AND THE TAXPAYERS HAVE NOT HAD IT YET? WILL YOUR TOWN OR STATE RESORT TO BANKRUPTCY?
What follows below are two recent articles from Fox News and Forbes Magazine. They highlight the inequities in the public pension system. The question from TNBTP is, "has the taxpayer had it yet?" If they have not had it yet, when will they have had it. Future generations will be paying through the nose to support public employee pensions, but also mandated entitlements. If the ordinary taxpayer has it bad now when working 4 or 5 months to pay his taxes, just think when the future taxpayer will have to work 9 months a year to pay for them. The only question we have at TNBTP is when will the revolution start in earnest?
700 NYC Teachers Are Paid to Do Nothing according to Fox News. http://www.foxnews.com/story/0,2933,528780,00.html Because their union contract makes it extremely difficult to fire them, the teachers have been banished by the school system to its "rubber rooms" Because the teachers collect their full salaries of $70,000 or more, the city of New York Department of Education estimates the practice costs the taxpayers $65 million a year. The department blames union rules."It is extremely difficult to fire a tenured teacher because of the protections afforded to them in their contract,"
From the February 16, 2009 edition of Forbes. "GILT- EDGED PENSIONS". From New York City's employees average compensation has risen 63% since 2000 to $107,000 a year. New Jersey teaching veterans receive $80,000 to $100,000 for ten months' work, In California prison guards can sock away $300,000 a year with overtime pay. New York City socked away $20,000 per employee last year for pension benefits. Since 2000 its pension funding bill has risen ninefold to $5.6 billion in 2008. That is more than the city spends on transport, health care, parks, libraries, museum and the City University of New York combined. These benefits are so sacrosanct, and such a source of union power, that labor bosses have turned them into third rail for NYC politician-touching them is suicide. That goes for the benefits not only of existing workers but future ones as well.
700 NYC Teachers Are Paid to Do Nothing according to Fox News. http://www.foxnews.com/story/0,2933,528780,00.html Because their union contract makes it extremely difficult to fire them, the teachers have been banished by the school system to its "rubber rooms" Because the teachers collect their full salaries of $70,000 or more, the city of New York Department of Education estimates the practice costs the taxpayers $65 million a year. The department blames union rules."It is extremely difficult to fire a tenured teacher because of the protections afforded to them in their contract,"
From the February 16, 2009 edition of Forbes. "GILT- EDGED PENSIONS". From New York City's employees average compensation has risen 63% since 2000 to $107,000 a year. New Jersey teaching veterans receive $80,000 to $100,000 for ten months' work, In California prison guards can sock away $300,000 a year with overtime pay. New York City socked away $20,000 per employee last year for pension benefits. Since 2000 its pension funding bill has risen ninefold to $5.6 billion in 2008. That is more than the city spends on transport, health care, parks, libraries, museum and the City University of New York combined. These benefits are so sacrosanct, and such a source of union power, that labor bosses have turned them into third rail for NYC politician-touching them is suicide. That goes for the benefits not only of existing workers but future ones as well. - WHEN CITY HALL GOES BUST. The last straw for the finances of Vallejo came early year when 18 cops and firefighters unexpectedly retired early. Under their contracts the city of 120,000 was immediately forced to pay them a total of $3.4 million. Already straining under an unpaid $219 million tab for pensions and health care. The city did something that may soon sound all too familiar; it wen bankrupt. When government employees lobby for lavish pensions, its typically under the notion that once granted the benefits can never be cut.
Posted by THENEWBOSTONTEAPARTY at 6/24/2009 8:50 AM 
Categories: uncategorized
Tags: POLITICS REVOLUTION SOCIALISM
Categories: uncategorized
Tags: POLITICS REVOLUTION SOCIALISM
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