MONEY: “Public” pensions should be under scrutiny by both taxpayers and potential recipients

http://www.jasonstapleton.com/651-this-time-its-different-really/

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Great article out of Zero Hedge today covering the current pension crisis in America. If you’ve listened to this show for any length of time, you know the public pension system is wrecked. But this article really went into detail about how it all might shape out in the end. Let’s just say it’s not a rosy picture. Like Mauldin says, “There are no good choices anymore.”

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An excellent point that BOTH taxpayers and those future “public” pension recipients should be very skeptical and demanding that the politicians and bureaucrats be accountable.

Political promises are worth the paper that they are printed on. (Hint: It’s all oral.)

Forewarned is fore armed.

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MONEY: This economy, and lack of political fiscal discipline, is hardest on the poor

http://www.csmonitor.com/Business/2013/0222/Why-is-Wal-Mart-worried-Payroll-tax-could-cut-consumer-spending.-video?nav=87-frontpage-entryLeadStory

Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)
Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013

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“It’s a big deal,” says Morgan Housley, a macroeconomic analyst with Motley Fool, an online financial education website. “The biggest impact is on lower-income households since the payroll tax is regressive, only applying to the first $113,000 of income. Wealthier households don’t feel the same pinch because the tax doesn’t hit all of their income. Lower-income households also spend a larger share of their income than wealthier consumers.… Low-income families are in one of the toughest spots they’ve been in since 2009.”

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Anyone believe a less that 2% cpi?

Not me!

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Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013

NEWJERSEY: Toll increases ARE a tax increase

http://blog.nj.com/njv_paul_mulshine/2012/01/this_toll_hike_could_be_just_t.html

This toll hike could be just the beginning
Published: Sunday, January 01, 2012, 2:09 AM
Paul Mulshine/The Star Ledger

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In 2001, a guy by the name of Bret Schundler was running for governor. The Republican candidate’s platform called for the immediate removal of the Garden State Parkway tolls.

His Democratic opponent, Jim McGreevey, said he’d get rid of the tolls as well, but it would take seven years.

Schund­ler as much as called him a liar. “If I win, tolls come down; if I lose, we get high-speed E-ZPass,” he said.

McGreevey won and proceeded to prove himself a liar — in what may be record time for even a Jersey pol. The day after he took the oath of office, McGreevey went on 101.5 FM and told a caller that he had no intention of keeping his promise to remove tolls.

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This is news to “We, The Sheeple” / Nu Jerzee subset!

Anyone who thinks that either side of the duopoly can be trusted is sadly delusional.

And the politicians and bureaucrats are perfectly happy if “the cost of collecting that toll can easily exceed the toll itself.” The bureaucrats get paychecks and the politicians get loyal voters in those bureaucrats. No corruption in that!

Wonder if some one can figure out the percentages. What percentage of NJ voters are “voting under the influence” of the Gooferment money.

There’s interesting anecdotal stories that Teachers’ Union SPOUSES run for school boards where they live; not where their spouse teaches. No conflict of interest, right? Until you realize that rasies won in one district become the norm in others.

Could it be that we have more than 50% of the voters who have “a dog in the fight”?

No wonder “we” just can’t win!

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