It's Okay To Be White

[Nickdfresh]

Pensions... the next financial crisis about to significantly impact the US economy. Specifically public sector pensions for city, county and state employees. Most are completely underfunded and in many cases going upside down. The politicians who failed to enact policies and programs to fund these massive debt holes are long gone and the newly elected officials inheriting the mess have no means of fixing it.

Expect to see a huge wave of bankruptcies, lawsuits and retired people cast into poverty because what was promised to them can not be sustained.

The private sector was smart to get out of the pension business almost 20 years ago and put retirement funding responsibility onto the individual...

Mainly because corporations have managed to shift their tax burden to the middle classes and have absolved themselves of any sort of pension plans by putting the onus on "the individual" with shaky, shitty 401K plans. So now it's acceptable for stupid voters to piss themselves over those 'goddamn state workers and teachers' getting a free ride'. these shortages in the richest empire that ever existed are pretty fucking mindboggling. But hey, "people vote with their pocketbooks"!..

[ZahZoo]

Most corporations haven't paid the full tax rates ever because of massive loopholes, creative accounting or just plain parking money outside of the country. I don't agree that "corporations" shifted any burden anywhere. Congress changed the tax laws... while lowering the rates across the board, the economic stimulus/growth combined with corporate repatriation of parked funds and it is actually bringing more tax revenue into the federal government...

Before anyone screams but the deficit is growing... well Congress, once again, has done nothing to control spending. Plenty of blame on both parties for the deficit... and it is NOT a White House issue. The House of Representatives alone owns/controls the Federal budget...

The Pension situation with those 'goddamn state workers and teachers' getting a free ride' rests solely on the backs of local politicians who promised those unrealistic free rides to get elected without the funding to support paying for them. The people who were elected on those promises are mostly long gone and can't be held accountable once out of office.

This is a real serious crisis brewing and it will impact virtually every major city, county and many state budgets. Sadly the people who will be impacted the worst will be those with the least ability to reenter the workforce they left having reached retirement age. I don't see any Federal bailout saving those folks...

[Nickdfresh]

Most corporations haven't paid the full tax rates ever because of massive loopholes, creative accounting or just plain parking money outside of the country. I don't agree that "corporations" shifted any burden anywhere. Congress changed the tax laws...

Em, "congress" changed tax laws based heavily on being bought off by donors/lobbyists. From? Corporations! yeah, no shift there...

while lowering the rates across the board, the economic stimulus/growth combined with corporate repatriation of parked funds and it is actually bringing more tax revenue into the federal government...

Really? So why is the deficit swelling? Why are Republican's NEVER talking about it like they used too?

And, can you cite anything that actually shows that cutting taxes brings in more revenue?

Before anyone screams but the deficit is growing... well Congress, once again, has done nothing to control spending. Plenty of blame on both parties for the deficit... and it is NOT a White House issue. The House of Representatives alone owns/controls the Federal budget...

Well, they have actually cut the relative pittance of the social welfare state while expanding military expenditures. But before you SCREAM about the deficit, tell me how again that we're bringing in more revenues when we rely more on deficit spending...

The Pension situation with those 'goddamn state workers and teachers' getting a free ride' rests solely on the backs of local politicians who promised those unrealistic free rides to get elected without the funding to support paying for them. The people who were elected on those promises are mostly long gone and can't be held accountable once out of office.

No, it rests on an economic system that ever more drifts more towards the upper 1%. Stagnation of wages, and ever increasing corporate profits and massively bloating salaries of CEO's...

This is a real serious crisis brewing and it will impact virtually every major city, county and many state budgets. Sadly the people who will be impacted the worst will be those with the least ability to reenter the workforce they left having reached retirement age. I don't see any Federal bailout saving those folks...

It was a serious crisis largely precipitated by shitty policies that begin in DC. But maybe you can now explain to me as a resident of NY State why we collectively pay more in Federal taxes than we actually get back? And that the Red States that you live in pay less and get back more?

[ZahZoo]

Take a breath there, Nick... the public sector pension crisis for city, county & state municipalities I'm referring to has nothing to do with Federal taxation and the infamous 1% scenario. Those pension funds are not subject to Federal law funding requirements as Private sector pensions are or most were before corporations shifted away from pensions to 401K's.

City/State politicians legislated and promised outrageous and unsustainable pension commitments to workers. But failed to manage the retirement funds properly and worse failed to adjust the funding or reduce the payout burden when average retiree lifespans rose to 20+ years. The system worked fine in 1970 when the average lifespan was around 70... meaning the average payout duration for someone retiring at 65 was about 5 years.

Now you've got people living into their 80's and collecting in some cases 60-80% of their previous salary and waves of baby-boomers trying to retire... but the pension funds are still paying thousands that should have been dead 10-15 years prior based on the funding models that weren't managed to keep up... Washington didn't fuck this up. In your case, New York state, counties and cities did so... and you and your parents elected the idiots that got you into that mess.

The only explanation I can offer is... your family chose to reside in one of the most over-populated states that generates a lot of taxable income. The nation has always had population concentrations which created distribution imbalances for the greater good of the nation. One of the founding elements of Liberty and free-will is you have the freedom to live where life best suits you and your needs. Maybe New York isn't the best choice..?

[Sgt Schultz]

I'm nearly 100% European DNA. I'm happy being white, it doesn't mean I have to auto-vote for fucking assholes...

On that note, it's funny when white-supremacists don't get anywhere near 100% Euro DNA...

