PantherLotus
Professional Schmuck
Incognito said:
I'm going to read this article, but I'm certain you cut out the KEY POINT pointing to wtf that last line means.
Incognito said:
PantherLotus said:I'm going to read this article, but I'm certain you cut out the KEY POINT pointing to wtf that last line means.
I'd replace lazier with "more arrogant" but that's my only disagreement.scorcho said:We didn't learn it after Vietnam, and won't after these two. FFS we blew into Iraq with the minimum troops required and no realistic plan for nation-building or maintaining security. How much lazier could Rumsfeld be?
U.S. state and local governments will need to raise taxes by $1,398 per household every year for the next 30 years if they are to fully fund their pension systems, a study released on Wednesday said.
The study, co-authored by Joshua Rauh of Northwestern University and Robert Novy-Marx of the University of Rochester, both of whom are finance professors, argues that states will have to cut services or raise taxes to make up funding gaps if promises made to municipal employees are to be honored.
Pension funding in U.S. cities and states has deteriorated in the wake of the 2007-2009 economic recession as investment earnings dropped, and some states, such as New Jersey and Illinois, skipped or reduced required payments.
The issue has sparked heated debates, from the streets of Wisconsin's capital, Madison, where thousands demonstrated over public employees' rights to bargain, to New Jersey, where lawmakers are expected to give final approval this week to a plan that will scale back benefits for public sector workers.
Rauh and Novy-Marx have previously stirred up the debate over state pension obligations, including the dire prediction that existing pension liabilities total around $3 trillion, if expected returns on investments are not counted.
Other studies have estimated the shortfall as far less. The Pew Center on the States, for example, found the pension shortfall for states could be $1.8 trillion, or as much as $2.4 trillion based on a 30-year Treasury bond.
I think it is clear. As you surmise, it will be similar to Iraq. Pursuant to the SOFA and SFA with Iraq, we withdrew to our bases and could only prosecute military action in either self-defense or in conjunction with Iraqi forces. Eventually, that will occur in Afghanistan as we transfer operational command to Afghan forces.Bulbo Urethral Baggins said:Obama said : "Our mission will change from combat to support. By 2014, this process of transition will be complete, and the Afghan people will be responsible for their own security."
What does that even mean? Is that clear to everyone here?
I'm guessing it's similar to the Iraq situation.
If so, he is being imperceptibly subtle. After the past 2-1/2 years, I am fairly certain he thinks that shit's worth it.TacticalFox88 said:Or a way to subtly say fuck Afghanistan this shit's not worth it?
On Afghanistan, I firmly believe that we are at a point where we've got to stay the course, and we've got to finish the job. Reports coming out of Helmand right now are positive. ... David Petraeus, who wrote the book on counterinsurgency and on the surge strategy, is successfully prosecuting the surge.
Now, President Obama has not told the story the way President Bush did. President Bush did let the country know where we were at, and I give him a lot of credit because when he was getting all sorts of invective pointed against him, he stood against the world for what he knew to be right in dealing with terrorism. And perhaps no other would have stood the way that he did. I give him great credit for that.
Now in Afghanistan, we are making great progress. We have to win southern Afghanistan, then we have to go on and win eastern Afghanistan. I believe that we will be victorious, and we'll end it. I understand why people are frustrated. I completely understand. But I do trust General Petraeus in that effort and in what he is doing over there. And I think that they are doing what we need to do.
Bulbo Urethral Baggins said:Obama said : "Our mission will change from combat to support. By 2014, this process of transition will be complete, and the Afghan people will be responsible for their own security."
What does that even mean? Is that clear to everyone here?
I'm guessing it's similar to the Iraq situation.
Both of these wars have been such huge disasters, but Afghanistan seems the biggest failure to me. It should have been over long ago.
I hope and want to believe that this country has learned a serious lesson from these misguided policies. I sure have anyway.
Yeah, pension obligations are a millstone. I wonder what numbers they'd come up with using more realistic assumptions, though. Probably closer to the Pew Center's $1.8 trillion, still an enormous amount.ToxicAdam said:
ToxicAdam said:Here's a fun game. Which Republican Presidential candidate is this?
Bachmann
Do you really think they are intentionally targeting civilians?tHoMNZ said:Heartless. Killing Civilians to Protect Civilians.
ToxicAdam said:I know Gore-bashing from me is going to come as a huge shock, but did anyone see Gore's piece in Rolling Stone? It was all your typical puffery, but he took a swipe at the Obama administration for their ineffective energy/climate policies. Specifically, he snipes at Obama for not using his office as a bully pulpit on the issue of climate change.
