2016 Postmortem
Related: About this forumUS faces 'disastrous' $3.4tn pension funding hole - What is BS solution ?
The US public pension system has developed a $3.4tn funding hole that will pile pressure on cities and states to cut spending or raise taxes
So my question to the BS supporters are. How will your candidate handle the issue ?
By revoking international trade deals, increasing wages hence losing jobs to automation/robots, end all military funding, and ban fracking, making US dependent of oil import from UAE nations ?
Marrah_G
(28,581 posts)TheBlackAdder
(28,209 posts).
No peer-review research, no conversation with the Candidate's Communications Director, but on a board of hacks?
Am I the only one who sees the irony of this?
.
Cheese Sandwich
(9,086 posts)think
(11,641 posts)factfinder_77
(841 posts)http://www.newyorker.com/business/currency/hillary-clinton-gets-bernie-sanders-doesnt-wall-street
Hillary Clinton's Wall Street reform plan will include a tax on high-frequency trading
http://uk.businessinsider.com/r-clintons-wall-street-reform-plan-to-include-tax-on-high-frequency-trading-2015-10?r=US&IR=T
think
(11,641 posts)You know. Like the one you are requesting Bernie supporters to provide.
factfinder_77
(841 posts)RiverLover
(7,830 posts)http://time.com/4261276/military-budget/
Invest in the US, & our pension-funding.
hobbit709
(41,694 posts)in the first place. Businesses and governments who filled these funds with IOUs instead of actual money.
Renew Deal
(81,861 posts)Trust Buster
(7,299 posts)kristopher
(29,798 posts)What specifically is/are the problem/problems?
What is/are the cause/causes of this/these problem/problems?
If you want to have a policy discussion, then you have to include something related to policy.
Trust Buster
(7,299 posts)kristopher
(29,798 posts)If you are going to ask for a policy discussion you need to say a hell of a lot more than "underfunded pensions".
Trust Buster
(7,299 posts)kristopher
(29,798 posts)Take a hike.
Trust Buster
(7,299 posts)and under-funding, your "take a hike" comment aside.
kristopher
(29,798 posts)tau·tol·o·gy
tôˈtäləjē/
noun
the saying of the same thing twice in different words, generally considered to be a fault of style (e.g., they arrived one after the other in succession ).
synonyms: pleonasm, repetition, reiteration, redundancy, superfluity, duplication
"avoid such tautology as "let's all work together, everyone, as a team" by saying simply "let's work together""
We're done.
Trust Buster
(7,299 posts)My Good Babushka
(2,710 posts)That's just a weasel word for when you don't want to keep your promises, and also make it seem like it's sort of the fault of the people who trusted you in the first place.
Trust Buster
(7,299 posts)Now that that same Baby Boom generation is descending the other side of the hill, public resources are under huge strain. It's a reality that we just can't wish away. The whole world is dealing with there own Baby Boom or aging demographic phenomenon.
angrychair
(8,702 posts)That is a very "moderate centrist" catch-phrase you are using there.
You do realize that is code for "sorry you pension and you are getting fucked. Don't worry, the company managing the fund is still going to take in millions of dollars in guaranteed fees while you get pennies on the dollar".
I am sure you will tell me "compromises have to be made. Moderate centrist concessions that will allow some to still get some of their pension for a couple of years but the reality is we just can't afford it anymore but if you would please start putting money into this 401k please and we promise a decent retirement....as long as you don't touch it and work till your 75...but if you work until 80, well then..." FUCK THAT.
factfinder_77
(841 posts)" states and local governments contribute 7.3 per cent of revenues to public pension plans, but this would need to increase to an average of 17.5 per cent of revenues to stop any further rises in the funding gap, the research said."
Several cities and states, including California, Illinois, New Jersey, Chicago and Austin, would need to put at least 20 per cent of their revenues into their pension plans to prevent a rise in their deficits, while Nevada would have to contribute almost 40 per cent.
think
(11,641 posts)kristopher
(29,798 posts)Make a clear analysis of what specific problem you think the Federal Government has a role in fixing and then we can see what might be possible.
You appear to just be flinging feces.
factfinder_77
(841 posts)To quote Lawrence Summers: professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and an economic adviser to President Obama from 2009 through 2010.
"
One substantial part of what is behind the resistance is a lack of knowledge. Everyone who loses a job because a factory moves abroad knows it; many who lose their jobs for local reasons blame globalization. But no one thanks international trade for the fact that their paycheck buys twice as much in clothes, toys and other goods as it otherwise would "
The core of the revolt against global integration, though, is not ignorance. It is a sense unfortunately not wholly unwarranted that it is a project being carried out by elites for elites, with little consideration for the interests of ordinary people. They see the globalization agenda as being set by large companies that successfully play one country against another. They read the revelations in the Panama Papers and conclude that globalization offers a fortunate few opportunities to avoid taxes and regulations that are not available to everyone else. And they see the kind of disintegration that accompanies global integration as local communities suffer when major employers lose out to foreign competitors.
https://www.washingtonpost.com/opinions/whats-behind-the-revolt-against-global-integration/2016/04/10/b4c09cb6-fdbb-11e5-80e4-c381214de1a3_story.html
99Forever
(14,524 posts)But don't even mention Clinton?
Troll much?
Trash thread and poster. Bye bye.
Gwhittey
(1,377 posts)Before posting a obvious toll post.
Hiraeth
(4,805 posts)which will mean more people paying into the pension funds. For a start
ViseGrip
(3,133 posts)reddread
(6,896 posts)we will be rolling in money.
beedle
(1,235 posts)1) Properly fund it - that's it.
There was no 'over promising', there was lots of stealing from it by government and business to pay for other things.
The workers did their part, now business and government must step up and fix the problem THEY caused (or be forced to do so if they are reluctant to do the right thing.)
Old Codger
(4,205 posts)Another troll and another ignore..
pdsimdars
(6,007 posts)You do that and then maybe you have a right to ask about Bernie's plan.
Not very creative with your nonsense today? Guess it's just too early on a Monday to expect better.
factfinder_77
(841 posts)azurnoir
(45,850 posts)and it is up to state and municipal governments to solve their own problems
http://www.ft.com/intl/cms/s/0/c9966bea-fcd8-11e5-b5f5-070dca6d0a0d.html#axzz45WutQE6u
ieoeja
(9,748 posts)The largest city in the county where I grew up has a population of 2500 people. There is no way that city could have ever afforded a modern sewage facility. But they have one. Because the United States paid for it. That small town received federal grants year in and year out.
That was the norm in this country for almost 50 years during which the United States went from a second world country to the premier world power.
Nor was that limited to small towns. The big cities and even the states got large block grants routinely. So while White Flight took a lot of money out of the cities, federal income taxes partially mitigated that problem.
But those wealthy suburbanites hated African-Americans. And I can tell you from personal experience, they pretty much hated rural Whites as well. So when Reagan came along, slashed their taxes and shifted the burden for paying things from federal to local ... the suburbanites were thrilled.
The problem should be a Federal problem. Stashing wealth in local conclaves is not much different than stashing wealth overseas. Either way, the money is not available where it is needed.
redstateblues
(10,565 posts)think
(11,641 posts)The banks don't care who they steal from.
Trajan
(19,089 posts)Welcome to DU ... Now begone ...
Avalux
(35,015 posts)That's my solution - if you want to know Bernie's, the information is out there. Go read it.