TREASURY APPROVES NEW YORK STATE PENSION CUTS

[DEAD7]

I could see sacrificing the unborn but to cut the pension of retirees and guys currently working is fukked up. There was a time where you got union and civil service jobs for the security and benefits, it would never make you rich, private sector was the way to go. Now everything about the private sector is horrible from pay to benefits to security. Everyone wants a union job or civil service, instead of trying to fix the private sector they're going after unions and civil service to make those jobs as shytty as the private sector.

If you live in NY vote no for the constitutional convention

 

[Tom Foolery]

Pensions are the greatest Ponzi Schemes ever made.

 

[Geek Nasty]

1. Sucker people into taking lower paying government jobs for "the great pension."
2. Cut taxes to get donations from the rich
3. Underfund pensions and infrastructure maintenance because you know it'll take a long time for people to notice where the money came from
4. Retire as a beloved hero of the people because you "slashed government spending"
5. Look on with surprise when the bills start piling up when you're on the beach writing your autobiography

 

[Geek Nasty]

Pensions are the greatest Ponzi Schemes ever made.

They're only a ponzi scheme if you don't invest enough money to maintain them. Used to be laws regulating this, but you know how evil regulation is

 

[DEAD7]

Pensions are the greatest Ponzi Schemes ever made.

facts

 

[newworldafro]

This $700 Billion Public Employee Ticking Time Bomb Is Only 6.7% Funded; Most States Are Under 1% | Zero Hedge