The Wisconsin Retirement System (WRS) just officially verified that those of us in the Core Fund will receive a 2.5-3% cut on May 1.
Those who had their money in the Variable fund will take a 39-45% hit.
PeakOil is You
Pensions on the Skids
Re: Pensions on the Skids
by retiredguy » Sat 10 Jan 2009, 12:35:43
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retiredguy - Tar Sands
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Re: Pensions on the Skids
by ReverseEngineer » Sat 10 Jan 2009, 18:16:44
$this->bbcode_second_pass_quote('Serial_Worrier', 'R')E - you are exceedingly harsh in your assessments. It's true what you say, but couldn't you be a bit nicer about it?
The rich of the world have never shown a whole lot of compassion for the poor, so why am I obligated to show compassion for the rich? I'm not here to be nicer about it. I am here to rain down Hellfire on those I consider GUILTY of generations of enslavement of entire populations and the rape of the natural resources and bounty of the Planet Earth. I cannot even write the true depth of my contempt for these people, its impossible to express in words. I do make my best effort however
Reverse Engineer
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ReverseEngineer - Intermediate Crude
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Re: Pensions on the Skids
by ReverseEngineer » Sat 10 Jan 2009, 18:32:20
$this->bbcode_second_pass_quote('Denny', '
')What a system this pension guaranty board is! Most taxpayers do not have such a thing anymore as a defined benefit pension,. But, it looks like you'll be paying for those who do, or better said, those who did.
')What a system this pension guaranty board is! Most taxpayers do not have such a thing anymore as a defined benefit pension,. But, it looks like you'll be paying for those who do, or better said, those who did.
Don't concern yourself with this problem, it is not something to worry about. Nobody is paying for any of this stuff in monetary terms. The monetary system is already toast, the whole system of Taxation along with the sale of Debt and the creation of money through debt is FUBAR. The Goobermint cannot raise enough money through taxes to pay off all the pension claims, along with all the unemployment claims, along with all the bailouts, along with all the operating costs of every State in the Union when for all intents and purposes there is no one left to tax. Neither can they sell debt of such outrageous proportions to anyone on the international market, nobody has REAL money to buy $2T or more in debt.
You have to get this business of "the Taxpayer will pay for this" in monetary terms OUT of your head. Nobody is paying for this stuff in money. Globally, we will pay for it in blood, in the die off coming from famine, pestilence and war. In the aftermath perhaps a new monetary system emerges, however these debts and obligations will have long since been swept clean off the planet. Everyone who signed those contracts will be dead.
Reverse Engineer
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ReverseEngineer - Intermediate Crude
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