"A typical government employee receiving $100,000 per year, retiring at age 50 has, for all intents and purposes, been promised around $4 million dollars if he or she lives to age 90. That’s before cost of living increases and, of course, free health care.
Add it up. One employee is getting somewhere around $6 million as a golden parachute. One educator. One fireman. One toll taker. One lifeguard. How many of you taxpayers have a $6 million retirement fund?"
Team Obama is all about "fairness", but how is making people work till late into to their 60's so 6% of the workforce which happens to be in gov't unions has a pension and healthcare at 50-55 fair? It's totally besides the fact that most states can't afford the pensions and are not paying into the fund at all. Making the postal service pay 100% of the fund, unlike other gov't agencies who don't have to, is basically bankrupting the post office. A few states are not far behind, along with municipalities and school districts(you really don't want to know how underfunded PSERs is btw). Unfunded liabilities are what sank Greece. We know the cause of our demise, yet we choose not to do anything about it. Printing more money and creating new gov't jobs is not the solution. Once the boomers all retire, 87 cents of every tax dollar will go to entitlements. Doesn't leave much for anything else does it.
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