Pension Spending

by Mr. Ogre on Jan 18, 2011 at 12:23 Political

Oh, this should be good. The article linked talks about the $2 trillion (that’s $2,000,000,000,000.00) shortfall in pension funding. That is money that states have promised to give to state employees. Remember now, the states are out of money. They have simply spent it all. So, what are they going to do? What’s the most likely plan?

The very unfortunate consequence is that various safety nets for the most vulnerable citizens will be cut back.

So this is the Democrat Party, saying that they’re going to reduce funding for social issues so they can pay pensions. Oh, did you notice this was New Jersey? The place where huge numbers of public “servants” get 6-digit pensions? Tell me again how the Democrat Party is for the “little guy.” Oh, and try and tell me in a way that’s at least partly serious while paying retired bureaucrats $100+K and shorting medicaid.

Gunline

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This entry was posted on Tuesday, January 18th, 2011 at 12:23 and is filed under Political. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Pension Spending”

  1. Blake says:
    Wednesday Jan 19th, 2011 at 10:15

    I can agree (in theory) that promises made regarding pensions should be kept, but in a reality where union employees are sucking the money from the rest of the populace, and in states where THERE IS NO MONEY to pay for these now unrealistic promises, union people should just shut up- they have been paid VERY well over the years- now is the time to give back for the good of the country, and if they do not know that it is NOT all about them, then now is the time to learn, since unions comprise about 17- 20% of the populace, they are not in the majority, and just need to take a seat and shut up.