privatizes the reward and socializes the risk. That is NOT a free market.

However, I think that, because of the bailouts and risky behavior of consumer lending in general and mortgage and CC lending specifically, the banks are finally realizing that they have to price risk and cost back into the credit they are offering consumers. The day of reckoning is nigh.

I say it’s about damn time.

It’s time for the bankers to reign in consumer (over)spending and the only way to do that is by contracting credit.

Remember, many of the ‘prime’ borrowers with high credit scores are now the ones defaulting on their credit cards and mortgages.

[meadandale]

[quote=afx114]The smart-ass-gamer-techie-geek-internets-meme-fanboy faction of this site would like to ammend TG’s most excelent retort and point out that the correct reference is “All you base are belong to us.”[/quote]

It’s actually “All youR base are belong to us.” 😉

[Author]

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