Did Al Gore forget that he had a historic opportunity to join this administration and fundamentally change climate policy in this country? But, he turned it down so he can go peddle his slide show to any university and environmental group willing to shell out the six-figure fee. When it came time to do the real work for what he believes in, he was in his private jet, living his rock star life while begging for happy-ending massages.
A man who will tell you the world needs population control, but has four children himself. The guy who turned on Bill Clinton during the 2000 election and folded up his tent the second the results were in and was barely around in 2004 to help out Kerry. What a massive fraud.
The "worlds first carbon credit billionaire" is wondering why more money isn't being funneled his way? shockingToxicAdam said:I know Gore-bashing from me is going to come as a huge shock, but did anyone see Gore's piece in Rolling Stone? It was all your typical puffery, but he took a swipe at the Obama administration for their ineffective energy/climate policies. Specifically, he snipes at Obama for not using his office as a bully pulpit on the issue of climate change.
Did Al Gore forget that he had a historic opportunity to join this administration and fundamentally change climate policy in this country? But, he turned it down so he can go peddle his slide show to any university and environmental group willing to shell out the six-figure fee. When it came time to do the real work for what he believes in, he was in his private jet, living his rock star life while begging for happy-ending massages.
A man who will tell you the world needs population control, but has four children himself. The guy who turned on Bill Clinton during the 2000 election and folded up his tent the second the results were in and was barely around in 2004 to help out Kerry. What a massive fraud.
Hehe. Is this the new Gore talking point?Bulbo Urethral Baggins said:"worlds first carbon credit billionaire"
Saying things like these don't help your case, no matter how valid or invalid it might be. They just make you sound crazy.Bulbo Urethral Baggins said:The "worlds first carbon credit billionaire" is wondering why more money isn't being funneled his way? shocking
http://www.telegraph.co.uk/earth/en...d-become-worlds-first-carbon-billionaire.htmlCyan said:Hehe. Is this the new Gore talking point?
Also: do you have a source for him being a billionaire?
Ah, gotcha. I would have been surprised if it had been true.Bulbo Urethral Baggins said:http://www.telegraph.co.uk/earth/en...d-become-worlds-first-carbon-billionaire.html
This is my unimpeachable source.
I know. I had to do a double take when I realized I agreed with a TA post about Gore.PantherLotus said:This is a remarkably sober assessment, TA (except the idea that joining the admin would be considered "the real work for what he believes in", and the needless reference to non-existent charges). I think history will be less kind.
Something...something.. shots to Bin Laden's dome guaranteed bipartisan support. I believe it was that simple regarding the vote.Oblivion said:I know this is sort of old, but it seems Leon Panetta got approved with 100 votes (!!!) in the Senate. Obviously most of you guys already knew that.
I actually don't know much about Panetta. I've heard his name get brought up a lot, but have no clue about what kind of a CIA director he was. The Reps giving him a unanimous votes makes me curious, is this guy a major war hawk or something?
Al Gore is a pussy. I'd obviously have much rather seen him as the 43rd President, but yeah, he has no room to be critical.ToxicAdam said:I know Gore-bashing from me is going to come as a huge shock, but did anyone see Gore's piece in Rolling Stone? It was all your typical puffery, but he took a swipe at the Obama administration for their ineffective energy/climate policies. Specifically, he snipes at Obama for not using his office as a bully pulpit on the issue of climate change.
Did Al Gore forget that he had a historic opportunity to join this administration and fundamentally change climate policy in this country? But, he turned it down so he can go peddle his slide show to any university and environmental group willing to shell out the six-figure fee. When it came time to do the real work for what he believes in, he was in his private jet, living his rock star life while begging for happy-ending massages.
A man who will tell you the world needs population control, but has four children himself. The guy who turned on Bill Clinton during the 2000 election and folded up his tent the second the results were in and was barely around in 2004 to help out Kerry. What a massive fraud.
Agnostic said:Something...something.. shots to Bin Laden's dome guaranteed bipartisan support. I believe it was that simple regarding the vote.
Edit: So really, I have nothing to enlighten you.
ToxicAdam said:
Incognito said:not to be a diablos (i keed diablos!) but what's up with obama's numbers at gallup? he went from 49-43 to 43-49 in a span of two whole days. wtf? they change their voter models? something happen i miss?
