NEWJERSEY: Unfunded liabilities

Sunday, November 29, 2009

http://www.americanthinker.com/blog/2009/11/public_employees_doing_very_we.html

November 28, 2009
Public employees doing very well, thank you
Rick Moran

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Unfunded liabilities from these pension plans is in the trillions of dollars with taxpayers on the hook for the balance. It isn’t just “unsustainable.” It is a catastrophe waiting to happen. The entire system in California and other states could collapse if the stock market tanks again, as much of the pension money is invested in financial instruments – some of them incredibly risky.

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Public pension SHOULD be 403b, 401k, or just plain old IRAs.

Why should the donut eaters ride on the backs of poor taxpayers?

Why should the cost of “public education” drive old people from their homes?

Why in New Jersey am I de facto renting my property from the State?

Argh!

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p.s., Hey NJ State employees: Your union and the politicians are screwing you by having NOT made a pension contribution in decades. Argh!

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RANT: The paranoia in all of us

Sunday, November 29, 2009

http://www.michaelshermer.com/2009/09/paranoia-strikes-deep/

Paranoia Strikes Deep
published September 2009
Why people believe in conspiracies
Michael Shermer

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Conspiracies do happen, of course. Abraham Lincoln was the victim of an assassination conspiracy, as was Austrian archduke Franz Ferdinand, gunned down by the Serbian secret society called Black Hand. The attack on Pearl Harbor was a Japanese conspiracy (although some conspiracists think Franklin Roosevelt was in on it). Watergate was a conspiracy (that Richard Nixon was in on). How can we tell the difference between information and disinformation? As Kurt Cobain, the rocker star of Nirvana, once growled in his grunge lyrics shortly before his death from a self-inflicted (or was it?) gunshot to the head, “Just because you’re paranoid don’t mean they’re not after you.”

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Argh! “THEY” are out to get us. Violent people want to seize the power of the gooferment to exercise over us. If you don’t think you are “being controlled”, just try doing something the establishment (left or right) doesn’t like!

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