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Thread: Expert with ties to N.J. says if pensions aren't protected, nation will suffer

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    Re: Expert with ties to N.J. says if pensions aren't protected, nation will suffer

    Quote Originally Posted by haymarket View Post
    A perfect solution to a national problem.

    We need a robin hood..and have all the working class follow him..in a couple of weeks we would all be rich and we can tell the teaparty snots to go get real jobs and really earn a living and STOP WHINING

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    Re: Expert with ties to N.J. says if pensions aren't protected, nation will suffer

    Quote Originally Posted by lpast View Post
    He is an unlikely Jeremiah, a funds manager in a pinstripe suit with a résumé that includes a stint as chairman of the Federal Reserve Bank in Richmond, Va. Yet Thomas Mackell Jr. is warning of a future in which the homeless elderly live under bridges and the old and the young engage in “intergenerational warfare” over disappearing jobs.

    Where are the jobs? Sent to China by our dear corporations for a few bucks more. Thanks Alot.

    If something doesn’t happen soon, this country will go the same way as every other empire,” said Mackell. Citing the growing income gap between rich and poor, the deterioration of infrastructure, and, most of all, the problems facing the 77 million aging members of the Baby Boom, the financial funds manager called America’s prospects “abysmal.”

    “What he had to say was pretty frightening,” said Jack Brennan of Hillsdale, chairman of the Association of BellTel Retirees, a group with 112,000 members throughout the country.

    “But his purpose wasn’t to scare us, but rather to energize us into taking action.”

    The action — protecting pension benefits and health care for retirees. “We have to keep fighting for what we fought for years ago,” Brennan said.


    America' working class is waking up to this teaparty assault by the richest americans

    Braun: Expert with ties to N.J. says if pensions aren't protected, nation will suffer | NJ.com
    A few more bucks? You're kidding right? You do realize we easily have the highest corporation tax in the world, not to mention some the most harsh regulations and BS rules in the world. A pair of new Jordan shoes made in the United States generally cost $100, but in China I just purchased two pairs for $82, because of cheaper labor.

    Secondly, public unions shouldn't keep demanding for more pensions and maybe they would get a more reliable guaranteed pensions, like private unions. Just take a look at the graph below, as public unions keep demanding for more in a bad economy, maybe they should follow step to private, who are far more reliable and conservative with money, since it's actually THEIRS

    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
    Libertarian/Conservative/Christian Beliefs

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