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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (217138)	2/3/2005 5:42:41 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573902

JF, But it stuck... why do the politicians (both parties) try to hide the truth? Incumbency. The politics of self-preservation always triumphs over the politics of mutually-assured destruction. IMHO, of course. Tenchusatsu

To: Road Walker who wrote (217138)	2/3/2005 5:54:18 PM
From: Amy J	Read Replies (1) \| Respond to of 1573902

RE: "I think mandatory spending also includes military pensions and benefits, but that's beside the point. " In LA, there was a government worker (I believe an officer) making around $300k. When he retired and was given 80% or 100% of his last few years pay, which was around $100k. They also gave him retirement benefits such as fully paid health care. Then they asked him to come back to work and said they would pay him overtime for every hour he is working. So that was $200k. But get this, they didn't stop the $100k retirement payments while he went back to his same old job to work, so his net pay for one year worth of work was $300k for taxpayers. Meanwhile, LA is struggling with debts they can't pay and are asking taxpayers to cough up more money to pay for these retirement packages. What are the odds the LA taxpayer will wake up from their slumber and say 'no'? Or, what are the odds taxpayers in this country even have the power to turn around such govt corruption? By the way, it's apparently a widespread practice to pay a govt worker their retirement package well before they retire, in other words while they continue working another job. In corporate America, pension payouts don't happen until you retire. There was this 39 year old police officer in San Jose I believe, that "retired". Run the numbers on a 45 year annuity payment to this guy, and you're looking at around $3M retirement package. It's amazing how the govt can vote for their own salaries, basically. I think there are a lot of cases like this - $3M could be reduced to 0. These people can learn how to save money like the rest of us, rather than spend everything they earn and ask us to feed their $3M retirement packages. Apparently the guy didn't even go to college. Regards, Amy J