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This is a sub-selection from When Private meets Public

CXM_Splicer
Looking at the bigger picture
Premium
join:2011-08-11
NYC
kudos:2
reply to n2jtx

Re: When Private meets Public

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.



n2jtx

join:2001-01-13
Glen Head, NY

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.
--
I support the right to keep and arm bears.

CXM_Splicer
Looking at the bigger picture
Premium
join:2011-08-11
NYC
kudos:2

So then why have the pension systems worked fine up until the point where tax revenues took a hit?



PaulHikeS2

join:2003-03-06
Fitchburg, MA
Reviews:
·Comcast

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.
--
Jay: What the @#$% is the internet???

CXM_Splicer
Looking at the bigger picture
Premium
join:2011-08-11
NYC
kudos:2

1 recommendation

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.