Pensions Begin Imploding in California - You are Going to Get Killed in Retirement

http://inflation.us/
90% of wages till you die will be a thing of the past with the collapse of pensions and hyperinflation

Category:

News & Politics

Tags:

• pensions
• wages
• jobs
• county
• city
• employees
• seiu
• cut
• cutback
• layoffs

[skyding8962]

No guarantees in life. Typical of a liberal wanting to stick it to the taxpayers.

[Melville10]

Did 401Ks and Pensions get hit hard because they were tied into CDOs which were mostly mortgage backed securities????

[weggieish]

How are government workers like payless shoes? They both have millions of loafers.

[marc0987654321]

@Viccotrip And a MARXOFASCIST president can RUIN THIS F"N COUNTRY and get BENEFITS FOR LIFE AND ALL SORTS OF EXPENSES TO WRITE OFF. Unless we are going to impeach the bastard, but even then he probably gets totally taken care of. It's like these major corps paying CEOs extravagant money (ok if they do a great job) - but they dont - and often still get to walk way with like hundreds of millions....

[marc0987654321]

@skyding8962 AGREED 100%. THeir attitude is ALWAYS 'I got mine so SCREW the rest of you' --- doesnt matter if they are an enviornmental libtard, a marxofascist politician, a hippie libtard, an idiot professor, hollyweird sheen type, etc. And you woudn't feel sorry for a rich person because (unless they were a liberal) they would probably not think in terms of entitlements, etc. The UNION mentality of doing less work for more money and then asking for more days off and more bennies....

[draghollow]

@skyding8962 I couldn't agree more. Don't forget that these government workers are all juiced into these soft jobs. the average person can never get one of these jobs without knowing some one.

[Txsray]

Those who created the problem got great pensions and retired.

Now there's not enough money for all the workers and taxpayers who funded it all to retire.

[dynomike1964]

Get a job you fat lazy paranoid pice of shit

[Viccotrip]

My son in law is a city firefighter. He gets around $2800 per month retirement pension (20 yrs) and works full time as a fireman making another approx $2800 per month. His pension is taxpayer funded. On the other hand volunteer firefighters do the exact same job but get NOTHING! I value him but there is a great inequity. And a Congressman can work 4 yrs and get paid full salary for life! What is up with that?

[themredweirdoshow]

@polevaultrockstr You didn't get what I just said about these guys mixing state workers with private sector workers like myself. And no, none of us lost money regarding regular pensions or IRAs. SS is also fine, in fact it's in surplus. Politicians lie about it so they can "fix" it - ie STEAL it to gamble with - but we won't let them.

[polevaultrockstr]

@themredweirdoshow almost everyone started working for the government in high school? Think about what you just said. We are discussing people who work for the state, for which I provide a government page stating that the youngest average age of an entering pensioner is 26 for the CHP and they average around 54 in retirement. That is 26 years, not 50. Every other sectors average age is higher for entering, so they of course have a bit later ending age, but still work around 25-30 years average

[themredweirdoshow]

Point of clarification: the mess with state-related workers and their outsized pension gimmicks is a whole other ball of wax. In fact, lately pundits keep saying that states are just going to declare "political bankrupcy" so they can pay state workers NOTHING. (BTW, the guy in this YT vid seems to be confused between private sector workers and county and state workers, which are all very different.)