Imagine you’re on a ship…let’s call it the…I dunno…Titanic. That says “strength,” right?
So, you’re on the Titanic and suddenly, it strikes a…um…let’s say a…an iceberg, okay?
The Titanic you’re sailing on hits an iceberg and begins to sink. You suddenly hear over the loudspeaker, “Attention, passengers. This is your captain. We have hit an iceberg and we are taking on water at an incredible rate and will most likely sink within the next two hours. If all the passengers and crew would kindly make their way down below, into the hull near the bulkheads and begin bailing, it would be greatly appreciated. If all goes well, we will most likely be able to resume our voyage across the vast, freezing Atlantic in a short while. Thank you!”
Now, do those words (in any universe) sound feasible? What I mean to say is, if the real Titanic was to have had all the members of its crew and passengers, right down to the captain himself, go down below to bail, might the ship have been saved?
Of course, the answer is, “Not a chance.” Knowing the enormity of the problem (massive sinking ship in the middle of the Atlantic), no sane person would ever suggest the very stupid and irrelevant action of bailing out the ship.
Why then is the Kentucky state government suggesting that its taxpayers (passengers and crew) bail out the sinking Titanic (underfunded and overfed teachers pensions)?
Read on the next page how the state is asking its taxpayers to pick up a $3.2K per year, per household tab in order to shore up a lucrative teachers union Ponzi scheme that has nearly bankrupted the state!NEXT PAGE »
Stealing your new tax cut
They do pay into their retirement. The issues with the system is the fault of those managing it, not those who are members.
There is a whole lot more to this than what this site is letting on. I live here and know.
The Fed statutes do not allow teachers in this state to take from or contribute to SS.
There are only a couple of school districts in this state that are truly unionized. What they have is an association that many members do not belong to. Those “unions” have very little to nothing to do with this issue.
The state entered into a contract with these individuals, many who gave up opportunities in other areas to serve their home state. I don’t about you, but anytime I enter into a contract with someone that is a legally binding agreement that I will receive said compensation in return for services provided.
And the taxpayers and politicians owe it to their state and nation to provide top level education to their citizens.
It’s lose, not loose. Talk about f#*king stupid. It’s the only plan they have and there is no out. In fact the plan was running a surplus about 10 years ago and is on track to be back to 80% funding by 2038. There’s a lot to this that is being totally lost on some of you here.
Ronald it’s not the citizens responsibility to pay them anything for there retirement. Being a teacher doesn’t make them entitled to extra money paid for by us period.
Obligated my A**E