<< <i>If you are on the government dole, you won't be taking a pay cut. >>
Fed checks will not be cut, they are backed by the printing press. States and locals are another story, they can't print - only cut costs or raise taxes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>The maximum Social Security benefit someone can get -- after working their entire life and paying the most possible into the system -- is about $2,500 per month. Link. That works out to $30k a year. And very few people have any private pension anymore. It seems to me that government employees shouldn't get any more than the Social Security amount the rest of us get. It's ridiculous for them to get $70k or $90k or more in retirement. >>
That does seem a bit excessive, but then look at the politicians retirement plans.
<< <i>San Bernadino bankrupt, said the cause was retiree pension/benefits. What I just heard on Power Lunch anyway. >>
Cause was elected officials spending what they don't have. The employees/retirees didn't set their own pensions/benefits - the taxpayers' representatives had to grant them. I find it amusing how the bankrupted politicians don't accept responsibility for their spending.
Disclaimer: I am opposed to public sector employee bargaining units (lobbyists in sheep's clothing) but I also blame politicians who made outragous promises in return for votes.
The growing trend in municipal and eventual state failures will prove Meridith Whitney absolutely correct. She caught the wrath of the rock star economists, but she will be proven smarter than them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>San Bernadino bankrupt, said the cause was retiree pension/benefits. What I just heard on Power Lunch anyway. >>
Cause was elected officials spending what they don't have. The employees/retirees didn't set their own pensions/benefits - the taxpayers' representatives had to grant them. I find it amusing how the bankrupted politicians don't accept responsibility for their spending.
Disclaimer: I am opposed to public sector employee bargaining units (lobbyists in sheep's clothing) but I also blame politicians who made outragous promises in return for votes.
The growing trend in municipal and eventual state failures will prove Meridith Whitney absolutely correct. She caught the wrath of the rock star economists, but she will be proven smarter than them. >>
They're trying to blame it on property tax losses, too funny.
Show of hands who here has seen the property tax bill cut in half since the value of their house was cut in half?
Anyone seen any meaningful decrease in a tax bill thats based on property value? Its nice to see that my town still values my house at 400k when the market value is around 225k now if I'm lucky
where are the appraisers ? They seemed to come around pretty regularly when values were going up
<< <i>Show of hands who here has seen the property tax bill cut in half since the value of their house was cut in half?
Anyone seen any meaningful decrease in a tax bill thats based on property value? Its nice to see that my town still values my house at 400k when the market value is around 225k now if I'm lucky
where are the appraisers ? They seemed to come around pretty regularly when values were going up >>
Si vis pacem, para bellum
In God We Trust.... all others pay in Gold and Silver!
<< <i>The maximum Social Security benefit someone can get -- after working their entire life and paying the most possible into the system -- is about $2,500 per month. Link. That works out to $30k a year. And very few people have any private pension anymore. It seems to me that government employees shouldn't get any more than the Social Security amount the rest of us get. It's ridiculous for them to get $70k or $90k or more in retirement. >>
AGREE!!!!!! Public employees deserve 70K or 90K if they fully fund it!!! Understand that the nation is bankrupt, only 50% or so now pay taxes, sorry folks the numbers can't deliver. OK whose fault is it? Is it the rich? Is it the poor?
I WOULD GREATLY APPRECIATE THE ANSWER. WHO'S FAULT IS IT?
Social Security is not designed to be a retirement plan. It's purpose is to supplement a private pension.
In the news this morning:
"Law enforcement officials said Thursday that they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it was going to file for bankruptcy."
Lack of accountability appears to be a common thread among the greed and corruption accorss this once great land.. As much as I prefer less government, it is being proven that some regulation and enforcement is needed to combat human greed. Left unchecked business America today is what you get.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Law enforcement officials said Thursday that they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it was going to file for bankruptcy."
Lack of accountability appears to be a common thread among the greed and corruption accorss this once great land.. As much as I prefer less government, it is being proven that some regulation and enforcement is needed to combat human greed. Left unchecked business America today is what you get.
While I agree in general about some regulation and enforcement, in this case it is the government that is the problem and they are the ones in charge of regulation and enforcement.
We don't need 2700 pages of legislation and another 20,000 pages of regulations for either healthcare or the financial industry. We need those in government to actually do the jobs that they were hired to do, and to enforce the laws that were already on the books.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>I WOULD GREATLY APPRECIATE THE ANSWER. WHO'S FAULT IS IT? >>
economically uneducated voters.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
<< <i>If you are on the government dole, you won't be taking a pay cut. >>
Fed checks will not be cut, they are backed by the printing press. States and locals are another story, they can't print - only cut costs or raise taxes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>He got the ban hammer? No wonder it was so quiet. >>
I was thinking the same thing.
