speaking of pensions

[Danzig]

i just feel that the whole case will end up opening a huge can of worms. if pensions are guaranteed, how can they be put up for discussion? why aren't they considered as part of a debt that can be up for negotiation? how 'guaranteed' is it? and why is it off limits, while other creditors are left holding the bag?
this issue has been coming for years with interest rates free falling, and is a perfect illustration of what happens when those in charge do nothing when they know a problem is coming down the pike. they probably thought it would just need a minor 'tweak'.

[dellinger63]

Originally Posted by Danzig

i just feel that the whole case will end up opening a huge can of worms. if pensions are guaranteed, how can they be put up for discussion? why aren't they considered as part of a debt that can be up for negotiation? how 'guaranteed' is it? and why is it off limits, while other creditors are left holding the bag?
this issue has been coming for years with interest rates free falling, and is a perfect illustration of what happens when those in charge do nothing when they know a problem is coming down the pike. they probably thought it would just need a minor 'tweak'.

Do we want to burden our great grand-children or settle this now?

[Danzig]

Originally Posted by dellinger63

Do we want to burden our great grand-children or settle this now?

well, judging by the way things have been going, it looks like our great grands are screwed. well, then again, maybe it's their great grands? it's the american way evidently.

[dellinger63]

Originally Posted by Danzig

well, judging by the way things have been going, it looks like our great grands are screwed. well, then again, maybe it's their great grands? it's the american way evidently.

yea well maybe we can get off our lazy asses and settle this for them. Public sector pensions are what they are. Nothing's guaranteed at least when you argue in court. As I've said in many cases it's a RICO case where the politicians, unions and pension fund managers have fraudulently ripped off the taxpayers.