Quote:
Originally Posted by wdmso
Jim seeing your towing the party line please point how these are poorly run states and present some well run states as examples
the only one jumping on pensions are Republicans PS how many republicans do you think are cops firefighters teachers who are paying into these funds .. or Americans for that matter
And what Governor has ask for Money to address that issue ??
if the big government losses tax money because the states are losing tax money both by no fault of their own.... lose revenue.. but one can print money and 1 can not
|
"who have suggest stupid state funding besides you and republicans"
The IL state legislature asked for tens of billions for pension funding. So, there's that. see my link below. So kindly stop saying the GOP made this up. It started with democrats.
"love to see your examples on this one "
Here in CT, our unfunded debt (dominated by union perks) is over $100 billion. That's over $30,000 for every person in the state. When some of the highest taxes in the nation, applied to some of the highest incomes in the nation, are 100B short of funding the spending, I conclude the spending was stupid.
Can you tell me what other options there are? Is it possible to get that amount of debt with responsible spending?
Of course we have all the usual union benefits, insane pensions and healthcare that dwarf what's available in the private sector. The math just doesn't work.
"you have no issues bailing out farmers airlines small business "
I'll try to go very slowly here. We chose to #^&#^&#^&#^& down the airlines and small businesses. They didn't cause this or deserve it. The country cannot exist without farmers, airlines, or small businesses. In contrast, there is zero evidence that we cannot exist, without fat union pensions. If the entire private sector survives with 401ks, I will never understand why unions absolutely have to have pensions. Can you explain that to me? I'd love to hear it.
The state of CT does not suffer from an unreasonably low amount of tax revenue. Our biggest problem should be finding banks that can handle our surplus. Instead, we are crushed under impossible debt. We did this to ourselves, I can't fathom why someone in SC is responsible.
"Jim seeing your towing the party line "
I'm not guided by party on this whatsoever. I'm guided by elementary school aritthmetic, and the common sense fact that everyone else has 401ks and market-priced healthcare, and we survive just fine.
"point how these are poorly run states'
I already did. CT is a wealthy state with high tax rates (meaning tons of money goes to the legislature), plus we get hundreds of millions from the casinos annually in a good year. Yet we have debt equal to more than $30k per citizen. That doesn't suggest to you, that it's a poorly run state? Where did all that money go?
"the only one jumping on pensions are Republicans "
As I said, the democrats who run the state of IL asked for pension bailouts. Read my link. This is what set McConnell off.
"how many republicans do you think are cops firefighters teachers who are paying into these funds"
Not sure why that matters, but you asked so I'll answer...not many. The problem, is they don't pay anywhere near enough into those funds, and the public is expected to make up the difference. Why? I have to fund my own retirement, I can't pass the hat to the union as far as I know. So why does the union get to reach into my wallet? Why is the financial security of unionized democrats, so much more essential, than everyone else's financial security? A married couple who both teach in CT, can easily have a combined income north of $160,000. That's more than a lot of people in the private sector. They can fund their own retirement without preventing me from funding my own.
Anyway, since you denied the truth here, here's the story of the shameless IL senate democrat who used the virus as an excuse to ask the feds to bail out their pensions, to the tune of $40 billion. Trump should have gone on TV and told the guy to go f--- himself.
https://www.foxnews.com/media/chicag...ailout-request