Sense on Cents

While many clubs in our nation continue to suffer from declining membership rolls, there is one “club” experiencing explosive growth. What makes the entrance into this club so special is the ability of the members to curry favor with those controlling the purse strings. Smell a little funny? Just a little? See the real entrance into this club is effectively a circuitous system of ‘payoffs’ and ‘kickbacks’ with the ultimate costs borne by average American citizens.

What club is this? 

Sense on Cents designates this California’s $100,000 Club and we get to take a harder look at the growth of this exclusive enclave thanks to the Sacramento Bee, which highlights Six-Figure Pensions Growing Fast,

While California’s $100,000 Club gains the greatest degree of attention, rest assured that there are similar clubs and organizations in each and every state in our union.

What do you think about these clubs? Me thinks that my children and your children are being stuck with bills and burdens which are inherently un-American. I am all for fair and equitable treatment of those who have provided real public service. I have little interest in providing massive lifelong payoffs to those who gamed the system and the politicians who benefited in the process.

Let’s shut these clubs down, throw out the bums who cut these deals, and renegotiate the terms by which they opened in the first place!!

Larry Doyle

Sense on Cents Related Commentary
Sense on Cents/California

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

This entry was posted on Thursday, June 2nd, 2011 at 8:15 AM and is filed under General, pension obligations. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.