Wednesday, June 20, 2012

Walker's Two Big Upcoming Battles

Walker has two large battles remaining.  You can choose which is first on the plate--either resolving the State employee's over-compensation, or resolving the Wisconsin Retirement System's Fantasyland-accounting problem.


Anonymous said...

Overcompensated? Depends which side you prefer to believe in. Biggs and his sidekick from the Heritage Foundation certainly have their own axe to grind, so their study, like the one I cite, will be debated.

Regarding the "accounting problem" in the misleading title to the second link, the author even admits...

"If it seems like Biggs and Marchant are talking past each other, it’s because they appear to be. Biggs, and others, argue the discount rate should reflect future liabilities. Marchant argues the discount rate should reflect how assets are expected to perform.

Expectation, again, has been tricky business, lately.

“'That whole issue has been debated in our profession for quite some time and it’s still a matter of debate,” said Andy Peterson, a pension actuary at the Society of Actuaries. 'It’s not that one’s right and one’s wrong. It’s the PERSPECTIVE.'"

I think the non-partisan Pew Center would have made it specifically known, as well as other outlets over the years, regarding the "sloppy accounting practices" with evidence, which the article significantly lacks to lend support to this assertion.

Perhaps Walker should focus on getting the cops and firefighter unions to pay into their retirement like every other public union. That is the real travesty.

Dad29 said...

Which deficit do you prefer? $60 BN or $56 BN (estimated by Northwestern U.)?

Saint Revolution said...

I will post, once again, for the umpteenth time in ~2 years:

"...View my comment:

Walker NEVER addressed at least four revenue sucking "pig troughs" that should have been and still need to be completely curtailed:

public sector SALARIES are still COMPLETELY OUT OF CONTROL and should be SLASHED by up to as much as 90% ACROSS-THE-BOARD, depending upon the job...NO public sector worker should EVER be making more than ~$35,000.00/year to, AT MOST, ~$40,000.00/year of taxpayer "handouts"; BLOATED PUBLIC SECTOR SALARIES IN ALL AREAS (COPS, FIREMEN, TEACHERS, PUBLIC SECTOR WORKERS, POLITICIANS, ETC.) MUST BE ADDRESSED AND SLASHED ACROSS-THE-BOARD!;

RETIREMENT PERCENTAGES are OUT OF CONTRL; this is the percentage of a public sector worker's salary that they receive in retirement; these percentages were NOT addressed by Walker and MUST be, again, SLASHED ACROSS-THE-BOARD...these civil service parasitic thieves are retiring at more than private sector workers and, in some cases, are pulling down more in retirement than their compatriots whom are still working in "like-kind-and-quality" public sector jobs [and, in other cases, are pulling down more in retirement than they actually made working in their public sector job]; 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 f**king paramilitary out of control cops and firemen were left UNTOUCHED by adjustments to salary, pension, retirement, benefits...NOTHING...these arrogant bastards need to be remunerated according to parity...if they don't like it, take your badge're simply hiding behind it anyways, you fat pigs...there are plenty of people willing to do a RIGHTEOUS job as cop for HALF of what you bastard thieves are stealing from the taxpayers...;

the COMPLETE NEPOTISM in government hiring even unto the local municipal levels...


We do NOT have to lose the LEVEL of local services; all we need to lose, reign in, and curtail is the BLOATED COSTS of those local services...municipal services DO NOT NEED TO COST AS MUCH AS THEY DO.

Municipalities and education boards are our enemies. They will ALWAYS try and find a f**ked up reason to raise property taxes. It is the LOWERING of the costs of services that we need, NOT the raising of levies and taxes.

As in Washington, complete bloated spending at the local levels MUST END!!!

Again, public sector thieves.

Remember...Walker, in the end, is a public sector "salary taker" and eventual public sector retiree himself.

This "conflict of interest" is, at the very least, something to remain cognizant of.

...and I support always, with a perpetual watchful eye...


Peruse other Saint Revolution Dad29 blog comments here.

Anonymous said...

I suggest St. Revolution quit sniffing glue.

Saint Revolution said...

So, AnnYawningVaginaMouth 6/21/2012 8:43 AM:

Is it my understanding you SUPPORT six figure salaries in public sector jobs? If so, why?

Have you EVER EVER researched the REAL money these thieves are stealing from the taxpayers?

Or is this just your liberal devils-advocacy vomit that is splashing all over the floors of Dad29?

You think it is sniffing glue to want my money back in my wallet instead of the Escalades, homes, and boats of the entitled public sector class?

Of course, if YOU are a public sector thief yourself, that would explain away your stink.

Gimme some answers, prick.

Anonymous said...

You must have been in the clink and been repeatedly serviced, because I do not know anyone who has such a vile hatred of public employees, especially cops and firefighters.

Besides, who made YOU the sole judge, jury, and executioner to dictate that the salary of public service employees ought to maxed at 40K?

It will NEVER happen, so why even bother with fantasy.


2.7 Millon Federal Civilian

19.8 Million Local and State

2.3 Active Duty and Reserve Military

Roughly 25 million who work for the government. Average salary is 60,000. Few make over 100,000. A number of federal and state employees have college degrees with specialized skills. So, let's practically bankrupt conservatively half of them tomorrow with your edict that their salaries will be automatically slashed by roughly 25%.

You want a got one.

Anonymous said...

Walker's BIGGEST upcoming battle will be avoiding a lengthy prison sentence.