Msg. 13484 of 47202 (This msg. is a reply to
13471 by
micro1)
Jump:
micro1
...if ya fund pensions as ya go, the cost isn't that bad. It gets bad when ya piss away the pension fund money on frivolous feel good projects and kick the can of paying for it down the road to be somebody else's problem.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
"This is much like a Bernie Madoff scheme, if you ask me," said Dallas mayor Miek Rawling discussing the collapse of the local Dallas Police and Fire Pension Fund. The Dallas pension board wants the city to contribute $1.1. billion in 2018, but to do that, they would have to increase the property tax rate by 130%.
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