quote:

NEW YORK (Money Magazine) -- The jig is up. For years, politicians have been playing what amounts to a multi-trillion-dollar shell game with state and local pensions. They've doled out lush retiree benefits to their heavily unionized workforces, knowing that they could shove the cost for those benefits onto future generations of taxpayers.

quote:

Originally posted by I_M_Qwerty:
Fat Pensions Spell Doom for Many Cities

quote:

NEW YORK (Money Magazine) -- The jig is up. For years, politicians have been playing what amounts to a multi-trillion-dollar shell game with state and local pensions. They've doled out lush retiree benefits to their heavily unionized workforces, knowing that they could shove the cost for those benefits onto future generations of taxpayers.

quote:

Originally posted by SSGDuke53:

quote:

Originally posted by I_M_Qwerty:
Fat Pensions Spell Doom for Many Cities

quote:

NEW YORK (Money Magazine) -- The jig is up. For years, politicians have been playing what amounts to a multi-trillion-dollar shell game with state and local pensions. They've doled out lush retiree benefits to their heavily unionized workforces, knowing that they could shove the cost for those benefits onto future generations of taxpayers.

Welcome to the People's Socialist Republic of Kalifornia Comrade! At the rate of business, LEAGAL Immigrants and U.S. Citizen leaving my corrupt State within ten years it will become a 3rd world independent Country! I hope you are happy Sacramento for contributing the downfall of our state and the beginning decline of our once proud nation!!!

quote:

Originally posted by SLDO:
For Sunliner:

Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone.
If your time to you
Is worth savin'
Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'.

Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won't come again
And don't speak too soon
For the wheel's still in spin
And there's no tellin' who
That it's namin'.
For the loser now
Will be later to win
For the times they are a-changin'.

Come senators, congressmen
Please heed the call
Don't stand in the doorway
Don't block up the hall
For he that gets hurt
Will be he who has stalled
There's a battle outside
And it is ragin'.
It'll soon shake your windows
And rattle your walls
For the times they are a-changin'.

Come mothers and fathers
Throughout the land
And don't criticize
What you can't understand
Your sons and your daughters
Are beyond your command
Your old road is
Rapidly agin'.
Please get out of the new one
If you can't lend your hand
For the times they are a-changin'.

The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'.
And the first one now
Will later be last
For the times they are a-changin'.

quote:

Originally posted by SgtSchaeffersMom:
Its just like the airlines, . . . it isn't fuel prices that bankrupts them, its the unfunded pensions.

AND, in the past, when cities had trouble, they could borrow from the state. Well, guess what? The states can't help them anymore because they're almost bankrupt themselves.

The other problem, citizens want MORE and MORE, but want to be taxed LESS and LESS. Its just crazy.

When I worked for a local school district, every time the contracts came up for renegotiation, it always amazed me that the unions never, ever gave up anything. I remember thinking to myself, . . . what happens when the bill comes due???

Welcome to reality Vallejo, . . . and you are only the first of many to come.

quote:

The other problem, citizens want MORE and MORE, but want to be taxed LESS and LESS. Its just crazy.

quote:

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

quote:

Originally posted by rm444:

quote:

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

They will make it up on the weighing of the bags.No worries.
Fly heavy, pay more.
They should make people over 200 pounds pay more and people under 65 pounds pay less.
Yeah, that's the ticket.

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by rm444:

quote:

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

They will make it up on the weighing of the bags.No worries.
Fly heavy, pay more.
They should make people over 200 pounds pay more and people under 65 pounds pay less.
Yeah, that's the ticket.

I'm an aircraft mechanic and I won't fly in civil airliners anymore AND if you knew the caliber of maintenance being performed and by whom, you wouldn't either...
Respectfully, SUNLINER81

quote:

Originally posted by rm444:

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by rm444:

quote:

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

They will make it up on the weighing of the bags.No worries.
Fly heavy, pay more.
They should make people over 200 pounds pay more and people under 65 pounds pay less.
Yeah, that's the ticket.

I'm an aircraft mechanic and I won't fly in civil airliners anymore AND if you knew the caliber of maintenance being performed and by whom, you wouldn't either...
Respectfully, SUNLINER81

I haven't flown in years, Sunshine.
Nor do I intend to.

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by SgtSchaeffersMom:
Its just like the airlines, . . . it isn't fuel prices that bankrupts them, its the unfunded pensions.

AND, in the past, when cities had trouble, they could borrow from the state. Well, guess what? The states can't help them anymore because they're almost bankrupt themselves.

The other problem, citizens want MORE and MORE, but want to be taxed LESS and LESS. Its just crazy.

When I worked for a local school district, every time the contracts came up for renegotiation, it always amazed me that the unions never, ever gave up anything. I remember thinking to myself, . . . what happens when the bill comes due???

Welcome to reality Vallejo, . . . and you are only the first of many to come.

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by rm444:

quote:

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

They will make it up on the weighing of the bags.No worries.
Fly heavy, pay more.
They should make people over 200 pounds pay more and people under 65 pounds pay less.
Yeah, that's the ticket.

I'm an aircraft mechanic and I won't fly in civil airliners anymore AND if you knew the caliber of maintenance being performed and by whom, you wouldn't either...
Respectfully, SUNLINER81

quote:

Originally posted by SgtSchaeffersMom:

quote:

Originally posted by SUNLINER81:

quote:

Originally posted by SgtSchaeffersMom:
Its just like the airlines, . . . it isn't fuel prices that bankrupts them, its the unfunded pensions.

AND, in the past, when cities had trouble, they could borrow from the state. Well, guess what? The states can't help them anymore because they're almost bankrupt themselves.

The other problem, citizens want MORE and MORE, but want to be taxed LESS and LESS. Its just crazy.

When I worked for a local school district, every time the contracts came up for renegotiation, it always amazed me that the unions never, ever gave up anything. I remember thinking to myself, . . . what happens when the bill comes due???

Welcome to reality Vallejo, . . . and you are only the first of many to come.

Disagree on the airlines, IT IS THE FUEL PRICES!...
Respectfully, SUNLINER81

I didn't explain myself well. . . I was referring to when the old airlines companies started getting into trouble a few years ago. . . it was the unfunded pensions and a huge cohort of new retirees that put them over the edge then. . . they never recovered completely before these high fuel prices showed up.

So, my point is that if they weren't already in dire straits, they could make adjustments for the high price of fuel . . . but as it is now all they can do is quit giving away free peanuts. They have nothing left to cut.