Of course it was only a matter of time for him to get exiled as he has a way of rubbing people the wrong way.
<< <i>The maximum Social Security benefit someone can get -- after working their entire life and paying the most possible into the system -- is about $2,500 per month. Link. That works out to $30k a year. And very few people have any private pension anymore. It seems to me that government employees shouldn't get any more than the Social Security amount the rest of us get. It's ridiculous for them to get $70k or $90k or more in retirement. >>
That does seem a bit excessive, but then look at the politicians retirement plans.
<< <i>San Bernadino bankrupt, said the cause was retiree pension/benefits. What I just heard on Power Lunch anyway. >>
Cause was elected officials spending what they don't have. The employees/retirees didn't set their own pensions/benefits - the taxpayers' representatives had to grant them. I find it amusing how the bankrupted politicians don't accept responsibility for their spending.
Disclaimer: I am opposed to public sector employee bargaining units (lobbyists in sheep's clothing) but I also blame politicians who made outragous promises in return for votes.
The growing trend in municipal and eventual state failures will prove Meridith Whitney absolutely correct. She caught the wrath of the rock star economists, but she will be proven smarter than them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>San Bernadino bankrupt, said the cause was retiree pension/benefits. What I just heard on Power Lunch anyway. >>
Cause was elected officials spending what they don't have. The employees/retirees didn't set their own pensions/benefits - the taxpayers' representatives had to grant them. I find it amusing how the bankrupted politicians don't accept responsibility for their spending.
Disclaimer: I am opposed to public sector employee bargaining units (lobbyists in sheep's clothing) but I also blame politicians who made outragous promises in return for votes.
The growing trend in municipal and eventual state failures will prove Meridith Whitney absolutely correct. She caught the wrath of the rock star economists, but she will be proven smarter than them. >>
They're trying to blame it on property tax losses, too funny.
Show of hands who here has seen the property tax bill cut in half since the value of their house was cut in half?
Anyone seen any meaningful decrease in a tax bill thats based on property value? Its nice to see that my town still values my house at 400k when the market value is around 225k now if I'm lucky
where are the appraisers ? They seemed to come around pretty regularly when values were going up
<< <i>Show of hands who here has seen the property tax bill cut in half since the value of their house was cut in half?
Anyone seen any meaningful decrease in a tax bill thats based on property value? Its nice to see that my town still values my house at 400k when the market value is around 225k now if I'm lucky
where are the appraisers ? They seemed to come around pretty regularly when values were going up
In God We Trust.... all others pay in Gold and Silver!
<< <i>The maximum Social Security benefit someone can get -- after working their entire life and paying the most possible into the system -- is about $2,500 per month. Link. That works out to $30k a year. And very few people have any private pension anymore. It seems to me that government employees shouldn't get any more than the Social Security amount the rest of us get. It's ridiculous for them to get $70k or $90k or more in retirement. >>
AGREE!!!!!! Public employees deserve 70K or 90K if they fully fund it!!! Understand that the nation is bankrupt, only 50% or so now pay taxes, sorry folks the numbers can't deliver. OK whose fault is it? Is it the rich? Is it the poor?
I WOULD GREATLY APPRECIATE THE ANSWER. WHO'S FAULT IS IT?
GOT GOLD
In the news this morning:
"Law enforcement officials said Thursday that they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it was going to file for bankruptcy."
Lack of accountability appears to be a common thread among the greed and corruption accorss this once great land.. As much as I prefer less government, it is being proven that some regulation and enforcement is needed to combat human greed. Left unchecked business America today is what you get.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Lack of accountability appears to be a common thread among the greed and corruption accorss this once great land.. As much as I prefer less government, it is being proven that some regulation and enforcement is needed to combat human greed. Left unchecked business America today is what you get.
While I agree in general about some regulation and enforcement, in this case it is the government that is the problem and they are the ones in charge of regulation and enforcement.
We don't need 2700 pages of legislation and another 20,000 pages of regulations for either healthcare or the financial industry. We need those in government to actually do the jobs that they were hired to do, and to enforce the laws that were already on the books.
I knew it would happen.
<< <i>I WOULD GREATLY APPRECIATE THE ANSWER. WHO'S FAULT IS IT? >>
economically uneducated voters.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey