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Weiss Offers Sovereign Debt Ratings For First Time

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Pillar of the Community
United States
1026 Posts
 Posted 05/01/2011  08:05 am  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
Junior e

Know where your frustrations are coming from BUT have to chime in here "Government employees are retiring with pensions that are twice as high as they were making while working. All of them are retiring when they're 50 years old"

Being a retired government employee and Marine I must correct you.

99.9% of the old Civil Service workers who could retire under the old retirement system had to have 30 years of service and be 55 to retire on 75% of there income at the most - there health insurance and that takes away $400 to $450.00 per month from their pension. Anyone that started to work for the government or civil service after think it was 1985 they are under the social security system just like everyone else.

Do not place 99.9% of the civilian government work force to the Washington Mafia of our elected representatives class as they only represent 1% of the government employees. The government employees are just like everyone else and for the last two years not getting any cost of living expenses and probably never will again. They are just as mad at the Washington representatives as you.

MY HUGE government civil service pension is $600.00 per month and I made allot more than that when I was working. If I were also not retired from the Marines and collecting that retirement pension also I could not live on my HUGE government pension.
Edited by Brucec
05/01/2011 8:41 pm
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/01/2011  7:50 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
You almost gotta wonder how one nation with a debt figure so high that most people's brain can't even comprehend the number, could get a passing grade of a C, even with other country's ahead of us like Indonesia and Mexico....

You got it, Silverhawk. Very few people really can grasp a number like a trillion or even a billion. I used to explain it to my students this way: A part per billion is one second in about 31.5 years and a part per trillion is one second in about 31,500 years. People can relate to things like seconds, minutes, and hours but throwing around numbers with 9-12 zeros in them doesn't exactly ring any bells.
Pillar of the Community
Ed_B's Avatar
United States
4008 Posts
 Posted 05/01/2011  7:58 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Bruce... thank you for your service to our country. It really is appreciated by many of us.

I understand your frustration with DC. Many state and local government workers are just as frustrated with DC as any of the non-government employed public. One big difference is that most of us are not saddled with a bunch of unfunded mandates and other job requirements from DC and then criticized for not doing the job of handling that mess as well as was expected. My folks used to work for the State of Oregon. They both had a lot of comments to make on just how much more difficult than necessary their jobs had become because of the dumb things that they were required to do by federal law. The list was virtually endless.
Edited by Ed_B
05/01/2011 7:59 pm
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