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To: SouthFloridaGuy who wrote (6669)	11/11/2002 11:11:26 AM
From: Les H	Read Replies (1) \| Respond to of 306849

I heard that North Carolina is requiring a 6 pct payroll contribution from state employees to make up for the underfunding of the pension plans.

To: SouthFloridaGuy who wrote (6669)	11/11/2002 1:52:23 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

Don't states have to have balanced budgets? The Federal Government has to run a deficit in compensation....

To: SouthFloridaGuy who wrote (6669)	11/11/2002 2:17:51 PM
From: MSI	Respond to of 306849

The light you see is a train heading our way ... State and local gov'ts can't go into debt the same way the feds can, it has to mostly be voter-approved bonds or taxes. Since gov't is desperate to keep jobs and revenue, unless there is leadership at the top, there will be increasing pain and suffering levied on taxpaying citizens, in increasingly creative and subtle ways, to increase costs and reduce services. The feds also gain power, because they have the ability to issue funds for the increasing "emergencies" we'll see. See "Dependent on DC", by C. Twight for details on procedures being used to disguise the looting of the American taxpayer and contamination of political dialog for the media. Unfortunately, the bottom line is the trend towards an all-powerful central government obsessed with secrecy for the actions of powerful insiders, and no privacy for citizens. We have the ability to manage debt better than '29 by a network of guarantees. The problem is that the foxes are fully in charge of the henhouse, spending trillions that ends up in nonproductive hands, and overseas. There is little citizens can do about it because a major purpose of government action at all levels is the avoidance of accountability.