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Thread: Report: Nearly Half Of Detroiters Canít Read

  1. #241
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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by Gill View Post
    One last time, then I'm done with you.......... THE REST OF THE WORLD IS DOING FINE WITHOUT A EMPLOYER PAID PENSION.

    Is that simple enough for you to finally understand ????
    No - because "most of the rest of the world" is not doing fine...and it has nothing to do with pensions.

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    Re: Report: Nearly Half Of Detroiters Canít Read

    Mismanaged pensions kill businesses, not properly manage ones. Properly managed ones should operate nearly identical to a 401k, the difference being there is a guaranteed yearly allowance because most of the money is suppose to be invested in nearly guaranteed assets such as gold, low interest rate CDs, bank interest, etc.

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    Re: Report: Nearly Half Of Detroiters Canít Read


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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by The Prof View Post
    Could be the beginning of civil unrest we haven't seen since 1865.

    And to think, some people want to raise taxes and give these idiots even more of our money to mismanage.
    Last edited by Erod; 05-12-11 at 10:59 AM.

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    Re: Report: Nearly Half Of Detroiters Canít Read

    march 1: gao finds HALF TRILLION dollars of waste, "most of it in fiscal years 2009 and 2010 and going forward"

    GAO Finds Massive Waste, Duplication - FoxBusiness.com

    no more money for managers so morose

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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by theplaydrive View Post
    No - because "most of the rest of the world" is not doing fine...and it has nothing to do with pensions.
    Exactly. . . . .

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by Erod View Post
    No, not at all. It's part of your compensation package, and the interest earned is solely the result of the market. Those contributions are made based on a matching percentage, and they are CAPPED at $22,000 per year, most of which is your money, not the matching. Most people put in less than $5K per year, so the matching is only a few dollars.

    Paying people indefinitely that are not contributing at all to their former employers is the death knell for a company. That's what has happened to the auto makers.

    A pension dishes out, in the instance of auto workers, more than $100K every year until the former employee dies, and they often retire at 52 years old. This is unsustainable for a company.
    You're merely speaking of the variance in pensions plans. Some are done individually, without company contributions. Others are done with matching funds. Among those, some contibute more than others. And if a company or the state believes a package is too much, negotiate better. This is how it should be done. No one is forced to sign anything.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by Boo Radley View Post
    And if a company or the state believes a package is too much, negotiate better
    yup, that's what's going on coast to coast, managers like bing and bobb in detroit and the members of the massachusetts state assembly are TEARING UP existing contracts and replacing them with plans severely C-U-T

    good thinking

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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by The Prof View Post
    yup, that's what's going on coast to coast, managers like bing and bobb in detroit and the members of the massachusetts state assembly are TEARING UP existing contracts and replacing them with plans severely C-U-T

    good thinking
    you view that unilateral action as negotiation

    novel; however, your assessment is also wrong
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  10. #250
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    Re: Report: Nearly Half Of Detroiters Canít Read

    Quote Originally Posted by justabubba View Post
    you view that unilateral action as negotiation
    nope, it's reality

    in massachusetts, detroit, new york, california and far, far beyond: austerity is the RAGE

    nothing anyone can do to stop it

    here in america, it's spelled C-U-T-S

    and the C-U-T-S currently coming down are on a scale never before contemplated

    party on, progressives

    be proud

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