Morons like you are so tiresome. You lie; you are too ******* stupid to understand basic economics; you can never respond substantively to anything anyone posts. She was, by any objective measure, a miserable failure the one time she held the position of chief executive. Do you have any knowledge of what happened at HP when she was there and after she left? No. She came prepared with one or two sentence zingers at Clinton and Obama and, for folks like you who are not capable of thinking in sentences too long to fit on a bumper sticker, that is "Presidential." The funny thing is she knows how silly and empty those remarks are but she also understands how incredibly stupid folks like you are and appeals to that utter stupidity.
yawn; you need a tissue i see; butthurt loser that you are. people that run cities and states tottering on the verge of insolvency should avoid even offering an opinion on basic economics you sad Progressive clown. i dont need to respend substantively to people who arent posting anything of substance, but only THINK they are. that is also you clown; more self-impressed and full of your own idiotic narrative than anything.
I don't run anything but my small business and it is doing just fine. As for states on the brink of ruin, are you referring to Kansas? Or, perhaps, Wisconsin? New Jersey? How is Wisconsin doing compared to its democratic run neighbor, Minnesota?
you are such a boring regurgitator of talking points
the Kansas budget shortfall is bout $200 million
one liberal CITY, obama's chicago, has a $19.5 BILLION dollar pension fund disaster on its hands
you're simply a clown
So, you do not know the difference between an annual budget and a pension fund? Why do you think public pension funds have been in trouble? Because the governments have not met their obligations to fund them. They took money that was owed to workers and used it for other things. If a private company did that with their employee pension funds they would be in prison. But you want to blame the victims of the mismanagement of these funds on those people who simply trusted their employer when they were told " you give us 35 years of your life; you go out on the streets and risk your life for us as a cop, a firefighter, a paramedic, and we will fund your pension."
who took the money and misappropriated it?
i cant hear you
In Kansas, the Governor did. Took pension monies to close his budget hole.
The state will reduce its contribution to KPERS, the stateās pension system, by $40.7 million by dropping the employer contribution rate to 9.5 percent from 12.1 percent.
That move wonāt affect the pensions of current retirees. But it could mean that the state wonāt be able to pay all it owes in pensions in the future. It has an unfunded pension liability of $7.4 billion, which was projected to go down to zero over 20 years.
Brownback had repeatedly highlighted during his re-election campaign the stateās efforts to shore up its pension system under his administration.
The pension cut, which does not require legislative approval, rankled the Senateās top Democrat and one of its top Republicans.
āBrownback is unilaterally reneging on a compromise he touted,ā said Senate Minority Leader Anthony Hensley, D-Topeka. He noted that public employees are still set to see their contributions to KPERS increase by 1 percentage point come January.
Senate Vice President Jeff King, R-Independence, a conservative who rarely sides with Hensley on policy issues, blasted the governorās plan.
āBasically, I think that all 290,000 of the KPERS-eligible workers and retirees in the state should be deeply disappointed by the actions taken by Gov. Brownback,ā said King, who chairs the joint committee on pensions and benefits. āOver the last four years, weāve become a model for pension reform in Kansas ... and by raiding the KPERS fund today, Gov. Brownbackās threatening to undo all the hard-fought work weāve done in the last few years.ā
Ernie Claudel, vice chairman of the Kansas Coalition of Public Retirees, called the move astounding.
āItās just starting the underfunding cycle all over again,ā Claudel said. āObviously, the employees canāt say, āwell, because you guys arenāt keeping your promise weāre not going to keep ours.ā ... They donāt have that option.ā
Read more here:
Brownback moves money from highway fund cuts pension spending to deal with 279M budget shortfall The Wichita Eagle