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Title: Suburban Residents Risk Losing Homes Over Rising Pension Costs
Source: [None]
URL Source: https://www.zerohedge.com/political ... then-issues-massive-correction
Published: Sep 4, 2021
Author: Tyler Durden
Post Date: 2021-09-04 13:41:44 by Horse
Keywords: None
Views: 122
Comments: 4

Because the cost of generous government retirement packages has grown faster than existing government revenues can sustain, property taxes continue to climb.

Poster Comment:

Twelve years ago a fire dept lieutenant's retirement in Vallejo, Ca. pay was $215,000 a year. More today.

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

Because the cost of generous government retirement packages has grown faster than existing government revenues can sustain, property taxes continue to climb.

That is too facile and stupid for words.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2021-09-04   14:59:09 ET  Reply   Trace   Private Reply  

Twelve years ago a fire dept lieutenant's retirement in Vallejo, Ca. pay was $215,000 a year

I know a guy who was a Chicago Fire Department Captain. He is retired now and living in Lake Station, Indiana.

He had a crush on this girl in High School. She recently lost her husband in Arizona and moved across the country and into the place he lives now. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2021-09-04   19:43:18 ET  Reply   Trace   Private Reply  

the cost of generous government retirement packages has grown faster than existing government revenues can sustain

That is too facile and stupid for words.

Of course it is.

The Federal Reserve will simply pay for the cost of printing more Notes and then loan them to the U.S. Government at face value plus interest.

Since the FED was founded in 1914, depending on which site you look at, the Dollar has lost 92% to 98% of its value.

And you wonder why Andrew Jackson call the banksters a "den of vipers and thieves". ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2021-09-04   19:48:43 ET  Reply   Trace   Private Reply  

I'd be a billionaire if I got paid 1% of what I saved my company by fixing government stupidity.

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2021-09-04   19:55:54 ET  Reply   Trace   Private Reply  

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