ToxicAdam said:Study: $1400 Tax Hike Needed to Fund US Pensions
http://www.cnbc.com/id/43498037
This is where public unions really screwed up. Instead of getting the money promised to their members up front, they decided to take it in their retirement. Then politicians never fully funded these pension plans or lost a lot of it in the stock market. With states strap for cash, I see no other alternative than the unions taking a hit on their pension plans. This will just lead to them wanting money up front next time negotiations come around, ex. salary increases. States have received labor on the cheap for the last 10 years because of this. This will mostly effect teachers and could lead to some nasty strikes in the future. How would you like it if your employer broke a contract to pay you at a later date? Totally messed up system right now, and a good example of people wanting the services they get but not fully paying for them.Kosmo said:Defined benefit pensions need to be outlawed.
ViperVisor said:Rand Paul is a real piece of work.
http://www.dailykos.com/story/2011/06/22/987447/-Bernie-Sanders-and-Al-Franken-CLOWN-Rand-Paul
Smart-ass sarcasm + SAT word, I can't lose.
Bernie Sanders and Al Franken spoil his fun with about 3 dashes of reality.
ToxicAdam said:Here's a fun game. Which Republican Presidential candidate is this?
Bachmann
Dr. Pangloss said:This is where public unions really screwed up. Instead of getting the money promised to their members up front, they decided to take it in their retirement. Then politicians never fully funded these pension plans or lost a lot of it in the stock market. With states strap for cash, I see no other alternative than the unions taking a hit on their pension plans. This will just lead to them wanting money up front next time negotiations come around, ex. salary increases. States have received labor on the cheap for the last 10 years because of this. This will mostly effect teachers and could lead to some nasty strikes in the future. How would you like it if your employer broke a contract to pay you at a later date? Totally messed up system right now, and a good example of people wanting the services they get but not fully paying for them.
Dr. Pangloss said:This is where public unions really screwed up. Instead of getting the money promised to their members up front, they decided to take it in their retirement. Then politicians never fully funded these pension plans or lost a lot of it in the stock market. With states strap for cash, I see no other alternative than the unions taking a hit on their pension plans. This will just lead to them wanting money up front next time negotiations come around, ex. salary increases. States have received labor on the cheap for the last 10 years because of this. This will mostly effect teachers and could lead to some nasty strikes in the future. How would you like it if your employer broke a contract to pay you at a later date? Totally messed up system right now, and a good example of people wanting the services they get but not fully paying for them.
I guess they could file bankruptcy or something. I know some town in Alabama stopp funding pensions but not sure how they got away with it, legally.
I only really know about it from the teaching angle. Educators as a demographic tend to be older, white, and female. So you have this really old labor force that is about to retire in the next 10 years. In order to pay them, the states have started to require teachers currently working to donate more of their earnings into the pension system, which is basically a salary cut on current earnings for those working now. So it's basically like social security in a transfer of wealth from the young to the old with the young being promise that they'll get theirs when they retire. That is the current work around. But in the future you can expect the unions to demand more money up front than going to retirement systems.eznark said:Unless the unions negotiate those changes, aren't states and local governments essentially forced to honor past contracts? They can only make changes going forward, correct?
I guess they could file bankruptcy or something. I know some town in Alabama stopp funding pensions but not sure how they got away with it, legally.
Dr. Pangloss said:I only really know about it from the teaching angle. Educators as a demographic tend to be older, white, and female. So you have this really old labor force that is about to retire in the next 10 years. In order to pay them, the states have started to require teachers currently working to donate more of their earnings into the pension system, which is basically a salary cut on current earnings for those working now. So it's basically like social security in a transfer of wealth from the young to the old with the young being promise that they'll get theirs when they retire. That is the current work around. But in the future you can expect the unions to demand more money up front than going to retirement systems.
I think they basically said "Look, we don't have the money, so sue us, we don't have anything to give you anyway." If the town doesn't have the money, what are you going to do? I don't think a judge could impose a ruling that would make the city use all tax money to pay the retirees before they pay for essentials like public safety.
eznark said:Now you see why many states are passing laws limiting collective bargaining.
WickedAngel said:Yes, because punishing the employees for the mismanaged finances and obligations of the employers makes perfect sense.
WickedAngel said:Yes, because punishing the employees for the mismanaged finances and obligations of the employers makes perfect sense.
ViperVisor said:Rand Paul is a real piece of work.
http://www.dailykos.com/story/2011/06/22/987447/-Bernie-Sanders-and-Al-Franken-CLOWN-Rand-Paul
Invisible_Insane said:Oh, for the love of God, you stupid, petty, fuck...
http://www.washingtonpost.com/busin.../06/23/AGvFEJhH_story.html?wpisrc=al_national
I don't understand it. Gas prices have actually come down in the last couple of weeks. We're going to open the Strategic Reserve so people can drive the fuck around for the summer?eznark said:Weird timing. International pressure force his hand?
eznark said:Weird timing. International pressure force his hand?
Invisible_Insane said:Oh, for the love of God, you stupid, petty, fuck...
http://www.washingtonpost.com/busin.../06/23/AGvFEJhH_story.html?wpisrc=al_national
"I'm really surprised. Everyone's been saying they've got enough stocks. This should keep WTI (U.S. crude) under the $100 (per barrel), but really we want Brent there, and this should help," said Robert Montefusco, broker at Sucden Financial.
Invisible_Insane said:I don't understand it. Gas prices have actually come down in the last couple of weeks. We're going to open the Strategic Reserve so people can drive the fuck around for the summer?
This is the pinnacle of opportunistic idiocy.
"The United States will lead an international effort to release 60 million barrels of petroleum reserves to world markets"
The Libya intervention is for Europe's sake, so why the hell not, I guess.eznark said:Well, we are matching the "international community" so a total of 60 million barrels will be unleashed, so I wonder if this is more for Europe's sake?
It pisses me off that we have this discussion as a fiscal issue.ViperVisor said:Rand Paul is a real piece of work.
http://www.dailykos.com/story/2011/06/22/987447/-Bernie-Sanders-and-Al-Franken-CLOWN-Rand-Paul
Chichikov said:It pisses me off that we have this discussion as a fiscal issue.
And it's all posturing anyway.
It's an ideological question.
It's about the role of government.
Sanders and Franklin believe that it's the government's responsibility make sure senior citizens don't go hungry in this country and Rand Paul doesn't.
I understand why people like Paul want to engage this question as budgetary question and nothing else, but I don't think liberals should.
I think we need a gas tax holiday.Invisible_Insane said:Oh, for the love of God, you stupid, petty, fuck...
http://www.washingtonpost.com/busin.../06/23/AGvFEJhH_story.html?wpisrc=al_national
Major war hawk may not be accurate, but he is amenable to military action. He advocated the increase in drone strikes. He supported the "surge" in Afghanistan. Moreover, he has been quite deferential to the military on national security issues. Additionally, I have read that he fostered better relations with Congress regarding intelligence oversight. This should not be surprising as he is the consummate beltway insider. He is a former congressman. He served as Director of the OMB. And, most importantly, he served as Clinton's Chief of Staff. Thus, he already had good working relations with many Senators, and he was quintessentially conventional. A conventional beltway insider with an amiable relationship with Senators? The dude was a shoo-in.Oblivion said:I know this is sort of old, but it seems Leon Panetta got approved with 100 votes (!!!) in the Senate. Obviously most of you guys already knew that.
I actually don't know much about Panetta. I've heard his name get brought up a lot, but have no clue about what kind of a CIA director he was. The Reps giving him a unanimous votes makes me curious, is this guy a major war hawk or something?
Well, Clinton implemented a strategy of containment towards Iraq. Economic and political sanctions were used to stunt Iraqi machinations and compel compliance with UNSC Resolution 687. As his term progressed, the policy became decidedly active as intermittent military strikes were used to compel compliance. Furthermore, Clinton did examine the issue of regime change. And he considered military action. However, a myriad of reasons militated against it. Therefore, they favored other means to foster regime change. This culminated in the Iraq Liberation Act. Aside from that, it is difficult to predict how Clinton would have handled an invasion. I would guess that he would have favored robust multilateralism and international legitimation. Still, it is conjecture.Oblivion said:So somewhat random question, but this has been bugging me for a while. I don't know too much about Clinton's foreign policy when it came to Iraq, but snopes had an article that listed all the Dems that supported invading Iraq in the 90s. What exactly would be the difference with how Clinton would have handled Iraq, compared to Bush?
I don't think that politicians really want to punish public employees. 50 different state legislatures did not all come up with this grand scheme. It's just the nature of pension plans. When there is a down turn they put a strain on budgets. Those that agree to them assumed, like everyone, that the economy would go up and up. Union leaders really are the ones that should be kicking themselves for allowing their compensation to be really loaded on the back end.WickedAngel said:Yes, because punishing the employees for the mismanaged finances and obligations of the employers makes perfect sense.
Pension plans are really a minor problem when it comes to budgets. In fact, social security is probably the best run federal program to date. Even Republicans did not bother to mess with it in their budget. It's only during down turns that pensions become a problem due to less tax revenue (resources). But I believe this problem is out weight by the benefits they provide in their stable income for earners even during down turns. If this country solved the growth in health costs, and the drag energy has on the economy, then more resources could be dictated to pension plans. Problem solved.Kosmo said:So get away from defined benefit pensions - problem solved.
ToxicAdam said:Here's a fun game. Which Republican Presidential candidate is this?
Bachmann