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Thread: Teachers unions cash in at expense of food stamp recipients

  1. #21
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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by MaggieD View Post
    I don't understand what you mean by this. $73K in your pension? If that's all that's divided up to pay you yearly, something is wrong. There should be an online link to your pension calculator. Send me there. (With no personal information. That's not what I mean.)
    It's the money in my retirement account. 73,000 dollars. Whe I retire, it will be divided into monthy payments to cover a number of years. I won't be rich.

    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: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by MaggieD View Post
    Here comes the sacred cow again.
    you should have more self respect; do not refer to yourself as a bovine in the future
    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

  3. #23
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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by Boo Radley View Post
    It's the money in my retirement account. 73,000 dollars. Whe I retire, it will be divided into monthy payments to cover a number of years. I won't be rich.
    Boo, no offense? But you've got the worst public pension in the United States of America, if that's true.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by MaggieD View Post
    Boo, no offense? But you've got the worst public pension in the United States of America, if that's true.
    It's true, and I'm in better shape than some. We lost a lot of money during the recession and stock market slides. Our money is invested. Unlikely that I'll get back to where I might have been.

    But, this is part of my point. You're looking at one small area and not nationally. I haven't found a national average on pensions, but I doubt it will meet what you suggest. But I'll keep looking.

    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: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by Boo Radley View Post
    It's true, and I'm in better shape than some. We lost a lot of money during the recession and stock market slides. Our money is invested. Unlikely that I'll get back to where I might have been.

    But, this is part of my point. You're looking at one small area and not nationally. I haven't found a national average on pensions, but I doubt it will meet what you suggest. But I'll keep looking.
    If your pension lost a lot of money i nthe market slide, you are not on a public pension. Public pensions are guaranteed regardless of investment performance.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  6. #26
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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by Boo Radley View Post
    Teachers, fireman and police don't feel the effects of reality? Seriously?
    Not the broad economic reality the rest of us have to face.
    I've had to deal with shorter work hours with reductions in pay and no guaranteed golden parachute retirement.

    Yea, they are out of the mainstream when it comes to compensation.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by Harry Guerrilla View Post
    Not the broad economic reality the rest of us have to face.
    I've had to deal with shorter work hours with reductions in pay and no guaranteed golden parachute retirement.

    Yea, they are out of the mainstream when it comes to compensation.
    so, you were too unqualified for one of those high-paying teacher, fireman or police positions?!
    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

  8. #28
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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by justabubba View Post
    the 'misery loves company' reply of the envious
    so, having insufficient teachers to educate the next generation in a globally competitive environment is ok with you
    Envious, nah.
    Resentful you bet, the inferior education that is provided isn't worth what it costs.

    Don't worry, we're already on a path to lose our educational competitiveness as it is.

    Quote Originally Posted by justabubba View Post
    as is not having enough firemen on call to respond to those emergencies
    and since no one worries about crime during an economic downturn, in your estimation, eliminating a sizable portion of the police force is an excellent idea
    ready - post - think ... not the correct order to express oneself and still be found credible
    No, I'm realistic.
    When people borrow money in my name to save bloated employment sectors.
    I call foul.
    Save your fear mongering.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by justabubba View Post
    so, you were too unqualified for one of those high-paying teacher, fireman or police positions?!
    Yea I don't want to go to school for "teaching" and police/firefighting isn't my thing.
    I'm attempting to go to school for something that matters.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Teachers unions cash in at expense of food stamp recipients

    Quote Originally Posted by MaggieD View Post
    If your pension lost a lot of money i nthe market slide, you are not on a public pension. Public pensions are guaranteed regardless of investment performance.
    It is a public pension. I work for a state school and this is the state pension fund. We pay into and the State matches funds. It is invested in the market (someone thought that was a good idea). The fund is not doing well:

    In 2008, IPERS showed a portfolio worth $22 billion. Today the portfolio value hovers around $18 billion.

    Iowa House Republicans » IPERS Net Worth Down 18 Percent

    GENERAL INFORMATION

    1. IPERS Trust Fund lost about $4.4 billion last year.

    2. IPERS experienced a negative net return of about -16.27% during FY 2009.

    School Administrators of Iowa - IPERS

    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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