Monday, June 21, 2010
State Pensions Struggling
The following states are cutting pensions. See Link. They are [1] running out of money, [2] have no money [3] are going to ask new hires for higher contributions or [4] raise the retirement age.
Arizona. California. Colorado. Illinois. Mississippi. Missouri. New Jersey. New York.
Is your state next. No. The question is how soon before your state comes up short. When that happens,
[1] will Big "Sugar Daddy" Government bail them out through higher taxes from every source imaginable.
[2] or will the Democrats just grab all pension funds and "redistribute the wealth" as advertised. That is, take your money to bail out retiring government and union job holders.
http://finance.yahoo.com/focus-retirement/article/109867/in-budget-crisis-states-take-aim-at-pension-costs?mod=fidelity-livingretirement
Is this the Change that we can believe in. No, of course not. This is all the fault of Bush 43.
How long is that line going to be used by Democrats and their puppets in the media before all but the FAR left 20 per cent of the people figure it out.
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