Mace1647545504
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Everything posted by Mace1647545504
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It's really coming together..congrats
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How did the system screw them? It was the union and the company. Have both sell off assets and fund the pension as it should have been.
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I found this amazing..here is part of where the "covid" money went..thank the dems for moving on this.. This is an op-ed article: https://www.marketwatch.com/story/the-hopeful-news-for-social-security-buried-in-the-1-9-trillion-bailout-11614912469?siteid=yhoof2 Nobody’s noticed, but there may be a glimmer of hope for Social Security in the gigantic “rescue” package currently going through Congress. Lawmakers have moved to include in the bill an unrelated $86 billion bailout for bankrupt union pension plans. And once they’ve done that, it’s going to be even harder for them to argue that they shouldn’t bail out the stricken Social Security trust fund that is actually their responsibility. Social Security’s deficit: $16.8 trillion, or about $50,000 for every person in America. On the other hand, if Congress tries to weasel out of fully funding Social Security in a few years’ time, this rescue of private sector union pensions is going to look like an outrage. I write about retirement and I am (within reason) generally going to fight for retirees and future retirees. So I confess I’m glad elderly members of these “multiemployer” union plans aren’t going to the wall. Call me a bleeding heart. Even with the bailout, many members will be looking at pension cuts. But this bailout is hard to justify on any grounds other than compassion—or, perhaps more accurately, “politics masquerading as compassion.” These are private-sector plans. Clearly the members—the workers and their employers — paid in too little over the years. Sure, there were external factors. But everyone has to deal with external factors in handling their retirement. These are union plans. One of the biggest unions involves is the International Brotherhood of Teamsters. (And before anyone attacks me for casting aspersions on the Teamsters, or their past history involving pension funds, my mom was a member of the Teamsters in the days of Jimmy Hoffa.) I spoke to John Murphy, the vice president at large of the International Brotherhood of Teamsters. He defended the rescue of these multiemployer union pension plans. He said a society should be measured by how it treats the sick and the elderly. Fair enough. He flatly denied that the plans were in trouble because of any mismanagement attributable to the unions, saying anyone making that claim “doesn’t know what they are talking about.” He also said during our conversation that the $86 billion rescue was the result of five years’ hard and intense “lobbying”—his word, not mine—on Capitol Hill by the Teamsters and other unions. There is plenty of blame to go around for the crisis at these pension funds. Blame the employers who paid in too little, banked too many dividends, then filed for bankruptcy when times got hard. Blame the unions, who sold their members promises that couldn’t be met. Blame the government-owned Pension Benefit Guaranty Corporation, for charging these plans too little over the years in annual premiums. (Even today, the PBGC charges multiemployer plans just $31 per member per year.) Oh, and blame Congress and state governments, for not intervening years ago. To bail out these plans, we the taxpayers are writing a check to the PBGC, which insures these pension plans. But the PBGC was never supposed to be supported by taxpayers. Says the 1974 law that created it: The “United States is not liable for any obligation or liability incurred by the corporation.” Oops. The PBGC is supposed to be self-funding, through premiums raised from member plans. Its liabilities are not our liabilities. This isn’t our bill. Very few of the taxpayers paying for this rescue are lucky enough to have defined-benefit plans at all. We’re all on “defined contribution” plans. If our 401(k)s and IRAs leave us underfunded in retirement, nobody is going to bail us out. Charles Blahous, an expert at George Mason University’s libertarian-leaning Mercatus Center, tells MarketWatch the bailout is not merely “irresponsible,” but “scandalous.” He accuses companies and unions of using accounting gimmicks to hide the problems for years, and warns that the new law won’t force them to stop, either. Given this, it’s going to be a much bigger scandal if Congress shafts Social Security beneficiaries harder than it does members of these union pensions. It would be ludicrous to hope that shame or embarrassment would constrain most politicians. But right now Social Security beneficiaries could be looking at a 25% benefit cut in just over a decade. Joe Biden ran on a platform of protecting benefits, and actually raising them for many. When the time comes for Congress to address the matter, they’d better give us the same terms as the unions, or we’re going to want to know the reason why.
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While watching the news I got a good laugh...as the reporter was talking about the covid over-spend bill she called president biden...president obiden..Freudian slip ??
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This whole cuomo thing is tiring...he's not going to resign..trump didn't resign..bill didn't resign..I wish the news would just stop it
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pearl is a great color..i an an old 02 escalade and when cleaned up looks nice..but what Tim does is religious to a vehicle
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There's a place on 62 between GC and harrisburg, CMT mower repair. I don't know if they do chainsaws but it can't hurt to ask. I've used them for my mowers and they seem fair and competent (614) 875-5830
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really..I'm surprised by that as I would think their insurance co would have a shlt fit But thanks for the info
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Thanks guys. What days and times were you thinking? I would guess being in GC you 2 are about equidistant from me. Thanks again
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I want to get pics of the underside of my M. I'd be willing to pay for the use Thanks in advance mace
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I saw where a whisky collection went for 6.3 million euro
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I had my 69 roadrunner stolen, it's like a tyson punch to the gut. Hopefully you get it back soon in 1 piece.
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pm sent
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Well let's see if it draws the same ire as when trump did it..I remember the dems crying how he just loved killing brown people.
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2021 Genesis GV80 - Tiger Woods' crash
Mace1647545504 replied to zeitgeist57's topic in Passing Lane
they said there was a 'black box' in it and would look at the data -
So a funny story about wt101. The wife always drinks rum chata with either jack fire or cr. So I gave her a neat of the 101, she said it's not bad but wanted to do her mix. So I mixed it for her, she waited a few minutes, takes a drink and screams.."it's like snot" What?? ..she said it's thick like snot and poured it down the drain. I laughed my azz off and told her to stick with the other stuff or don't mix it.
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Saw this on reddit and see what you think
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I might know of a 938 with a laser if your interested...tell me and I'll check
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Do you think the housing market is going to cool off soon?
Mace1647545504 replied to Johny Utah's topic in Dumpster
I keep waiting for the bubble to burst. I told the wife I'd like to sell and move into an apartment for a year or 2 just to see what happens. I'm wondering if the prices will come down even then. We looked at downsizing as we are now empty nesters but prices are stupid -
I was just reading about this yesterday on yahoo and they are now saying cnn has proof that they didn't kill the officer but yes they did injure a few of them.
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Then term limits of 2 election cycles..you must then sit out 2 cycles then you can run again. If you were that good you will get reelected
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Kerry i agree and disagree. Yes , gerrymandering is a problem that need to be addressed, but term limits need to be implemented. What's good for one district may not be good for the country, so as far as your example, just because I hear my constituents and get them what they want again may not be good for th entire country. Like spock said "needs of the many outweigh the needs of the few". Pelosi and McConnell have been there WAAAAAYYYYYYYY too long. It's all about power
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So I'm seeing a lot of posts son reddit about old elk....what say you in the know?? The reason I ask is the kroger at 665 a nice supply of it Thanks mace
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I've said this for years !!!!!!! Like this covid bill...20 percent is actual covid relief and 10 percent to the people..soooo full of pork
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WOW...I see why you don't want them involved