And that differs from state employee pension plans how?
What?....i thought we were talking about the Elderly paying their dues.......your going to have to explain what you are asking.....what i said up there refers to Federal,State County, City,General Moters,GE,Boing.....wherever.....you worked the time,paid whatever into it IN GOOD FAITH.....you deserve what you were led to believe you would get when you Retire....if you feel it has to be changed....then change it with the new hires....not the people who have worked half their lives there.....
What I'm saying is that the two are comparable.
Seniors have not put enough aside to pay for their medicare. The unfunded liability of Medicare may be as high as $50 trillion.
Likewise, state employees have not set aside enough for their retirement, except by the most extreme forecasts, the unfunded liability is about $3 trillion.
Yet, the Tea Party focuses on the unfunded liabilities of the state employees. They don't focus as much on the unfunded liabilities of medicare. Why? Because the Tea Party skews older, many of whom are recipients of medicare. Instead, the chant platitudes such as "We paid into it," or "We paid our dues." Well, how's that any different from state employees? State employees paid into the pension plans as well, either directly or indirectly through deferred compensation. But the Tea Party wants state employees to pay more into their pension plans - or get less. They aren't as vocal about seniors paying more or getting less. They are applying a double standard because it affects
them. Yet the unfunded liabilities of state employees pales compared to that of medicare.
I'm not passing a moral judgment. I'm just pointing out the contradiction which is rife throughout American politics at the moment. People want others to pay, but they don't want to pay themselves for the benefits they are receiving. It's not only Tea Party supporters doing that. Most Americans are. It's just that on this issue, its pretty blatant.