Did you know that in 2011 the U.S. government spent nearly $210 billion dollars on federal pensions? That's $210 billion dollars of taxpayer money for pensions to those who have worked in some level of the federal government. Isn't it time for them to start paying and contributing to their own pensions like the rest of us hard working Americans?
What's at stake is the collapse of our system of government. Federal employees were never supposed to live 'high on the hog.' Many federal employees receive a monthly payment of $5k or more (public record) when they retire. Many states across the country are suffering from the same fiscal problems (caused greatly by out of control state pensions) as the federal government.
Government pension plans are much more burdensome than public assistance programs. If federal and state pensions aren't reined in soon, the federal government and state governments won't be able to sustain themselves -- there won't be enough tax revenues to keep the lavish (as compared to most private pensions) public employee pensions going.
Government pension plans are much more burdensome than public assistance programs. If federal and state pensions aren't reined in soon, the federal government and state governments won't be able to sustain themselves -- there won't be enough tax revenues to keep the lavish (as compared to most private pensions) public employee pensions going.
Brian Blackwell
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