Friday, February 24, 2017

PENSION COLLAPSE, DISASTER & GREECE


LOCAL, MUNICIPAL, STATE, FEDERAL, GOVERNMENT UNIONS, AFL-CIA/SEIU, slaughter their own constituents, along with OUR STATE apparatus.

As I have said many times over, THEY do right wing ideologue Grove Norquist's work FOR HIM!
He could NOT do it any better by himself!

Altho nominal government SERVICE workers, a majority, not entirely, being public education, a MAJOR conflict of interest and DIRECT COLLISION COURSE exists BECAUSE THEIR UNION PENSION FUNDS INVESTED FOR THEM IN SPECULATIVE PRIVATE CAPITAL, STOCK MARKET, exotic flavored HEDGE FUNDS, derivative tools, ETC.

UNLIKE private employees, however, government pensions, including professional career POLITICIANS, civil servants, receive TAXPAYER GUARANTEES, so, IF their pension funds LOSE money, the STATE, i.e., taxpayers, become LIABLE for THOSE losses, contracts.

The PENSION LIABILITY, DEBT LOAD, in MOST every LOCAL government system, of which numerous exist, in this country being ENORMOUS--MANY, MANY, BILLIONS, much greater than income received.

Remember WHERE this money is/was invested in the first place.

The same STOCK MARKET GAMBLING CASINO AND PRIVATE CAPITAL INVESTMENTS AS THE TOO BIG TO FAIL NAZI LINEAGE CRIMES AGAINST HUMANITY CROWD ALSO RECEIVING ENDLESS AMOUNTS OF TAXPAYER SUBSIDIES, PRINTED FIAT MONEY, from THEIR PRIVATELY OWNED FEDERAL RESERVE IN THE FORM OF QE, STIMULUS, ETC.

A money-go-round system.

But, of course, according to the world of born again oxymoron Democratic Socialist Bernie Sanders, 
"WE DO NOT DO THAT HERE," i.e., NATIONALIZE INDUSTRIES, PRODUCTION, MANUFACTURE, ENERGY, NATURAL RESOURCES so everyone can simply eliminate ANY possible CONTROL, income, jobs, RATIONALIZED economic planning, JUSTICE, PROSECUTION, LIQUIDATIONS of their/those assets, etc.

Above options being OFF THE TABLE, ELIMINATED, NOT FOR ACTIONABLE DISCUSSION, TACTICS, STRATEGY, CONSIDERATION.

So, returning to our current dysfunctional STATE PENSION, DEBT, LIABILITY, system.
IT MUST BE CHALLENGED, CHANGED, REPUDIATED, AS CURRENTLY IT EXISTS!

Solutions DO exist IF one acknowledges problems in the first place, but, rest assured, our unions DO, AND, WILL, NOT acknowledge ANY responsibility or PROBLEM of their OWN making.

On the contrary.

They simply dig and entrench themselves in ever deeper, ALWAYS denying ANY culpability, instead, saying it is a sinister Republican plot to destroy government and union busting, which WILL become a self-fulfilling prophecy because ECONOMIC DETERMINANTS WILL destroy both unions and government services, creating an economic rational for PRIVATIZATION!

It represents a fundamental, basic, elementary, MATH problem! 

The legislators simply say, which is true, they have NO money to pay ANY further government services, including public education, BECAUSE they are too busy trying to finance, service, PENSION liabilities, DEBT!

(More DEBT ALSO created by local Government borrowing more PRIVATE CAPITAL to manufacture income so they can kick the can down the road.)

(This relates ALSO to PRIVATE HEALTH CARE with Oboomacare thru Federal/State MEDICAID financing, but, that's just another nail or issue in a proverbial coffin.)

Well, that debt and this system MUST CHANGE, otherwise, it will change FOR THEM JUSTIFIABLY in ways they, and we, will NOT like at all!

A fundamental economic collision course and crisis exists in the making and NOBODY here cares to challenge it, except, of course, the legislators whom they ADMONISH.

Their current pension liability, debt, BANKRUPTCY, MUST be re-negotiated, honored, and, PERHAPS, merely as ONE POSSIBLE suggestion, collapsed into a one time credit into our Federal SOCIAL SECURITY SYSTEM, with a reasonable, proportional, write down of debt and benefits and INCREASE in the PROPORTIONAL Social Security payment system.

Or, maybe they can just print more money like they did for QE, STIMULUS??

We have an always threatened STATE quasi-pension system called SOCIAL SECURITY into which EVERYONE pays SOME money and EVERYONE gets back SOME money and NONE of it has anything to do with the expansion of PRIVATE CAPITAL.
The problem being Social Security is limited, capped, and, competes with PRIVATE CAPITAL!

THIS IS THE SYSTEM THAT MUST BE FORTIFIED, EXPANDED, JUST LIKE MEDICARE FOR ALL!

A lot of SPONSORED noise CURRENTLY in the streets for partisan election purposes, made for TV, spurious issues.

But, MANY, real, looming, manufacturing, production, FINANCIAL, job, humanitarian, overseas, military, SYSTEMIC ECONOMIC crises exists just waiting to explode FURTHER in everyone's faces.

And, on THIS NOTE, last, but, not least, have NOT forgotten, amongst other places, GREEK developments.

So, below being a very good video editorial conclusion for today's post:

http://www.keeptalkinggreece.com/2017/02/23/athens-strikes-and-angry-protesters-trying-to-raid-the-health-ministry-videos/




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