Billions and billions owed and unfunded, per NPR’s “Where We Live”. This is the liberal media, in case you wondered. We are so screwed.
Our national government is doing the same thing: it’s doubled their payroll since 1981.
Billions and billions owed and unfunded, per NPR’s “Where We Live”. This is the liberal media, in case you wondered. We are so screwed.
Our national government is doing the same thing: it’s doubled their payroll since 1981.
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Connecticut is not alone with this predicament. There will be many states filing bankruptcy at some point to get out of these onerous, outrageously expensive government employee/retiree union contracts.
I read an amusing post somehwre that all the California cops and firemen retired and took off to Nevada, where they pay low taxes and their former tax paying neighbors pay their pensions!
CF, that same retire and relocate game has been going on for decades everywhere. Many of our local state retires move south and enjoy the cheap living.
what debt is owed to the town librarians who sit on their kind and polite ass for 30 years?
increasingly angry tax-payers,
increasing civil conflict,
increasing political dishonesty and cowardice,
broken budgets and broken laws,
unfulfilled gold-plated pension obligations,
angry and disgusted tax-payers.
only thing that might stop the cycle is a “liberal” application of tar and feathers.
http://www.pensiontsunami.com/
Need more awareness among taxpayers (and voters) of this ballooning government workers’ pay/pension scam
Only will be solved by bankruptcies to “reset” the system
The problem is so many are slowly getting drawn in. I worked at George Mason (state university, believe me I knew) outside of Washington for a while. An amazing number of grads immediately looked towards various government entities for employment but it was getting harder to find because grads from better schools outside the area were becoming their competition. As these people age, who will they vote for? Where will their allegiance lie? And, after all, somebody at sometime made them silly promises. Sure, many have dreams of businesses or working for themselves and, maybe, a bunch will pull away and do those things. Some government employees are conservative and see what’s going on. I’m not completely pessimistic about it but it does make you wonder when you read a post like this.
I’m with KC’s observation that an awful lot of young people look to the government for jobs these days (and I don’t mean just in the past 3 years of economic mess). It can’t help that so many of them have bought into the myth that a four-year college degree is supposed to be a direct ticket to a good job. Except for a few types of degrees, that just isn’t true, and it never has been.
Plus it seems that many recent grads aren’t willing to knock around a little bit, sampling various entry-level jobs and living a bohemian kind of life until a career path shapes up for them. Perhaps it’s because they have too many student loans to pay off; perhaps it’s because they think they’re entitled to better. In either case, it seems, government employment starts to look good, and once they’re on that payroll their risk-taking and or entrepreneurial leanings are likely to wither away.
Which is too bad, and not just for us private sector taxpayers who have the dubious privilege of subsidizing their lifetime employment guarantees and defined benefits plans. How are we going to remain world leaders in innovation if too many people become risk-averse seekers of financial security at age 23?
51% of the people are on the tit…that’s a problem certainly during election time