Didn't know you had to be 100% European to be a white supremacist. What are the qualifications and rules for white supremacy?

[Nickdfresh]

Take a breath there, Nick... the public sector pension crisis for city, county & state municipalities I'm referring to has nothing to do with Federal taxation and the infamous 1% scenario. Those pension funds are not subject to Federal law funding requirements as Private sector pensions are or most were before corporations shifted away from pensions to 401K's.

It absolutely does! The burden has been shifted from the federal gov't to local municipalities for decades now, largely because of tax cuts. It's also now more acceptable for this to be an issue because of the mindless transfer to Wall St. of these sorts of portfolios to begin with.

City/State politicians legislated and promised outrageous and unsustainable pension commitments to workers. But failed to manage the retirement funds properly and worse failed to adjust the funding or reduce the payout burden when average retiree lifespans rose to 20+ years. The system worked fine in 1970 when the average lifespan was around 70... meaning the average payout duration for someone retiring at 65 was about 5 years.

They also made foolish investments with the funds, but again were following the cue from the 401 system...

Now you've got people living into their 80's and collecting in some cases 60-80% of their previous salary and waves of baby-boomers trying to retire... but the pension funds are still paying thousands that should have been dead 10-15 years prior based on the funding models that weren't managed to keep up... Washington didn't fuck this up. In your case, New York state, counties and cities did so... and you and your parents elected the idiots that got you into that mess.

The only explanation I can offer is... your family chose to reside in one of the most over-populated states that generates a lot of taxable income. The nation has always had population concentrations which created distribution imbalances for the greater good of the nation. One of the founding elements of Liberty and free-will is you have the freedom to live where life best suits you and your needs. Maybe New York isn't the best choice..?

Well somebody has to generate the welfare for your red states! It's simply a partisan wealth transfer to the minority while we get shfated making the difference up with local and state taxes!

[Nickdfresh]

Didn't know you had to be 100% European to be a white supremacist. What are the qualifications and rules for white supremacy?

No. You have to be an ignorant asshole to be a white supremacist. Genetic testing turning your beliefs in their head would only confirm this.

[FORD]

Apparently the white supremacists have really dropped their standards lately. Their main poster boy is an Orange Imbecile freak who obviously isn't "superior" to any other life form.

[Sgt Schultz]

No. You have to be an ignorant asshole to be a white supremacist.

Oh, like this guy?

[Sgt Schultz]

Apparently the white supremacists have really dropped their standards lately. Their main poster boy is an Orange Imbecile freak who obviously isn't "superior" to any other life form.

[FORD]

No... it really isn't. Orange is not a natural color for human beings. And the only orange people I know of are Trump and John BONER.

Boner might be pro-cannabis now, but he's still pretty much a basket case who bursts into tears without warning any random second.

Orange just ain't healthy... mentally or physically, apparently.

[Sgt Schultz]

No... it really isn't. Orange is not a natural color for human beings. And the only orange people I know of are Trump and John BONER.

Boner might be pro-cannabis now, but he's still pretty much a basket case who bursts into tears without warning any random second.

Orange just ain't healthy... mentally or physically, apparently.

Better orange than red.

[Kristy]

Rich people don’t pay tax.

You’re 51 and you don’t understand the system yet. They have you distracted worrying about who got which crumb from their table.
People voting to lose their healthcare and pensions destroying the planet to give billionaires tax cuts - incredible.

True. Amazon didn't pay a god damn dime in taxes in 2017 and the F A T Orange man only gave them more of a break.


And that motherfucker is whiter than Casper.

[Kristy]

Take a breath there, Nick... the public sector pension crisis for city, county & state municipalities I'm referring to has nothing to do with Federal taxation and the infamous 1% scenario. Those pension funds are not subject to Federal law funding requirements as Private sector pensions are or most were before corporations shifted away from pensions to 401K's.

City/State politicians legislated and promised outrageous and unsustainable pension commitments to workers. But failed to manage the retirement funds properly and worse failed to adjust the funding or reduce the payout burden when average retiree lifespans rose to 20+ years. The system worked fine in 1970 when the average lifespan was around 70... meaning the average payout duration for someone retiring at 65 was about 5 years.

Ha! Once the Rethuglicons gut Social Security (and everybody thought that was safe) just what inthe fuck do you think they are going to go after next? They will not stop there. They will go after 401k's, HSAs and any retirement saving you might have. Don't shit yourself otherwise.

Now you've got people living into their 80's and collecting in some cases 60-80% of their previous salary and waves of baby-boomers trying to retire... but the pension funds are still paying thousands that should have been dead 10-15 years prior based on the funding models that weren't managed to keep up... Washington didn't fuck this up. In your case, New York state, counties and cities did so... and you and your parents elected the idiots that got you into that mess.

Um yeah, they did fuck it up and like I said, the F A T Orange man is coming to gut what remains of it. So..enjoy your god damn Cheerios.

The only explanation I can offer is... your family chose to reside in one of the most over-populated states that generates a lot of taxable income. The nation has always had population concentrations which created distribution imbalances for the greater good of the nation. One of the founding elements of Liberty and free-will is you have the freedom to live where life best suits you and your needs. Maybe New York isn't the best choice..?

Wow. So poverty is a choice depending upon where you live? I know you speak a lot of horseshit but that one takes the Cheerios cake. Just admit you're a pro-F A T Orange man white nationalist/neoliberal Nazi sympathizer.

[Sgt Schultz]

Still White
Still Male
Still Your President