tag:blogger.com,1999:blog-4185740361476149540.post2617020646258671490..comments2024-02-15T00:40:37.565-08:00Comments on The Biz of Life: Wisconsin Teachers Union vs Wisconsin Taxpayers--- Coming to a State Near YouThe Grouchhttp://www.blogger.com/profile/16355057736314451831noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4185740361476149540.post-55305003483454084712011-02-19T10:24:08.794-08:002011-02-19T10:24:08.794-08:00Robert,
Lots of unfulfillable promises have been ...Robert,<br /><br />Lots of unfulfillable promises have been made to public servants about pensions and health care costs in the good times that are going to have to be broken to keep the states and the federal government solvent. This is the beginning of a number of reality checks around the country.<br /><br />Janette,<br /><br />I give up potential retirement savings every hour that I work in the form of taxes to help pay for the pensions of federal and state workers, which on average are a lot sweeter than mine will ever be. Like many folks in the private sector, I will never have a pension and must rely on my own savings, a 401k, and Social Security (if it exists by the time I decide to stop working). The teachers in Wisconsin are not being asked to give up any retirement benefits, but to begin contributing to their own pension like the private sector does with 401ks, and like the private sector to contribute more to cover their medical premiums. The teachers want the taxpayers to continue picking up the tab through higher taxes.<br /><br />Any jobless teachers should pay close attention to Madison, Wisconsin. There could soon be some openings for an average salary of $89K. Not bad for government work.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-21018098083193479822011-02-19T09:13:45.291-08:002011-02-19T09:13:45.291-08:00Would you give up a part of your retirement saving...Would you give up a part of your retirement savings in order to pay someone else? That is what is being asked of teachers. They paid into the system- just as private people paid into their 401K.<br />AARP was founded by a person who found a retired teacher living in a chicken coup because salaries were so low and there were no state pension plans for teachers.Janettehttps://www.blogger.com/profile/10054888725603183006noreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-3860028637476365362011-02-19T08:54:33.273-08:002011-02-19T08:54:33.273-08:00It just amazes me that as smart as we are and with...It just amazes me that as smart as we are and with all of the advances we made we cannot manage our finances. When times are good we spend to the hilt, make ridiculous promises we know we can't keep and are unwilling to fund and that we know will be problems down the road. And we elect the people who promise us the moon and put the burden knowingly on our children.<br />Maybe Watson should be our Chief Finance Officer because humans cannot control it.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.com