Obama, Mich. in talks to free up $100M for Detroit

[merrylander]

Originally Posted by MikeG22

If pension funds are run correctly the tax payer shouldn't be on the hook for anything. Pensions like other retirement plans have an employee and employer contribution. Well when the employer is basically bankrupt they haven't held up their end.

I've noticed you still skate around the fact that a $100M bailout of a pension system employees earned is nothing compared to the $700B in the bailout of your banking idols who did nothing to earn it. I guess to people like you a 26% cut in income would have no effect on you.

Even so pension funds are normally required by law to be fully funded as of that datin accordance with actuarial calculations, obviously Detroit's was not. Thankfully the laws back home are quite clear and my pension is fully funded.

[finnbow]

Originally Posted by merrylander

Even so pension funds are normally required by law to be fully funded as of that datin accordance with actuarial calculations, obviously Detroit's was not. Thankfully the laws back home are quite clear and my pension is fully funded.

While there may be some laws in this regard, I don't think they apply to the public sector. Mayor and governors would never sign anything that would prevent them from passing off costs into the future.

[Rajoo]

Originally Posted by finnbow

I disagree. He is actually as stupid as it seems.

Stupid enough to routinely insult you directly even when unprovoked? So why acknowledge his presence or his very existence?

[finnbow]

Originally Posted by BeamOn

Stupid enough to routinely insult you directly even when unprovoked? So why acknowledge his presence or his very existence?

Good question. I guess I'm deceiving myself that the dolt can actually learn something.

[BlueStreak]

Did somebody say something?

[merrylander]

Yeah Dave Finn is ever the optimist.

[Boreas]

Originally Posted by finnbow

Good question. I guess I'm deceiving myself that the dolt can actually learn something.

Whether he can or not is, I suppose, an open question but it's abundantly clear that he will not. The only reason I can think of to respond to Tar Baby is that it in some way amuses you to poke at him.

John

[finnbow]

Originally Posted by Boreas

Whether he can or not is, I suppose, an open question but it's abundantly clear that he will not. The only reason I can think of to respond to Tar Baby is that it in some way amuses you to poke at him.

John

Guilty as charged.

[Rajoo]

As long as you don't plan to become Facebook friends with -13, I will overlook your indiscretion.
Just this once.

[4-2-7]

A pretty ignorant bunch thinking bailing out cities is fair to the tax payers. All that will do is provide more for the thefts you put into power.

Looky Looky what's in the news today.

Ex-Calif. city manager gets 12 years for corruption.
Robert Rizzo, the former city manager of Bell, Calif., listens in Los Angeles County Superior Court on April 16, 2014, before being sentenced to 12 years in prison and ordered to make restitution of $8.8 million for a corruption scheme that nearly bankrupted the small, blue-collar city. / Al Seib, Los Angeles Times, via AP



http://www.wisconsinrapidstribune.co...rticle/7788143

Fat Ass Democratic Slob

Eight Dems Arrested in Bell, CA 'Corruption on Steroids' - Not a Single Mention of Party Affiliation From Media

Read more: http://newsbusters.org/blogs/lachlan...#ixzz2z611ce00