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we as in you and me?
spursncowboys, I have a question: do we know where bin laden is at?
we as in you and me?
as in u.s. military
(wink twice if you cant talk)
Rather than ing about Fed compensation being so much better than private, all y'all should see the stagnant/declining wealth of the lower 95% as the victory of the class war by private employers and shareholders over the private employees.
The real question is why can't private compensation and job security be reasonably closer to public employees?
Real wages have been minimal/flat for 30 years. Households hung on by both parents working, then by going into/lured into debt. Total household debt in the late 2000 was 113% of household income. Single males' real income is actually down from 1975.
St Ronnie got the capitalist/conservative war on employees rolling, set an example for private employers that employees were targets, by firing the air traffic controllers. And then he raised payroll taxes while cutting taxes on the wealthy.
Fed employees, many of them unionized, are not aggressively screwed out of compensation the way private employees are. That's why private employers fire union organizers and bust/block unions, then pay their management 100s of $Ms, no matter what company's performance is (see Home Depot decline for 5 years then they CEO parachutes with $250M)
aka, "the hollowing out, the destruction of the middle class" by the hyper-compensated, wealthy corporate management and shareholders, esp wealthy shareholders, ins utional investors.
Now the Banskters Great Depression puts the employers even more ruthlessly in control, a seller's market where the supply of jobs is far below the demand. Employees, job seekers are intimidated. So employers can drive salaries ever lower in this depression.
America is ed, and un able.
No I don't. Do you often play make-believe?
The article is about compensation.
Silly lib.
Liberal economic logic fail, as usual.
Feds are overcompensated, but then again, that's what happens when you have union shops running things.
They all unionize, then vote as a block for Reps/Senators who give them more pay and benefits, then the union leadership donates their 'dues' to bribe Congress to give them another bump.
It's a perpetual cycle that is going to end in the bankruptcy of the country.
You're an idiot.
But of course you do.
First, you suck at reading.
And no, I don't get a pension. I get a 401k. And I like the odds of my 401k being there for me when I retire far greater than some government pension program burdened with hundreds of billions, maybe even trillions of dollars worth of unfunded obligations.
If you set aside a few thousand a year from the beginning you will retire a multi-millionaire. People do it all the time without pensions. Half of old americants don't save , rely on social security, and eat dog food though.
But but but but the market is all rigged and all of your privatized money will disappear!!
Everything worth anything has risks. Pension plans have been known before to bankrupt the entire system, be taken over by the government, and automatically cut 50% overnight no questions asked.
Didn't bother reading past the first couple posts.
The one thing missing is comparable jobs. When you take the average worker, you get a mix of blue collar, white collar, and burger flippers, etc.
I wonder how a non executive type federal employee with compares to the average GM employee for wages and benefits?
Citizens providing for themselves, without the government? OMG!!!!!!!
What do you call 'a few'? Some quick math tells me at least 25k for 80 years to get to $2 million...
25K is a good chunk of change. Heck, a couple of years ago I wasn't making 25K for the entire year.
There's GOP logic, or lack thereof, at work....just save a couple of thousand a year and you'll retire a multimillionaire! guaranteed!
...Guess what? If 'some government pension' is worthless then your 401k is worthless too because the government just defaulted on its obligations and all money is now worthless.....get a clue...
That's exactly what I was thinking, lol.
I like how he calls pensions 'unfunded obligations'
Seriously, when the GOP regains power, they will go after Social Security and then it will be game over for the U.S. because that, for better or worse, is our credit reserve... not the Chinese...
Well... He's also probably one of those people who eats up the idea of privatizing social security, and then is shocked to learn his social security is destroyed when the market collapses again because of "over-regulation".I like how he calls pensions 'unfunded obligations'
Seriously, when the GOP regains power, they will go after Social Security and then it will be game over for the U.S. because that, for better or worse, is our credit reserve... not the Chinese...
Well... He's also probably one of those people who eats up the idea of privatizing social security, and then is shocked to learn his social security is destroyed when the market collapses again because of "over-regulation".
Can you imagine if we had privatized even a part of Social Security under Bush41 or Dubya how ed we would be right now? That idea has quickly been thrown under the bus by wing-nuts...
With Pete Peterson on it, the Deficit Commission is now the cut, privatize (aka, kill) Social Security Commission. Kill it by giving it to Wall St to plunder.
Let's get Fabulous Fabrice/Goldman to put together another Abacus product, and spend all the SocSec funds buying into it.
401K's are already a scam with the corps and fund managers mismanaging the funds, stealing unnannounced, hidden, unchallengeable fees.
The predatory wealthy screwed your salaries and removed any all power you might have an employee (you're a ing wage slave, STFU and keeping putting in those unpaid hours), now they're (still) after your retirement savings.
You really should stop. You're not very good at this. The government not having enough money to cover it's pension obligations is not the same thing as the government defaulting on it's treasury notes. Joe the retired bureaucrat not getting his pension check does not collapse the entire financial system.
$3 trillion in unfunded pension obligations nationwideI like how he calls pensions 'unfunded obligations'
That $3 trillion is only for state and local governments btw. Feds not included.
So you're admitting you're a wing nut?
Last edited by coyotes_geek; 08-12-2010 at 09:01 AM.
I wouldn't be surprised to see the double pension go away. Still, I don't see how he got three pensions unless he retired at 77 or something.
Also, as someone pointed out, the military probably makes a fair amount, perhaps less depending on the job (comm guys, air traffic controllers and med types could probably make more on the outside).
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