Tuesday, March 08, 2011

WI Pension Fund Is OK. But Not Health Fund

Huh. Bill Gates put up a nice interactive map which shows both future pension obligations of the several States--AND future health-care obligations.

You've heard that the Wisconsin pension funding is OK, and it is.

But the health-funding?

Ugh. About 20% of future obligations.

HT: RedStates

9 comments:

steveegg said...

They were expecting PlaceboCare to take care of that (probably in a Logan's Run kind of way).

A few years ago, Oak Creek had a study done of its self-funded retiree health insurance plan, and the unfunded liability was $65 million. Only two elected officials appear to have even been made aware of that pending disaster. One of them lost his bid to become mayor and is no longer in city government; the other is running hellbent for leather to get his self-memorial of a city hall erected before the house of cards collapses around him.

Saint Revolution said...

Every one of these "pigs-at-the-trough" pension fund dollars is either a taxpayer dollar or a financial return off of a taxpayer dollar...all off the "broken financial backs" of Wisconsin

taxpayers.

I WANT MY MONEY BACK! NOW!!!

Don't forget. UNLIKE THE PRIVATE SECTOR, WISCONSIN "PIG" PUBLIC SECTOR WORKERS' PENSIONS ARE GUARANTEED A RETURN IN ANY ONE YEAR! LOOK IT UP! So, if, in any one year, the pension fund doesn't

achieve its financial return goal(s), THE WISCONSIN TAXPAYER MAKES UP THE DIFFERENCE! In other words, we Wisconsin taxpayers are paying into these pension funds through "both the front and back

doors".

When is the last time the private sector worker was guaranteed ANYTHING?!

So why are we paying the fund managers of these public pension funds, WHO ARE STATE WORKERS THEMSELVES, $300,000.00+ per year in salary alone (LOOK IT UP!) if they don't really have to make any one

"goalized return" in any one year based upon the knowledge that the Wisconsin taxpayers will make up the difference?!

WHAT THE HELL ARE WE PAYING AND EMPLOYING THESE FRAUDS FOR?!

Everything...EVERYTHING...EVERY EVERY EVERYTHING IN THE PUBLIC SECTOR CAN BE PRIVATIZED! Cops, firemen, any public sector worker up to and including the governorship...EVERY JOB can be relegated

to competition. Make NO mistake about this. Make NO mistake about this!


My brother has a friend who is an MPS teacher. My brother's friend recently told my brother that he (my brother's friend (MBF)) will be retiring in his early fifties. Remember, the government is

RAISING the age of Social Security retirement for the rest of us private sector "saps"...probably to 70 years old. MBF also told my brother that, because of a union settlement, MBF will be

receiving TWO SEPARATE PENSIONS in retirement. The original pension will come from the State. The second pension was recently negotiated by the union to come from The City Of Milwaukee. Thus,

MBF will be receiving TWO pensions in retirement...from your tax dollars.

My aunt is a former, now retired, Milwaukee cop. I have managed her investments for decades now. She receives THREE separate life insurances from The City Of Milwaukee...because of union contract

settlements. She receives, in retirement, retroactive union contract settlement payments from union contracts from YEARS AGO that are just recently being settled. These retroactive union contract

settlement payments from union contracts from YEARS AGO that are just recently being settled have been tens of thousands of dollars to my aunt.

I have a neighbour who is a cop. He has five kids, a NON-WORKING wife (she works for free right now in the school district...she is hoping to get a school district public sector job...surprise,

surprise!), he owns/drives two very late model Cadillacs, five total cars, a classic car, a two story house worth over $300,000.00, and he and his wife and his kids are all massively

oerweight...all of it (including their fat) paid for by your and my tax dollars.

All these years, public sector negotiations were held behind closed doors between unions and GOVERNMENT WORKERS! School boards, politicians, municipal assemblymen, cops, firemen...all were

negotiating their own FAT pay raises WITH NO CHECKS AND BALANCES IN PLACE FOR THE TAXPAYER...TAXATION WITHOUT REPRESENTATION!


WAKE UP PEOPLE!

Saint Revolution said...

If you "surf" to Walker's and Kleefisch's web site(s), you can read a synopsized biography of Walker and/or Kleefisch. Walker fought as hard as he could in Milwaukee during the pension scandal

but, in the end, his hands were somewhat tied by a MASSIVELY corrupt government. An excerpt from Walker's (and Kleefisch's) web site: "...In 2002, Scott was elected Milwaukee County Executive to

reform the scandal-ridden county government. The scandal rocked Milwaukee County to its core and left taxpayers ON THE HOOK for millions in pension obligations...".

Pension obligations to corrupt "pigs at the trough" that taxpayers are STILL paying for.


NO ONE is talking about the REAL problems...not even Walker...at least not yet. There are two basic massive problems being left totally unaddressed.

#1:
The MASSIVE salaries these public sector "pigs" are taking home. Get off your ass, do your research, look this stuff up. These public sector workers are RAPING the taxpayer in salaries alone.

Pension and retirement input is only half the problem. These salaries need "across the board cuts" of 60% - 90%, depending upon who and what salary.

#2:
THE RETIREMENT PERCENTAGE!!! These public sector "pigs" are retiring on percentages (up to and including 100% of their last salary made) that are NON-EXISTENT in the private sector except for the

Godless corrupt few at the top of corporations who have who sold their Souls long ago...this is another corruption that needs to be addressed...topic for another day.

Remember: You cut the salaries and, even if these "pigs" retain 100% retirement percentage, 100% of $35K or $40K is still only $35K or $40K.


The corrupt cops and firemen also have to be addressed, held accountable, downsized, and "broken" financially as well...like you "break" a horse.



WAKE UP WISCONSIN...GET OFF YOUR APATHETIC ASSES AND STOP THIS ORGANIZED CRIME AND COMPLETE FINANCIAL RAPE. Inform yourself, educate yourself, get involved, get angry, and GET MOVING!!!

Don't forget the penultimate question: WHAT THE HELL HAVE WE GOTTEN BACK FROM THE SYSTEM FOR ALL OF OUR DOLLARS INTO THE SYSTEM?!

Where are the torches, pitchforks, and scythes?!

Frankenstein DOES live...it's called GOVERNMENT!

Anonymous said...

Time to assassinate union members.

Anonymous said...

Dad29 certainly brings in a crowd. I wonder who anony at 9:22 a.m. represents politically? Because, the last time I checked, some dude in Arizona also uttered similar words, took matters into his own hands, and innocent people lost their lives.

Perhaps, Dad29, it's time to take these threats seriously.

I suppose, however, for every sin gone unrepented, another c-note to the till on Sunday to make oneself feel better.

But one cannot wash the blood off their hands with holy water when the knife is still in their hands.

John Foust said...

Lt. Gov. Rebecca Kleefisch will appeal to those who like Sarah Palin but wish she would be a little less intellectual.

Anonymous said...

Wow John, sexist and sophomoric in one comment. I'm impressed that your spreading your range.
David

John Foust said...

Oh, I see! I was talking about two women, so it must be sexist. Compare and contrast with Dad29's routine use of adding "-ette" to the title of any office-holding woman whose policies he doesn't like.

Anonymous said...

David, do you support Dad29 allowing a anony poster to advocate sodomy of his political opponents and assassination of union members? Doesn't that run counter to Christian beliefs?

I certainly didn't see a condemnation on your part. Looks like your guilty, too!