dagblog - Comments for "Foreclosures now, Pensions next year"

I'm feeling very pensive.

cmaukonen — Mon, 18 Oct 2010 13:38:26 +0000

In reply to I have a penchant for a

I'm feeling very pensive.

I have a penchant for a

Resistance — Mon, 18 Oct 2010 09:57:41 +0000

In reply to The pension tension...

I have a penchant for a pension

The pension tension...

LisB — Mon, 18 Oct 2010 06:28:53 +0000

In reply to Foreclosures now, Pensions next year

The pension tension...

I have read a couple articles

Richard Day — Sun, 17 Oct 2010 21:17:57 +0000

In reply to Foreclosures now, Pensions next year

I have read a couple articles on this subject and saw some 'political' discussion of the pension issue on cable.

Entitlements. Like people think after 30 years they are entitled to something.

This Arpaio has about three pensions going now as do all the generals who are triple dippers; hell quadruple dippers.There are gamers in the 'system'. That is for sure.

The pension funds of course were invested in dubious 'ventures'. So who gets stuck holding the debt mess?

Wall Street should be stuck with all of this debt and a surcharge should be made upon every transaction in which they are involved. Make the gamblers pay.

Oh the bonus packages and stuff were earned. But the municipal janitor after 30 years of cleaning toilets is receiving entitlements. ha

That's what I say!!!

(Matthew 18:23-34)

Resistance — Sun, 17 Oct 2010 17:45:35 +0000

In reply to Foreclosures now, Pensions next year

(Matthew 18:23-34) ²³ ,,,,,,,,,, a king, that wanted to settle accounts with his slaves. ²⁴ When he started to settle them, there was brought in a man who owed him ten thousand talents [=60,000,000 de·nar′i·i]. ²⁵ But because he did not have the means to pay [it] back, his master ordered him and his wife and his children and all the things he had to be sold and payment to be made.
²⁶ Therefore the slave fell down and began to do obeisance to him, saying, ‘Be patient with me and I will pay back everything to you.’
²⁷ Moved to pity at this, the master of that slave let him off and canceled his debt.
²⁸ But that slave went out and found one of his fellow slaves that was owing him a hundred de·nar′i·i; and, grabbing him, he began to choke him, saying, ‘Pay back whatever you owe.’ ²⁹ Therefore his fellow slave fell down and began to entreat him, saying,
‘Be patient with me and I will pay you back.’
³⁰ However, he was not willing, but went off and had him thrown into prison until he should pay back what was owing. ³¹ When, therefore, his fellow slaves saw the things that had happened, they became very much grieved, and they went and made clear to their master all the things that had happened. ³² Then his master summoned him and said to him, ‘Wicked slave, I canceled all that debt for you, when you entreated me. ³³ Ought you not, in turn, to have had mercy on your fellow slave, as I also had mercy on you?’ ³⁴ With that his master, provoked to wrath, delivered him to the jailers, until he should pay back all that owed.
The bankers cried out for help, “Help us or great suffering will occur, many of our members might be thrown into prison.
The king (government) felt pity and gave the bankers money so they could avoid calamity. The bankers might lose their homes and their families suffer.
Now the bankers want to punish those of lesser means, throwing the slave class out of their homes. Caring less about the families of their fellow slaves
Our government (our king) needs to go after these wicked crooks, bring back the money nd take away the bankers homes, let them suffer what they want the slaves to suffer.

Pensions have a federal

Beetlejuice — Sun, 17 Oct 2010 16:55:11 +0000

In reply to Foreclosures now, Pensions next year

Pensions have a federal guarantee. If the pension fund goes tango-uniform, the government steps in to prop it up and takes the company to task to shore up their default to their retirees. Of course, that federal guarantee means the company is paying a fee to a government entity that monitors employee retirement trust funds and those fees are used to pay retirees whose pension funds are defunct.

When the concept of 401-K's were introduced, they were meant to supplement an employees retirement pension. Thanks to republicans, companies were given the opportunity to switch from employee pension plans under government regulation with a fee to a plan that was free and clear of government regulation and fees. So if you're 401-K retirement plan goes tango-uniform because the market crashes and you loose everything, tough shit.

By the way, when I was a state employee, part of my salary went into a pension fund. What was really odd was I didn't pay into social security. Something about being an employee of a state, county, city with a pension plan made me exempt. So if a state, county or city retiree's pension plan goes tango-uniform they don't have the luxury of social security to see them thru.

Pensions are a touchy

cmaukonen — Sun, 17 Oct 2010 12:41:39 +0000

In reply to Foreclosures now, Pensions next year

Pensions are a touchy subject. Those that have them, expect to collect. Those that have to pay increased taxes point at certain egregious cases of police, fire and even sanitation employees gaming the system to inflate their retirement salary to much more than anyone would have expected. I suspect there will be some renegotiation, but that most of the costs will passed along to city residents.

Assuming there are many city residents left besides the pensioners. A lot of the smaller burgs are dwindling as people leave to find employment else where.

dagblog - Comments for "Foreclosures now, Pensions next year"

I'm feeling very pensive.

I have a penchant for a

The pension tension...

I have read a couple articles

﻿(Matthew 18:23-34)

Pensions have a federal

Pensions are a touchy

(Matthew 18:23-34)