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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSerf city here we come ....
WASHINGTON (AP) -- A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.
But with many companies already freezing or getting rid of pension plans, many critics are reluctant to force the issue.
Some expect the changes, passed by Congress last month and signed Friday by President Barack Obama, to have little impact on the nation's enormous $1.9 trillion in estimated pension fund assets. And it is more important, they suggest, to avoid giving employers a new reason to limit or jettison remaining pension benefits by forcing them to contribute more than they say they can manage.
The equation underscores a harsh reality for unions, consumer advocates and others who normally go to the mat for workers and retirees: When it comes to battling over pensions, the fragile economy of 2012 gives the business community a lot of leverage.
http://hosted.ap.org/dynamic/stories/U/US_PENSION_WORRIES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-09-13-32-46
raccoon
(31,127 posts)woo me with science
(32,139 posts)There is a new one every day. Every damned day.
Corporate profits at a record high, remember?
Wake up, because we are being bipartisanly legislated into wage slavery and corporate domination. We have a problem with corporate money purchasing our politics, and it is NOT just a Republican problem anymore. We have a serious, serious problem in our party, too.
You cannot fix a problem until you acknowledge it.
Keep pretending that we are making incremental steps.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=888673
Imagine if a Republican were President
http://www.democraticunderground.com/1002430636
Wake up and Occupy.
Huey P. Long
(1,932 posts)"...signed Friday by President Barack Obama..."
"...signed Friday by President Barack Obama..."
"...signed Friday by President Barack Obama..."
"...signed Friday by President Barack Obama..."
"...signed Friday by President Barack Obama..."
Every day, yes sir.
HiPointDem
(20,729 posts)SammyWinstonJack
(44,130 posts)Secure pensions and cadillac health care plans.
So basically as per usual, they've got their and screw the rest of us common people.
benld74
(9,911 posts)I bought a '30 Ford wagon and we call it a woody
Surf City, here we come
You know it's not very cherry, it's an oldie but a goodie
Surf City, here we come
Well, it ain't got a back seat or a rear window
But it still gets me where I wanna go
{Refrain}
And we're goin' to Surf City, 'cause it's two to one
You know we're goin' to Surf City, gonna have some fun
You know we're goin' to Surf City, 'cause it's two to one
You know we're goin' to Surf City, gonna have some fun, now
Two girls for every boy
You know they never roll the streets up 'cause there's always somethin' goin'
Surf City, here we come
You know they're either out surfin' or they got a party growin'
Surf City, here we come
Yeah, and there's two swingin' honeys for every guy
And all you gotta do is just wink your eye
{Refrain}
And if my woody breaks down on me somewhere on the surf route
Surf City, here we come
I'll strap my board to my back and hitch a ride in my wetsuit
Surf City, here we come
And when I get to Surf City I'll be shootin' the curl
And checkin' out the parties for a surfer girl
Art_from_Ark
(27,247 posts)Last edited Tue Jul 10, 2012, 10:14 AM - Edit history (6)
I bought a broken down wagon and we call it a klunker
Serf City, here we come
You know it's not very cherry, it is really a junker
Serf City, here we come
Well, it ain't got a back seat or a rear window
It barely even gets me where I wanna go
{Refrain}
And we're goin' to Serf City, nowhere else to go
You know we're goin' to Serf City, cause weve no more dough
You know we're goin' to Serf City, nowhere else to go
You know we're goin' to Serf City, cause weve no more dough
Two bucks is all we got
You know theyre gonna throw us in the clink if they think we're homeless
Serf City, here we come
And we cant even rent a room because we are jobless
Serf City, here we come
Yeah, and there's two swingin' billy clubs for every guy
And all you gotta do is just blink your eye
{Refrain}
And if my klunker breaks down on me somewhere on the serf road
Serf City, here we come
I'll strap my stuff to my back and walk with my full load
Serf City, here we come
And when I get to Serf City I'll be scouting for sites
Where I can set my box up to sleep at night
HiPointDem
(20,729 posts)Egalitarian Thug
(12,448 posts)have their money. They've sheared the suckers three times in the last fourteen years and each time those that were not completely wiped out claim that they are OK again. Wash, rinse, repeat.
Anybody can rob someone, it takes real talent, and a real sucker, to rob them and make them believe you are doing them a favor while being robbed.
Junkdrawer
(27,993 posts)The Iron Law of Wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker.
http://en.wikipedia.org/wiki/Iron_law_of_wages
Funny this isn't more common in our political discussions.
Zalatix
(8,994 posts)Junkdrawer
(27,993 posts)Then they moved the mills offshore.
Capital is international. Labor is not.
HiPointDem
(20,729 posts)& emigration in history.
the problem is not that labor is or is not international, but that labor is dominated by capital & moves according to its dictates and under its guns and rules.
Junkdrawer
(27,993 posts)HiPointDem
(20,729 posts)Junkdrawer
(27,993 posts)HiPointDem
(20,729 posts)Junkdrawer
(27,993 posts)1.) Stop Capital from colluding internationally (International minimum wage laws, etc.)
2.) Organize labor internationally
3.) Watch the Iron Law of Labor take the vast majority down to subsistence wages.
I see no other ways out.
pa28
(6,145 posts)When it comes to business friendly tax, trade and pension law that is.
HiPointDem
(20,729 posts)Edweird
(8,570 posts)dreamnightwind
(4,775 posts)This sucks.