Off-Topic: PIGS - The Road Indiscriminately Taken
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Name:
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Yankee06
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Subject:
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PIGS - The Road Indiscriminately Taken
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Date:
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11/28/2010 6:18:57 PM
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-Good insights MAJ RET.
-Reference the situation here at home, ...the stimulous was already a bailout for states. Every state received some stimulous money based on a calculus that I could never figure out.
-Remember when th stimulous was going to create 6 million new jobs? ...then before long, it was only going to create or "save" 3 million jobs. In my opinion it basically "saved" 3 million state government jobs and the retirement programs for state jobs. I'm a big supporter of cops, firefighters, teachers, etc, ..but when retirement contracts call for annual increases of retired pay of 5 and 6% with a lot of these rank and file public servants pulling down $100,00 grand in retirement, something is wrong.
-Now the stimulus monies to cover these salaries and pensions are about to run out , and the states do not have new revenues to pick up where stimulus money stops. What will the administration do? It will want to add new stimulus money. Will the new congress allow that? Will the unions accept anything less?
-For all us politics junkies, it's going to be an interesting year!
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