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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (728502)7/23/2013 11:43:47 AM
From: i-node2 Recommendations

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Tenchusatsu
TideGlider

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>> "There's this myth that everyone in Detroit is getting a fat pension," LaBrecque said. "But that's clearly not true."



They're entitled to those pensions.

If there is the money to pay them. But if the city hasn't put the money aside each year there is no one to look to for payment. As I pointed out to you last week (and you belly-laughed about it), cities all over the country have done precisely the same thing. It is incompetence in leadership, but it is what it is.

There is no money for this. Someone has to take the hit.

The question now is "Who?" Should it be the union members who expected to receive the money, who actually had a deal with the city? Or should it be taxpayers in other states who had nothing to do with these contracts?

When a union negotiates a pension deal, it is on THEM. It is on the union or the workers to be damned sure those funds are segregated on an annual basis. Unfortunately, none of these cities under liberal management are doing this. So, Chicago, SFO, NYC, they all have the same problem -- just at different stages of collapse.

There is no reason I should have anything to do with it. Whatever I "pension" I have is money I've managed to put back for myself. Don't be looking to me to pay for these guys to have a nice retirement. Not my problem.
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