Home > Fande = Fact & Evidence, Original Thought, The Economy > To all the idiots out there

To all the idiots out there

What do you mean public employees shouldn’t get a pension? That’s part of the incentive that attracts teachers and police officers to those jobs. You understand that they don’t get Social Security; they get a pension instead, right?

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Read more…

http://www.nytimes.com/2002/03/24/nyregion/noble-change-of-careers-can-be-costly.html?pagewanted=all&src=pm

EXCERPT: “A retired teacher entitled to $400 a month through a civil service pension and a $300-a-month spousal benefit would have received the total amount before the government pension offset was put in place. Under the offset, however, the teacher’s spousal benefit is reduced by two-thirds of his or her pension check (about $267). So the teacher would receive $33 from Social Security. If two-thirds of the pension exceeded $300, the teacher receives nothing. The survivor benefit is subject to the same two-thirds rule.”

http://articles.latimes.com/2010/nov/02/business/la-fi-hiltzik-20101102

EXCERPT: “But her career in public service is going to cost her a chunk of the Social Security she already earned, as well as a portion, and possibly all, of the spousal retirement benefit she would otherwise be due through her husband.”

http://www.nbclosangeles.com/news/local/Ripoff-Social-Security-and-California-Teachers.html

EXCERPT: “Over a million public employees in California who qualify for Social Security –directly or indirectly through their spouses – won’t get the benefits when they retire. They include firefighters, police officers and schoolteachers. Years ago, Congress voted to keep pensioners from double dipping. But the decision wound up penalizing civil servants across the country.”

http://www.rollingstone.com/politics/news/how-wall-street-is-using-the-bailout-to-stage-a-revolution-20090402?print=true

For perspective: Hank Paulson’s Bush-led-government-aided thievery of $200 million…

EXCERPT: “Another culprit was Goldman Sachs, which also had the good fortune, around then, to see its CEO, a bald-headed Frankensteinian goon named Hank Paulson (who received an estimated $200 million tax deferral by joining the government), ascend to Treasury secretary.”

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