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This line re: public pensions makes my blood boil, even if they're right
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Date: January 21st, 2019 12:24 AM Author: Out-of-control Amethyst Corn Cake Gaping "Third, the public sector must transition younger employees into defined-contribution retirement plans, such as the 401(k)s common in the private sector. These plans allow employees to manage their own retirement funds, instead of depending on a government pension check that may never come."
BOOMERS get the best economy in the history of this country, easiest time to be alive and generate wealth, and even the fucking RETARDED ones who didn't take advantage still get pensions
and the young? lol fuck them, let the private "market" decide |
Date: January 21st, 2019 12:28 AM Author: Out-of-control Amethyst Corn Cake Gaping (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631386) |
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Date: January 21st, 2019 12:30 AM Author: ivory lascivious mad-dog skullcap do youngs have the courage to hold a GENERAL STRIKE, and crush the economy until their demands are met? (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631396) |
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Date: January 21st, 2019 12:31 AM Author: talented dragon lolno. the boomers will never get what should be coming to them. (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631403) |
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Date: January 21st, 2019 1:14 PM Author: buff wonderful lay blood rage (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633498) |
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Date: January 21st, 2019 12:32 AM Author: Abusive box office Most boomers squandered 90% of the opportunities they had, made terrible investment decisions etc. and still ended up multi-millionaires (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631414) |
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Date: January 21st, 2019 12:40 AM Author: mauve exhilarant range love of her life i wonder what those union auto factory jobs paid in the 70s and 80s in today's dollars? i'd guess over $200k (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631459) |
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Date: January 21st, 2019 1:04 AM Author: ivory lascivious mad-dog skullcap pretty sure i read that one of the union contracts had drill-press operators at Ford assembly plants in 1972 making $15.50/hour after a 6-month probationary period along with time-and-a-half after 8 hours or on special days like holidays. that's like 90 bucks in today's dollars per hour. (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631523) |
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Date: January 21st, 2019 1:29 AM Author: Electric angry selfie J f c (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631595) |
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Date: January 21st, 2019 2:28 PM Author: Laughsome Locale Coffee Pot holy shit (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633889) |
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Date: January 21st, 2019 12:34 AM Author: anal abode gunner boomers sucked all the marrow out this country, polluted, and let infrastructure decay while simultaneously racking up historic debt.
and their dead hands are still on the throttle.
gas all boomers. |
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Date: January 21st, 2019 2:20 PM Author: Jet-lagged curious organic girlfriend (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633852) |
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Date: January 21st, 2019 1:06 AM Author: Electric angry selfie Boomers justify 401k plans for new government workers because millenials job hop all the time. (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631529) |
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Date: January 21st, 2019 1:24 AM Author: trip duck-like temple Btw, these new employees still have 10+% of their salaries lopped off the top for the existing pensions (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37631582) |
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Date: January 21st, 2019 11:52 AM Author: Out-of-control Amethyst Corn Cake Gaping (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633116) |
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Date: January 21st, 2019 12:27 PM Author: Useless Tank We've pretty much proven that pensions are politically unworkable. Politicians always underfund them and unions look the other way, both knowing that they'll be out of power by the time the bill comes due. This doesn't really work with a 401(k), because you have to give the employees the money now. The government pinky swearing to pay you later has to be heavily discounted against money you can have and invest now. (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633307) |
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Date: January 21st, 2019 12:37 PM Author: violet disgusting elastic band cr. Pensions are bad public policy for government employees for this very reason - they will ALWAYS be raided by short sighted pols.
Companies got rid of pensions decades ago because they actually are on the hook for them and shareholders would never allow the unfunded liabilities so many states face. I realise that's very (((GC))) to say, but still. |
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Date: January 21st, 2019 1:16 PM Author: buff wonderful lay blood rage The problem is that the 401(k) is so unpredictable and one recession can wipe out an entire generation’s retirement savings.
There has a to be a better way to ensure retirements for older workers without the liability of pensions or the unpredictability of the market. |
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Date: January 21st, 2019 1:36 PM Author: violet disgusting elastic band Smaller pensions as a base, plus 401(k) savings, plus social security, should be plenty stable for the vast majority of Americans.
I could get behind smaller pension plans, but you'd probably have to get rid of public sector unions along with it so that they don't continue to get used as a one-way ratchet during negotiations.
Or find some other way that the plans aren't raided or vastly underfunded. Good luck with that, since our politicians can't think beyond one election cycle. |
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Date: January 21st, 2019 2:01 PM Author: buff wonderful lay blood rage Pensions should be run like the Fed by an unelected board of long term appointees who have no direct relationship to elected officials. (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633732) |
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Date: January 21st, 2019 2:19 PM Author: Electric angry selfie (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633837) |
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Date: January 21st, 2019 2:35 PM Author: outnumbered adventurous center keepsake machete Cr and require 100% funding. If it's good enough for the post office it's good enough for everyone else. (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633929) |
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Date: January 21st, 2019 1:12 PM Author: Electric angry selfie (http://www.autoadmit.com/thread.php?thread_id=4182767&forum_id=2#37633484) |