The real threat to pensions.

[Dondilion]

The following article highlights the shenanigans of Wall Street and its front men re pension funds.

http://america.aljazeera.com/opinion...ioncrisis.html

[BlueStreak]

Yep, it's all BS.

Dave

[noonereal]

what do we do about public pensions?

the payouts are extraordinary and unreasonable?????

[Tom Joad]

Originally Posted by noonereal

what do we do about public pensions?

the payouts are extraordinary and unreasonable?????

You can cherry pick a few examples that are, but for the most part they are quite modest. My own, from the State of Florida is $2100 a month after 31 years of service. The average in 2011 was about $18,000 a year. What's extravagant about that?

http://www.flaflcio.org/sites/defaul...y%20Primer.pdf

However private pensions have been hammered so much in the past 30 years that the public ones are starting to appear overly generous by comparison.

[BlueStreak]

Originally Posted by Tom Joad

You can cherry pick a few examples that are, but for the most part they are quite modest. My own, from the State of Florida is $2100 a month after 31 years of service. The average in 2011 was about $18,000 a year. What's extravagant about that?

http://www.flaflcio.org/sites/defaul...y%20Primer.pdf

However private pensions have been hammered so much in the past 30 years that the public ones are starting to appear overly generous by comparison.

What private pensions?

Dave

[icenine]

Originally Posted by noonereal

what do we do about public pensions?

the payouts are extraordinary and unreasonable?????

I understand this argument from the point of view of the tax payer but I find it odd no one is upset that normal pensions, like say a UAW pension for an autoworker, are as rare as the dodo bird. America would be better off if people got upset about why there are hardly any pensions left period instead of trying to going after the few who still get them.

[Dondilion]

Originally Posted by Tom Joad

You can cherry pick a few examples that are, but for the most part they are quite modest.

I have come to agree with you on this.

I believe the amplified noise about the ones cherry picked has clouded public
opinion.

[Tom Joad]

Originally Posted by BlueStreak

What private pensions?

Dave

Exactly.

Private corporations have taken the "F" out of workers pensions.

Now there ain't no "F" in workers pensions.

[icenine]

It is sort of like watching three or four houses on your block being consumed by fire, but being pissed off at the one guy left on the street that still has home owners insurance.
Bad simile but it kills me when all the debt crisis people and small government people go around trying to stamp on the last oxygen tube still functioning in an abandoned ICU ward.

[noonereal]

Originally Posted by icenine

I understand this argument from the point of view of the tax payer but I find it odd no one is upset that normal pensions, like say a UAW pension for an autoworker, are as rare as the dodo bird. America would be better off if people got upset about why there are hardly any pensions left period instead of trying to going after the few who still get them.

excess is excess

it's two different subjects

you can't marry the two and avoid the îssue, which you just did