A new week of #fiscalcliff talks began with Treasury Secretary Timothy Geithner challenging the GOP to improve on his offer. How do you think this will play out?
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- I do agree there could be pension reform, but only for those future employees, or those that opt to go with a 401K.
The pension today is the pension, it is part of the employment contract between the federal government and the employees. and people are vested in their pensions even if they have not been paid out, so in order to put what they have vested today into a new 401K, we would have to borrow trillions...
Not that I think it is a bad idea, just do not see how it would work without digging us even deeper today ... borrow a lot now or borrow even more later....
As far as the infrastructure being handed over for fed programs -> the state, , I agree, but there is still going to be a substantial cost of running that infrastructure, and even more overhead. We may save at the federal level on BS but gain it all back across 50 states in realized decentralized operational costsDec 7, 2012
- pssst... maybe you missed the reports over the last year.. spending has decreased. or maybe you need someone to explain them to you or read them to you.
Also, some of those businesses have found out that their business has fallen off as a direct result of their reducing headcount due to Obamacare, and they have reversed their strategy.... it failed.
as for making stuff up, yes, I created all the graphs, reports etc and planted them across the internet and paid off all the financial analysts just to make you look like a uninformed dumbass. smfhDec 7, 2012
- The pension changes would have to be in phases. Perhaps those that are vested for small amounts could be bought out and rolled into IRAs. Others would be grandfathered in. I do not think that people that were promised pensions should be cut off.Dec 7, 2012
- When I served in the US Army part of the entrance briefing was that all pay, promotions, benefits for veterans, retirement, etc., were subject to the whims of Congress. The feds have defaulted before and shall in the future, so be it. Nothing can ever be guaranteed on the backs of the taxpayer.Dec 7, 2012
- Yes. That's correct. And things have changed for my dad a number of times.
But I get your point, Once again the federal government can break good faith with men and women that serve in the Armed Forces, but God forbid bureaucrats in DC have their retirements converted to IRAs that they pay into.
BTW, I saw that you had been to Panama. Were you stationed at Ft. Clayton or Ft. Sherman? or were you part of Operation Just Cause?Dec 8, 2012
- In the Carter days,the country repented when they realized he did not know what he was doing.The Dem's have doubled down on Obama and now they are going to faced with their own buyers remorse in a big way.The House republicans are such chumps that they almost voted for a tax increase[thank God for the Tea Party republicans].Not one democrat voted for that bill,and yet the president and Harry Reid are going to blame them for it.They will probably get away with it because we don't have a free press anymore. Maybe after 3 months of the new Obama economy we'll have our own American Spring.Dec 23, 2012