Expect arguments like this
to crop up in future discussions on changing WRS.
Kewl! But why on earth go to a county in Texas for your strawman?
And how in heck did you find that?
Don't leftists hate all things 'southern' anyway? Did I just answer my last question? lol.
Notice the creative math used to justify pension "reform".
Very boring use of italics
. Might I also suggest you use bold
and of course, end your schpiel with the infamous exclamation points (!!!!). Ya'll seem way to edumacated to just use ALL CAPS. Them be for them rednecks.
...nearly all financial economists argue that the discount rate should be based on a virtually risk-free rate of return, such as the yield on U.S. Treasury bonds, which is currently around 3 percent.
So, are you in favor of the fixed payout? (defined benefit for wonks).
You clearly know nothing about finance, so I'll try to help another leftist out here by personalizing it (they are into nothing but themselves anyway).
If you give me 100/month to invest for you in ya'lls proclaimed evil wall street for your retirement, can I tell you that I can't guarantee a monthly payout for you after 65?
Will you be mad?
Will you be confused?
If the stock market (union investments) goes up and down in their "evil profit" returns to investors (unions), you want the defined benefit (fixed payout) at your retirement?
OK, I can do that for ya brah and here's how:
1. I'll overcharge you six ways to china, but in a free market of investing (the "rich), your retirement fund managers ("institutional investors) will ditch me in 1 minute.
2. I'll just tell you your retirement returns cannot be guaranteed (fixed payouts) and you'll have to figure out some other suckers to fill in that gap.
And that's where ya'll organized to rape the taxpayers to fund ya'll lavish defined benefit payout retirement. Oh, and we haven't even included the other taxpayer rape that will fund your cadillace/benz health care plan for life.
Maybe enlarging your font will help with the validity of your cut and paste leftist points?
Seems odd, until you notice the author info for the article that may explain the trend:
Jason Richwine, PhD, is Senior Policy Analyst in Domestic Policy Studies at The Heritage Foundation.
OMG! There's the cue for the pavlovian leftists....BARK! BARK!
Run and hide!!!!