General Discussion

antigop

(12,778 posts)

19. I think it's due to the fact that a lot of people don't get pensions -- so they have no sympathy for

Reply to Gidney N Cloyd (Reply #9)

Sun Jul 21, 2013, 08:38 AM

Jul 2013

the ones who do. The feeling is, "Well, I don't get a pension, you shouldn't either."

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Retired Detroit firefighter: "My pension is what I was promised" [View all] FreakinDJ Jul 2013 OP

Silly prole, promises are only for the 1% n2doc Jul 2013 #1

When people wake up to this fact, maybe thngs will start to change. (nt) enough Jul 2013 #10

How will they wake up abelenkpe Jul 2013 #58

And there you go. This is it in a nutshell.... socialist_n_TN Jul 2013 #52

The pensions were part of the pay. JDPriestly Jul 2013 #76

Yep, that is it exactly. Those pensions that the state is trying to renege on..... socialist_n_TN Jul 2013 #93

sorry to say sweetapogee Jul 2013 #113

except the state is not the security for a city debt ceonupe Jul 2013 #94

And what kind of "more sustainable" system would that be? JDPriestly Jul 2013 #121

+1 Blue_Tires Jul 2013 #122

The pension is what he EARNED! Taking it is theft. It's his. He EARNED it. It was part of his pay SharonAnn Jul 2013 #62

Possession is 9/10ths of the law, and the rich can buy the last 10% n2doc Jul 2013 #66

+1 nt Live and Learn Jul 2013 #108

Is this like contribtion to Social Security? question everything Jul 2013 #123

+1,000,000. HiPointDem Jul 2013 #85

+ A billion or so. The bankers couldn't be denied their fat bonus because they'd been promised them, Dark n Stormy Knight Jul 2013 #97

Pension obligations trump bondholders under Michigan Constitution alcibiades_mystery Jul 2013 #2

Thanks for this. I had no idea. Brickbat Jul 2013 #4

Some are trying to slip pension reductions past the constitutional goalie in Illinois, too. Gidney N Cloyd Jul 2013 #15

Constitution may NOT protect detroit's pensions etherealtruth Jul 2013 #22

The point is not that protection of the pensions is absolute alcibiades_mystery Jul 2013 #27

I understand that etherealtruth Jul 2013 #32

Question about this: if pensioners are 'unsecured' creditors, wouldn't their claims take HardTimes99 Jul 2013 #36

ding ding ceonupe Jul 2013 #95

No, protection of pensioners and wage earners remains under the law Yo_Mama Jul 2013 #41

Thank you for more info! etherealtruth Jul 2013 #42

It is up to the bankruptcy judge. former9thward Jul 2013 #54

Only if the Bankrutcy Judge rules the State has agreed to the filing happyslug Jul 2013 #100

I think it is safe to say the state has agreed to this filing. former9thward Jul 2013 #115

No, I believe the Judge is Correct, the State can NOT agree. happyslug Jul 2013 #120

A pension is a deferred payment that, increasingly, was meant to make up for cuts or freezes in Brickbat Jul 2013 #3

Yep. I also said this in the second paragraph of my post #52.... socialist_n_TN Jul 2013 #55

They've been looting our pensions for decades malaise Jul 2013 #5

The feds have been looting Social Security for decades... matthews Jul 2013 #89

Well you see, there's a moral hazard if we take care of individuals TransitJohn Jul 2013 #6

+1 ArcticFox Jul 2013 #43

My liberal sister's ultra conservative husband retired from the air force and then from djean111 Jul 2013 #7

Sometimes I think that conservatives can't be reasoned with... ananda Jul 2013 #24

unfortunately they don't get it until it directly affects them. ejpoeta Jul 2013 #38

Contracts with workers are disposable in the dictatorship of capital.... socialist_n_TN Jul 2013 #56

Your bolder sentence is the key take away JustAnotherGen Jul 2013 #8

Yup, that doesn't work out so well.... Historic NY Jul 2013 #18

I'm amazed how many even in the middle and low end of the 99% support screwing pensioners. Gidney N Cloyd Jul 2013 #9

+10000 - ^^ This Guy Gets It ^^ FreakinDJ Jul 2013 #13

I think it's due to the fact that a lot of people don't get pensions -- so they have no sympathy for antigop Jul 2013 #19

I think that's pretty much right. Jackpine Radical Jul 2013 #26

"How come I don't have a pension like that?" antigop Jul 2013 #33

And the answer is FREE TRADE that passed under these pensioner's watch. nt Demo_Chris Jul 2013 #70

Right. Why don't people understand this? JDPriestly Jul 2013 #86

That, and the money to fund government pensions and benefits... Demo_Chris Jul 2013 #69

Bethleham Steel went belly up about the time my dad retired after 35 years with them. Dustlawyer Jul 2013 #11

This happened to my Aunt when BB&T was bought out. She was 72 when they cut her pension. loudsue Jul 2013 #12

How low can they go newfie11 Jul 2013 #14

Doesn't the federal government warrior1 Jul 2013 #16

The PGBC has been gutted through the years. They can fund pennies on the dollar promised, if that. Brickbat Jul 2013 #17

