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Posted

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.

Posted
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.

Posted
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.

Posted
Maybe we can spend our way out.

That's what Clyburn said :rolleyes:

 

 

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. :rolleyes:

Posted
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.

Posted
That's what Clyburn said :rolleyes:

 

 

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. :rolleyes:

 

I'm shooting (pun intended) for an overdose.

Posted
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.

Posted
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.

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