Comments on: “There Are No More Paper Clips to Cut” http://www.senseoncents.com/2009/07/there-are-no-more-paper-clips-to-cut/ Navigating the Economic Landscape Wed, 10 Mar 2010 01:06:29 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Aaron kramer http://www.senseoncents.com/2009/07/there-are-no-more-paper-clips-to-cut/comment-page-1/#comment-3243 Aaron kramer Wed, 15 Jul 2009 01:28:35 +0000 http://www.senseoncents.com/?p=7635#comment-3243 I just read that Gov. Rendell of PA just enacted a program that allows state employees to borrow 15K at 0% in order to make it through the budget battle. God forbid he actually try and solve the problem directly and pass a budget, just dig in and villanize the republicans. Not that the republicans won't do the same. There is no political will to do anything that will improve society if their is a political cost, until there is a crisis and then they just jam through inadequate change. http://www.earthtimes.org/articles/show/governor-rendell-announces-loan-programs,878095.shtml?FORM=ZZNR5 I just read that Gov. Rendell of PA just enacted a program that allows state employees to borrow 15K at 0% in order to make it through the budget battle. God forbid he actually try and solve the problem directly and pass a budget, just dig in and villanize the republicans. Not that the republicans won’t do the same. There is no political will to do anything that will improve society if their is a political cost, until there is a crisis and then they just jam through inadequate change.

http://www.earthtimes.org/articles/show/governor-rendell-announces-loan-programs,878095.shtml?FORM=ZZNR5

]]> By: Bull http://www.senseoncents.com/2009/07/there-are-no-more-paper-clips-to-cut/comment-page-1/#comment-3241 Bull Tue, 14 Jul 2009 23:20:31 +0000 http://www.senseoncents.com/?p=7635#comment-3241 There is simply zero justification for private sector taxpayers to fund MUCH richer pensions and retiree benefits that afforded them through their employment. What ... are private sector employees expected to work until age 70 so that civil servants can retire at 55 ??? I think NOT ! There is simply zero justification for private sector taxpayers to fund MUCH richer pensions and retiree benefits that afforded them through their employment.

What … are private sector employees expected to work until age 70 so that civil servants can retire at 55 ???

I think NOT !

]]> By: ed http://www.senseoncents.com/2009/07/there-are-no-more-paper-clips-to-cut/comment-page-1/#comment-3239 ed Tue, 14 Jul 2009 23:11:46 +0000 http://www.senseoncents.com/?p=7635#comment-3239 The choices needed will never be made by any politician. The declining economy will necessitate the reduction in pensions through bankrupcy courts. There is no other way around union contracts and even supposed constitutional guarantees. The further declines coming to the stock markets will be the nail in the coffin that is needed to fix these problems once and for all. Its not fair, but it is reality. Promises are broken every day by companies, so what is the difference if government does it? The choices needed will never be made by any politician. The declining economy will necessitate the reduction in pensions through bankrupcy courts. There is no other way around union contracts and even supposed constitutional guarantees. The further declines coming to the stock markets will be the nail in the coffin that is needed to fix these problems once and for all. Its not fair, but it is reality. Promises are broken every day by companies, so what is the difference if government does it?

]]> By: Aaron kramer http://www.senseoncents.com/2009/07/there-are-no-more-paper-clips-to-cut/comment-page-1/#comment-3210 Aaron kramer Mon, 13 Jul 2009 22:19:59 +0000 http://www.senseoncents.com/?p=7635#comment-3210 Larry you are speaking my language with this subject. There is no doubt that the real issue for all levels of government is the "PENSION BILL." My mother is going to retire shortly and I have told her to expect that her pension will be cut by 20-50% over the coming years. The truth is that the baby boomers have spent outrageous amounts of money and given themselves gold plated retirement plans to boot. Fortunately for us they no longer represent the majority of voters in America. Larry you are speaking my language with this subject. There is no doubt that the real issue for all levels of government is the “PENSION BILL.” My mother is going to retire shortly and I have told her to expect that her pension will be cut by 20-50% over the coming years. The truth is that the baby boomers have spent outrageous amounts of money and given themselves gold plated retirement plans to boot. Fortunately for us they no longer represent the majority of voters in America.

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