erynthered Posted February 18, 2010 Share Posted February 18, 2010 By Golly, a $1 trillion funding shortfall in public sector retirement benefits would be nothing but "easy as pie", for this administration to tackle. http://news.yahoo.com/s/ap/us_pension_shortfall_study Link to comment Share on other sites More sharing options...
Chef Jim Posted February 18, 2010 Share Posted February 18, 2010 And this is before they add all those government stimulus jobs. The US governement is already the largest employer in the country. Government employs the most people here in CA and the pension expenses are what are killing us out here. They really need to switch over to a defined contribution plan for all government employees. Link to comment Share on other sites More sharing options...
/dev/null Posted February 18, 2010 Share Posted February 18, 2010 Umm, we're already on the 3rd or 4th... Bush/Pelosi's $600/$1200 giveaway Bailouts Porkulus Link to comment Share on other sites More sharing options...
Alaska Darin Posted February 18, 2010 Share Posted February 18, 2010 We're pretty much screwed - there just isn't an easy way out of this one. Link to comment Share on other sites More sharing options...
keepthefaith Posted February 18, 2010 Share Posted February 18, 2010 We're pretty much screwed - there just isn't an easy way out of this one. The numbers don't lie. The only way out is dramatic spending cuts all over. We just have to elect people who will do it. Like you said, not easy. Link to comment Share on other sites More sharing options...
Alaska Darin Posted February 19, 2010 Share Posted February 19, 2010 The numbers don't lie. The only way out is dramatic spending cuts all over. We just have to elect people who will do it. Like you said, not easy. The problem with spending cuts is the short term downstream effects. It's not unlike what happened with GM/Chrysler. The government had the choice of letting them go into bankruptcy and basically causing a depression in the entire midwest, or bail them out and let them restructure with taxpayer money we don't have. We could close all the overseas bases and cut the military budget in half but the short term effect of that would make the auto industry problem look like a pebble tossed in the ocean. The government is set up like friggin' Amway and the last guy in is always the one holding the bag. That's the middle/lower class. Link to comment Share on other sites More sharing options...
IDBillzFan Posted February 19, 2010 Share Posted February 19, 2010 We're pretty much screwed - there just isn't an easy way out of this one. Maybe we can spend our way out. Link to comment Share on other sites More sharing options...
Magox Posted February 19, 2010 Share Posted February 19, 2010 Maybe we can spend our way out. That's what Clyburn said In regards to our issues, it's like a junky that needs his fix, once the high wears off, we're in for a real downer. Unless of course we have unlimited supply of free dope. Link to comment Share on other sites More sharing options...
DC Tom Posted February 19, 2010 Share Posted February 19, 2010 Maybe we can spend grow our way out. Because that's how we do it in America. Seriously. Grow big enough, and the debt's comparatively small. The S&Ls, Enron, the tech bubble, housing and the financial industry. The next industry to get hit will probably be health care. Eventually the federal government's turn will come. Link to comment Share on other sites More sharing options...
Chef Jim Posted February 19, 2010 Share Posted February 19, 2010 That's what Clyburn said In regards to our issues, it's like a junky that needs his fix, once the high wears off, we're in for a real downer. Unless of course we have unlimited supply of free dope. I'm shooting (pun intended) for an overdose. Link to comment Share on other sites More sharing options...
meazza Posted February 19, 2010 Share Posted February 19, 2010 Because that's how we do it in America. Seriously. Grow big enough, and the debt's comparatively small. The S&Ls, Enron, the tech bubble, housing and the financial industry. The next industry to get hit will probably be health care. Eventually the federal government's turn will come. True but the Government will just bail out the Government. And then a crass so large will persist, USA will become Canada's 11th province or 3rd territory. I assume a vote will take place to choose. Link to comment Share on other sites More sharing options...
KD in CA Posted February 19, 2010 Share Posted February 19, 2010 By Golly, a $1 trillion funding shortfall in public sector retirement benefits would be nothing but "easy as pie", for this administration to tackle. http://news.yahoo.com/s/ap/us_pension_shortfall_study Gee, here's an idea. Stop promising every Tom, Dick and Harry that has a gubmint job a full pension and let them save for retirement like everyone else. Oh, and maybe stop adding more needless heads to the gubmint payroll in the first place. Link to comment Share on other sites More sharing options...
Nanker Posted February 19, 2010 Share Posted February 19, 2010 Maybe we can spend our way out. Why, yes. To keep from going bankrupt! Link to comment Share on other sites More sharing options...
meazza Posted February 19, 2010 Share Posted February 19, 2010 Why, yes. To keep from going bankrupt! http://www.youtube.com/watch?v=0OOI8zw3X5s Lyrics included just to get yourself ready Link to comment Share on other sites More sharing options...
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