Translation: we need to cut taxes and public services and impoverish civil servants so that my oligarch masters can become even richer.
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Translation: Govt employees are overpaid during their working lives, and after their working lives, and the private sector US employees can no longer fund them.
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In this whole argument two things are left out. 1. These are fellow working Americans. 2.its their money.
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That's because 'unions' are like cancers that feed on, then ultimately... destroy their host!
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I’ve paid into my pension (7% of gross pay) for 29 years...I’m getting my pension! Does someone pay into a 401k, and suddenly it’s gone???
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Yes! Trillions in stock market value - gone. Trillions in retirement savings - gone.
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If California didn't have cars it would have been made forcibly bankrupt 30 years ago.
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Not only are the "defined benefits" outrageous but the administration of the pension plans are outrageously incompetent.
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