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View Diary: 60 Minutes joins austerity bandwagon (204 comments)

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  •  There is a structural fiscal problem at the (0+ / 0-)

    state level and it is in large part due to the outsize and unsustainable pension benefits of the public service employees.  I am a working person that does not have a pension though I have worked for 30 years.  Would I like one to supplement my expected social security and very modest 401k?  Not if it meant bankrupting the state and making my community unsustainable I wouldn't.

    The pension system for public employees MUST be reformed (i.e. reduced benefits) for if it is not we will all go down with the ship.

    There is OF COURSE a tax fairness element to this problem (coroporations and the wealthy MUST PAY MORE in teaxes), but the strucutral imbalance can not be fixed without reducing the generosity of public service employee pensions.

    No quarter. No surrender.

    by hegemony57 on Mon Dec 20, 2010 at 04:04:19 PM PST

    •  Wait a minute (0+ / 0-)

      Because you have no benefits, no one else should have them? I don't get that logic. FreeRepublic and RedState are that way------>, btw.

      Where are all the jobs, Boenher?

      by Dirtandiron on Tue Dec 21, 2010 at 07:46:00 AM PST

      [ Parent ]

      •  That's not what I said. What I said was (0+ / 0-)

        that we (as a nation) are faced with a broad problem of unsustainability when it comes to our fiscal house.  And that the problem can only be addressed by working on both the revenue and the spending side of the ledger.  I am all for sustainable pensions for everyone, but think that the gross inequality; 1) between high wage earners, the middle class, the working poor and the unemployed poor, 2) between those with rich pensions and those with poor or no pensions, 3) between the non-working wealthy and working people, 4) between elites and also rans, that has developed in this nation is unjust and a recipe for widespread suffering and social choas.

        Corporations and wealthy individuals (including the working affluent) must pay a dissproportionate share to address the problem, but if you look at the data there is no way to tax or redistribute enough wealth to support the incredibly generous pension benefits of many (not all) public service employees including police, firefighters, teachers and others.

        No quarter. No surrender.

        by hegemony57 on Tue Dec 21, 2010 at 02:25:36 PM PST

        [ Parent ]

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