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Verizon Still Screwing West Virginia, Even After Leaving State → Re: When Private meets Public

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This is a sub-selection from When Private meets Public

n2jtx join:2001-01-13 Glen Head, NY 1 recommendation	n2jtx to Kommie2 Member 2012-Nov-26 1:23 pm to Kommie2 Re: When Private meets Public said by Kommie2: This is what happens when the state outsources to a private company/enterprise. If they kept it public they could of paid someone 60k to do the same job in WV. Maybe public in WV but if you tried it in New York, it would be more like $200K base plus overtime, kickbacks (NYC), fully paid benefits and a heavily loaded public pension. The fact is anything involving the government whether done with "public" employees or "private" employees, will involve the taxpayers getting screwed for enormous amounts of money with nothing to show for it.
	actions · 2012-Nov-26 1:23 pm ·
CXM_Splicer Looking at the bigger picture Premium Member join:2011-08-11 NYC	CXM_Splicer Premium Member 2012-Nov-26 4:10 pm Hell, at $200k it is still a savings over what we got from letting Verizon give it to someone! Contrary to your statement, there are actually several community broadband projects running successfully with plenty to show for it.
	actions · 2012-Nov-26 4:10 pm ·
n2jtx join:2001-01-13 Glen Head, NY	n2jtx Member 2012-Nov-26 4:24 pm said by CXM_Splicer: Hell, at $200k it is still a savings over what we got from letting Verizon give it to someone! How do you figure? The way pensions are doled out here, we would keep paying that person until they and their family were all deceased. Any initial savings would be more than offset by future payments to the pension system.
	actions · 2012-Nov-26 4:24 pm ·
CXM_Splicer Looking at the bigger picture Premium Member join:2011-08-11 NYC	CXM_Splicer Premium Member 2012-Nov-26 4:36 pm So then why have the pension systems worked fine up until the point where tax revenues took a hit?
	actions · 2012-Nov-26 4:36 pm ·
john_fla join:2002-09-10 Gainesville, FL	john_fla to n2jtx Member 2012-Nov-26 6:04 pm to n2jtx Looks like WVA is geting screwed regardless of the public/private signature!
	actions · 2012-Nov-26 6:04 pm ·
PaulHikeS2 join:2003-03-06 Fitchburg, MA	PaulHikeS2 to CXM_Splicer Member 2012-Nov-27 7:43 am to CXM_Splicer said by CXM_Splicer: So then why have the pension systems worked fine up until the point where tax revenues took a hit? That's just their nature. All Ponzi schemes work fine for a while.
	actions · 2012-Nov-27 7:43 am ·
gower2352 join:2012-11-26 Laurel, MD	gower2352 to john_fla Member 2012-Nov-27 11:59 am to john_fla hahah were always getting screwed lol
	actions · 2012-Nov-27 11:59 am ·
CXM_Splicer Looking at the bigger picture Premium Member join:2011-08-11 NYC 1 recommendation	CXM_Splicer to PaulHikeS2 Premium Member 2012-Nov-27 12:14 pm to PaulHikeS2 said by PaulHikeS2: That's just their nature. All Ponzi schemes work fine for a while. Yes, as Wall St. Is finding out. For pensions to be a Ponzi scheme, the new employees would be paying the pensions of the retirees and would require a constantly increasing number of workers... that doesn't happen. The company (or government) pays the pensions as part of the retirees' salary which has been deferred and numbers of workers (in general and federally) is going down, not up.
	actions · 2012-Nov-27 12:14 pm ·

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This is a sub-selection from When Private meets Public