The PBGC is only for private (not public) sector pensions antigop Jul 2013 #21

That law was enacted when the Studebaker car company went out of business and it was byeya Jul 2013 #30

Which is what I get for posting before coffee. Brickbat Jul 2013 #40

We live in edhopper Jul 2013 #20

IMO, this is war Eddie Haskell Jul 2013 #23

No, it's only war when we fight back.... socialist_n_TN Jul 2013 #57

I meant it as a declaration. Eddie Haskell Jul 2013 #65

I hope to die working on the job because the alternatives don't seem much better nolabels Jul 2013 #73

Yeah, I know you did .... socialist_n_TN Jul 2013 #96

Having the city steal your pension... Bay Boy Jul 2013 #25

don't mtasselin Jul 2013 #28

And those same congressmen... awoke_in_2003 Jul 2013 #64

pukes may be assholes sweetapogee Jul 2013 #114

I've been kind of taunting a right-wing friend with this kind of story. He's brewens Jul 2013 #29

See post 21. Apparently it's not taxpayer funded. nt SunSeeker Jul 2013 #45

Republicans (and Democrats) *have* been going after the PBGC. It's been underfunded and undermined Brickbat Jul 2013 #48

It's time to renege on all politician pensions. CrispyQ Jul 2013 #31

Pensions in Canada are solid. ConcernedCanuk Jul 2013 #34

Why can't we do this? :( SummerSnow Jul 2013 #37

WAR ConcernedCanuk Jul 2013 #49

More like-- it transfers the money... Marr Jul 2013 #74

But if we don't have that military, we can't protect the trade routes that enable our "free trade" JDPriestly Jul 2013 #87

i keep imagining americans as the ones sneaking over the border to get a better life. ejpoeta Jul 2013 #39

This is why laundry_queen Jul 2013 #63

That's how private pensions work but governments are exempt from our pension laws. dkf Jul 2013 #83

Nope - like I said they are solid. ConcernedCanuk Jul 2013 #106

Never think that. It's absolutely untrue. Heywood J Jul 2013 #90

Ontario has protection, AND Canada Pension IS solid ConcernedCanuk Jul 2013 #107

"Ontario has two of the strongest pension protections available in Canada." Heywood J Jul 2013 #111

First of all, CPP is over $1200/month and that's on top of any other pension they may have. ConcernedCanuk Jul 2013 #116

I have two deferred pensions madville Jul 2013 #35

I've never seen golden parachutes cancelled either... n/t EC Jul 2013 #44

Kevin Orr: How much is he making for his role in this? BronxBoy Jul 2013 #46

Student loans are not dischargable but pensions obligations are. SunSeeker Jul 2013 #47

+1 Gidney N Cloyd Jul 2013 #60

+1 gollygee Jul 2013 #61

bs xtraxritical Jul 2013 #50

when you start seeing more of these kinds of people losing their pensions then they southernyankeebelle Jul 2013 #51

I think it is too late..:( Dan Jul 2013 #72

It's heart breaking. southernyankeebelle Jul 2013 #91

Its one thing for businesses to use bankruptcy as a dodge but for the gov't to do it? Peregrine Took Jul 2013 #53

Why is it even legal for people to not participate in Social Security? ShadowLiberal Jul 2013 #59

State and local governments cannot be required to pay into Social Security because duffyduff Jul 2013 #102

Thanks. Learned something new today. (NT) Heywood J Jul 2013 #112

It took me FOREVER to find out the reason why, duffyduff Jul 2013 #118

HUGE K & R !!! WillyT Jul 2013 #67

A pension is merely deferred compensation. marew Jul 2013 #68

Too Big To Fail, versus Too Small To Matter. blkmusclmachine Jul 2013 #71

Precisely. JDPriestly Jul 2013 #75

This message was self-deleted by its author darkangel218 Jul 2013 #77

WHAT?! NO, they aren't! SS is for SS, period! Jeepers. WinkyDink Jul 2013 #78

Yah i didnt know. darkangel218 Jul 2013 #79

I thought all pension plans had a federal protection darkangel218 Jul 2013 #81

Wall St isn't getting paid either. No one is getting paid. There is no money, ergo bankruptcy. dkf Jul 2013 #80

You mean like TARP was our decision as taxpayers? Rex Jul 2013 #104

kick Liberal_in_LA Jul 2013 #82

Sorry, Charlie. This is America, and you're not a bank LittleBlue Jul 2013 #84

Kicked and Recommended! nt Enthusiast Jul 2013 #88

This is what gets me. Heywood J Jul 2013 #92

Hey -all your conservative Repukes that keep screaming about how Marie Marie Jul 2013 #98

Only scumbags go after pensions. blackspade Jul 2013 #99

City of Detroit now up for sale on EBay! zencycler Jul 2013 #101

We know which side the govt always favors. Rex Jul 2013 #103

The city should keep its promise wercal Jul 2013 #105

some more equal than others deancr Jul 2013 #109

Animal Farm! ConcernedCanuk Jul 2013 #117

We all snowball deancr Jul 2013 #119

Just one bonus that one of those crooks on Wall Street deutsey Jul 2013 #110

I just really mstinamotorcity2 Jul 2013 #124