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    Michael Lewis Article on Public Pensions

    Plain and simple, this has to become another one of the "hot" issues that the bought and paid for candidates in the 2012 election will have to answer to. Maybe I'm off, but I do get the sense that there are a growing number of people who don't fall into this contrived "either/or" camp (i.e...
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    Michael Lewis Article on Public Pensions

    I'll take that one step further. The guaranteed defined benefit style pension enables these individuals to consume/spend more of their present salaries than an individual in the private sector with the same salary. It's been said many times before on these forums just how blatantly outrageous...
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    Michael Lewis Article on Public Pensions

    The Argentina scenario looks more likely by the day doesn't it?
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    Michael Lewis Article on Public Pensions

    If you read the article, the inescapable conclusion is that there is/was no free market to compete against the escalating salaries and guaranteed pension benefits. I mean this is just common sense. The private sector and small business owner knows the realities of the free market and the...
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    We Are The 1%!!!!!!!!

    It's time for some of these colleges to become just as obsolete as the worthless diplomas that they are printing. Just looked the other day, but the handful of private schools I saw were charging $40k-$45k per year in tuition alone. "All in" the cost is probably $60k per year.
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    At some points what bank would want to write 30 year notes.

    A perfect example of how dysfunctional and broken the credit markets have become.
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    We Are The 1%!!!!!!!!

    I actually happen to agree with you on this topic. The idea that EVERYBODY that is disgusted enough with the bullshit of saving the banks at any and all costs is some 20-something liberal "who doesn't want to work" is disingenous to say the least.
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    Michael Lewis Article on Public Pensions

    KingofShits did his usual troll drive-by. Like you said, it can't go on much longer and the whole issue is slowly entering the public, soon to be political stage for debate. Oddly, it's another form of "have's" and "have nots" in an economy with so many municipalities facing impending...
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    Michael Lewis Article on Public Pensions

    Finally, some mainstream in-depth analysis of how the public pension legacy costs are literally the cancer consuming the host. Services are cut across the board to simply pay for the retirees taking in hefty pensions, oftentimes over six figures a year. Meanwhile, to pay for this excess, you...
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    Bank of England to resume QE (money printing)

    They plan only so far as the next election.
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    Property Taxes Gone Berserk

    "So your home lost value, fuck you, pay me". "So you didn't pay off one of my boys to appeal your new assessed values, fuck you, pay me". You get the jist of it.
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    companies: we cant find workers

    Either North or South Dakota.
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    Where are the black people!!!!!!!!!!

    Most intelligent post on this otherwise worthless thread.
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    Did Berneke just endorse the Wall Street protests? Really?

    My take is that he's tired of absorbing the blame (even though he deserves a shit load of it), and would rather put the focus on the incompetence of congress and this current administration. The shit show in August with the debt ceiling has probably frayed his nerves a bit as well.
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    companies: we cant find workers

    Yeah, $8.50 per hour will go real far when these kids get out of college with ten's of thousands in student debt. Shit, they'll be living in the parents basement until they're 40. Like I said, a hopeless situation.
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    Where are the black people!!!!!!!!!!

    Seriously, these articles read like satire. Instead of focussing on the issues behind these rallies, these first rate morons worry about the lack of "diversity" in the crowds. It's completely fucking hopeless. Free Thinker put together his laundry list of how we can right this ship. It's...
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    went long SPY

    So, your "as I was saying" was not to be interpreted as some sort of self-aggrandizing statement? I don't have a dog in this race, so it's not really a big deal to me either way, but I find the whole argument about "we'll be higher by Thanksgiving" as sort of a non-starter if we trade 8-10%...
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    USA: 142 $B debt increase in...2 days

    My point is that the two parties can't even accomplish the smallest of tasks, there is literally no hope that this country can find the 400 some odd individuals who are enlightened enough to actually act in this countries best interests. There isn't a chance in hell that even one of your...
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    USA: 142 $B debt increase in...2 days

    The problem is so massive that neither taxing "the rich" at 100%, nor any rational amount of entitlement cutbacks will solve the problems. We might have had a chance 10 years ago if we started a meaningful debate about how to "fix" these things, but there isn't a rat's chance in hell of doing...
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