Why don't the public care about long-term solvency?

Re state unions. Very possible the consequences of fewer worker dollars to support pension liability ponzi (this is not a biggie though, shortfalls can be increased through taxes). I think the union leaders are looking at a loss in dollars for campaign contributions.
 
Quote from dtan1e:

because no one trust those who are in charge anymore
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Bingo.

Plus the average American is way more concerned with their smartphone, facebook account, etc. You know, the "important" stuff.
 
Quote from Ghost of Cutten:

It seems like the public sector and a large part of the private sector would rather get paid more now at the cost of long-run national bankruptcy, than to get paid a bit less now and allow their country to remain solvent. Does anyone know why this is? It seems a strange policy to follow, since it makes the public far worse off in the long-run.

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Its the same reason people do not want to save money to buy that big screen TV next year. They want it all NOW, so they put it on their credit card and figure they will pay later.

For some reason people think its cheaper to pay $40 per month for 5 years for that HDTV, than pay $1,400 cash right now. I dont know...maybe $1,400 sounds like ALOT of money and $40 is something they can live without. They dont realize they are paying nearly twice as much over 5 years.
 
The answer is simple Grasshopper, but Queen said it best.

Adventure seeker on an empty street,
Just an alley creeper, light on his feet
A young fighter screaming, with no time for doubt
With the pain and anger can't see a way out,
It ain't much I'm asking, I heard him say,
Gotta find me a future move out of my way,
I want it all, I want it all, I want it all, and I want it now,
I want it all, I want it all, I want it all, and I want it now,

Listen all you people, come gather round
I gotta get me a game plan, gotta shake you to the ground
Just give me what I know is mine,
People do you hear me, just give me the sign,
It ain't much I'm asking, if you want the truth
Here's to the future for the dreams of youth,
I want it all, I want it all, I want it all, and I want it now,
I want it all, I want it all, I want it all, and I want it now,

I'm a man with a one track mind,
So much to do in one life time (people do you hear me)
Not a man for compromise and where's and why's and living lies
So I'm living it all, yes I'm living it all,
And I'm giving it all, and I'm giving it all,
It ain't much I'm asking, if you want the truth,
Here's to the future, hear the cry of youth,
I want it all, I want it all, I want it all, and I want it now,
I want it all, I want it all, I want it all, and I want it now
 
Quote from Ghost of Cutten:

It seems like the public sector and a large part of the private sector would rather get paid more now at the cost of long-run national bankruptcy, than to get paid a bit less now and allow their country to remain solvent. Does anyone know why this is? It seems a strange policy to follow, since it makes the public far worse off in the long-run.

It reminds me a bit of the 1930s, where the public preferred to have weak armies and risk conquest by the Nazis in a few years, rather than spend a bit more so they would be easily able to defend themselves against the inevitable. Is there any logical reason for this kind of near-suicidal behaviour?
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Competition. Its not all its cracked up to be.
 
Because "public" don't feel like footing the bill for crooked Republican politicians (and their wars), Wall Street bullshit and all the thieves that run the money system. Public want to see the current system self destroy itself.

People have been self-reliant for thousands of years and can do without Wall Street, budgets, taxes, etc. Time to get rid of the parasites.
 
First take away the percentage of the public that either has no skin in the game (no assets, savings etc), pays no taxes, and/or is actively receiving transfer payments from the government. Then take away the percentage who simply do not have the intelligence to understand how economics and politics interact and how the monetary system works. Then take away those who understand the problem but are rooting for it to fall apart so it can be replaced by their vision of utopia (socialism, greenism, yeoman farmers bartering with gold, the rapture, etc). Finally take away those who think "it can't happen here" and how much of the public is actually left?
 
Quote from dcvtss:

First take away the percentage of the public that either has no skin in the game (no assets, savings etc), pays no taxes, and/or is actively receiving transfer payments from the government. Then take away the percentage who simply do not have the intelligence to understand how economics and politics interact and how the monetary system works. Then take away those who understand the problem but are rooting for it to fall apart so it can be replaced by their vision of utopia (socialism, greenism, yeoman farmers bartering with gold, the rapture, etc). Finally take away those who think "it can't happen here" and how much of the public is actually left?
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You just did away with 70% of Elite Trader!:D
 
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