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
*** begin quote ***
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.
*** end quote ***
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!
# – # – #
p.s., Hey NJ State employees: Your union and the politicians are screwing you by having NOT made a pension contribution in decades. Argh!
# # # # #
Reinke Faces Life 