posted on Dec, 6 2012 @ 08:00 AM
Originally posted by samkent
reply to post by AQuestion
Everything you said goes against what I have heard.
Be that as it may.
I have felt for years they should do away with pension plans in favor of IRAs and 401Ks.
That way you really do get the money not a promise. And every few months you get a statement showing you what you are worth in retirement. You then
know how much harder you need to work.
Well, research it. Very simple, go to the GFOA website and read what they posted about the pensions. It is not that hard. I don't believe in truth by
consensus, lets base it on facts and not preference or opinion. I used to manage $250 million a year in government funds. You have "felt" whatever
you did, lets try working with the facts.
I usually post in the Faith sections; but, the biggest foolishness I see is by those who act like sheep and accept whatever the media tells them
regardless of the issue. I presented facts that can be verified with very little effort, lets work with that. Show me where I lied or made things up.
I will wait.
If you wish to have fun try reading the newspapers from different cities across the nation. Why is it that they all claim that every city is in
trouble because of pensions? We have just had a major recession, that is undeniable; but, the pension "problem" is always blamed in every city on
greedy public servants. You mean not one city made it's mandated contributions over the last decade for no reason even though we were in good times?
Here is another question, if the GFOA said there is no problem, how come nobody in the mainstream media has bothered publishing that fact? One that
you can easily check.
Here is something everyone can look up. The governator of California claimed that CalPers was in trouble and then he asked to borrow billions from it
to balance the budget. How is that rationale? You want to have some real fun? Look up at the money that was written off by the public pensions, rather
than having an opinion, investigate the facts, I tell you what to investigate, check for yourself. Don't believe what fits your bias, check, deny
ignorance and investigate.
Did you research what I wrote, NO. Do you care if what I said is the truth, NO. Then what does it matter what you feel? Let us try working with the