Have Politicians, Bankers, and Doctors Priced Themselves Out of a Job???
April 02, 2010
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Mayor Antonio Villaraigosa once organized for a teacher's union here, and later ran a branch of the American Federation of Government Employees. That makes him an unlikely advocate for cutting the benefits of the city's workers.
But with the city facing a budget deficit that could drain its reserves by summer, Mayor Villaraigosa wants to re-open contract talks with 45,000 cops, firefighters, librarians and other city employees in hopes of persuading them to contribute more to their pensions and health-care costs. His deputy chief of staff, Matt Szabo, puts it bluntly: "Unions have priced themselves out of a job."
http://online.wsj.com/article/SB20001424052748704059004575127991641216702.html
As you are now learning....over 50,000,000 Americans consisting of most government workers, health care workers, Wall Street financed, and financial services workers get paychecks simply because they or their employers can borrow from our Pension Funds at near zero percent interest while the private economy must pay much higher rates if they are even able to get credit at all.
Basically America is being divided between the Private Sector which is in a depression and Wall Street and Wahington booming because they are borrowing from our retirement accounts for practically free and paying savers almost nothing for the privelege.
Americans are finally waking up as frustration is becoming palpable with formation of misguided groups like the Tea Parties. In the end, we will all find out that this was one big engineered Ponzi Scheme of borrowing from our retirement accounts to employ a special segment of the population with wonderful salaries and benefit packages.
It is only a matter of time before our retirement savings runs out................................................
If you really think about it, right now the primary source of new employment in America is hiring people to count other people.....now that is change we can believe in;)
Pres. US would go Bankrupt Without Health Care Changes
Mr. President...the U.S. would be bankrupt if it wasn't draining our pension funds dry!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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