Get ready to throw up

[OPTIONAL777]

The state is broke because the state made poor decisions, and poor money management by fund managers.

Why blame the teachers?

Taxpayers always take a risk. Every dollar spent in any manner is a risk.

Pension funds owned GM and other companies that were thought "safe."

In the 70's, people in bonds lost 50% or more in "safe" investments.

The entire argument against unions and teachers is a red herring.

Quote from Maverick74:

What part of "the state of IL is broke" do you not understand. If this state had a surplus, we could argue over the merits of how much money to allocate to pensions. But when the state is broke and it has to go to the taxpayer (who btw are also broke) and take more of their money so these administrators and teachers can retire millionaires while they will retire with little to nothing, then we have a problem.

BTW, I don't have a problem with someone investing in Berkshire. They could have lost all their money. They took a risk, the taxpayer didn't.

 

[OPTIONAL777]

Back to the "making money" is the highest virtue of a society argument.

...and people wonder why America as an empire is in decline.

Quote from nutmeg:

A Rod is an economic generator.

Pay is not based on what we value as a society.

 

[pspr]

Quote from nutmeg:

A Rod is an economic generator.

Pay is not based on what we value as a society.

Don't even give Optional the courtesy of a reply. His last two arguments are so stupid they are completely indefensible. No wonder I have him on ignore. Unless you like arguing with morons you should do the same.

 

[Maverick74]

Quote from OPTIONAL777:

The state is broke because the state made poor decisions, and poor money management by fund managers.

Why blame the teachers?

You are acting as if I want to pay teachers nothing. I'm saying they should not be retiring as multi-millionaires. And you call me unreasonable.

 

[Lucrum]

Quote from OPTIONAL777:

Why blame the teachers?

It doesn't matter who is at fault the state cannot afford those kinds of salaries or pensions period.

Taxpayers always take a risk. Every dollar spent in any manner is a risk.

What a load of crap

The entire argument against unions and teachers is a red herring.

More bull shit from ET's troll extraordinaire.

Quote from OPTIONAL777:

...and people wonder why America as an empire is in decline.

It's declining, in part, due to fucked up "logic" such as yours.

 

[OPTIONAL777]

Why shouldn't they be retiring with a million dollar pension after 35 years?

Again, if the money was handled properly, a million after 35 years is not as much as you are making it out to be.

http://www.infoplease.com/finance/commentary/feature/feature_100499.html

This attack on teachers, unions, and pensions is a red herring.

Quote from Maverick74:

You are acting as if I want to pay teachers nothing. I'm saying they should not be retiring as multi-millionaires. And you call me unreasonable.

 

[Hello]

How bout for starters because he was contributing to his own pension? Then why dont you add the fact that he also retired after 35years not 25 years And we are only talking about a guy who was responsible enough to do this, not the every day worker.

Not only that, lets say you retire with 1.5 million, in this day and age that entitles you to about 50k per year, in a stable low risk investment. Teachers get 90% wage plus full health and dental for the full family. Meaning they will retire with over 80k+ a year in benefits and salary, and they put nothing into it. Meaning they will basically make twice as much if not more then your example.

Quote from OPTIONAL777:

Why shouldn't they be retiring with a million dollar pension after 35 years?

Again, if the money was handled properly, a million after 35 years is not as much as you are making it out to be.

 

[Maverick74]

Quote from Jimbo2:

Stop swearing at me.

No you are the moron if you don't realize that State and Federal budget is intertwined on one another.

How is it that you forgot that money for both budgets come from pockets of Americans. What is wrong with you. Becoming a mindless robot while the Rome burns so to speak

No, your argument made no sense. You were acting as if by cutting the military budget we would have more money to spend on teachers. The two have nothing to do with each other. Sure, all money in the world is connected via other money. You can use that to connect anything you want. Your argument was pointless. The states are broke and it has nothing to do with the military. Go pour another glass of Kool-Aid.

 

[Maverick74]

Quote from Jimbo2:

OK I'll spell it out for you nice and slow.

Three Americans 1......2........3

They pay taxes.........total of 3 dollars.

2 dollars go to federal budget for military

1 dollar goes to State Budget



----------------------------------------------

If Federal military budget cuts down on 1 dollar

2 dollar will be available for State Budget.

Clear enough for ya kiddo



Dude, it's not zero sum you jackass. What world are you living in?

 

[Spike Trader]

Quote from Jimbo2:

No. it is NEGATIVE SUM

And I told you to stop swearing at me. Just because you have lost your argument because you are stupid doesn't mean you should go violent.

... ...