Tax-eating .gov retirees are soon to join the rest of their countrymen in the deep end of the pool, and they do not like that one bit.Mish gives the sitrep; read it all, along with the embedded links.
Odds on a pension bailout, anyone?
It's only another three trillion dollars.
Will those at the top voluntarily reduce their $500,000 to $1 million (or $10 million) plus perks plus bonuses annually to help out?
ReplyDeleteDid I make you laugh?
One can hardly blame the "little people" for wanting a little piece of what the top dogs are getting with minimal effort. The few at the top of they pyramid had it planned this way all along. From loyal producer to government dependent.
What is being done to the US and world economies, I believe, is meant to bring the whole thing down.
ReplyDeleteMy military retirement and health care have been taking hits for a while. When everything crashes, it will be gone along with all of the other plans, gov't or not.
Lots of pain ahead, and many will want to share their pain.
I am SO glad that I never worked in the public sector. My pension is not set in concrete, but it held with a big company who should be around for some time to come. No $Trillion deficit there. But I will detest to the utmost sacrificing the little that I get, so that people with public sector jobs will still get the indecent benefits they demand.
ReplyDeleteSo much for sucking at the government tit!