McDuck's Account Talk

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Thank you, guys, for showing the videos `freedom...' and that sweetie, Red Skelton !
It doesn't seem to matter whether you've seen them before, you watch them all the way thru again! -and again!!
:D
 
I think we tend to take our freedoms for granted and we need a reminder once in awhile.
 
Alabama pensions chief Bronner sees state financial crash

Alabama pension fund boss David Bronner said the state's lack of public revenue threatens its future as a productive and orderly economy, while Middle East tensions might drive oil to $300 a barrel this year.

The head of the Retirement Systems of Alabama, the pension plan for 300,000 active and retired state workers, said it is too late to save the state budget by reducing expenses.

...

Trouble will happen by the time school starts, said Bronner, who has led the RSA for 37 years. School district superintendents will start cutting programs, class offerings and teachers. Entire schools will close. Thousands of teachers will be released, he said. State troopers will stop enforcing speed laws and contract disputes between businesses will take forever to wend their way through a deserted court system strapped for judges, clerks and stenographers.
"Maybe the troopers can stand by the roadside and wave," Bronner said. "If you stop, you get a ticket, if not, see you later.
 
That's why my wife has her retirement money in a defined contribution plan with an administrator outside her State of Florida employer. Now the State could reduce the amount of money they contribute monthly on her behalf - but all the money is already hers to manage and to make grow with various mutual fund options - very similar to TSP.
 
I say let some or these big banks fail. We shouldn't have bailed them out for their failures the first time and what do they do but pay bonuses to the idiots that got us into this mess. Hang them all.
 
nasa1974 said:
I say let some or these big banks fail. We shouldn't have bailed them out for their failures the first time and what do they do but pay bonuses to the idiots that got us into this mess. Hang them all.
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Agree, but the only guy on our side on that matter is the President, at least in some of his words. Everyone on the Republican side seems to be unwilling to take them to task firmly. Do you think that CEO's proposal to make CEOs and Boards personally liable in the future and subject to being made paupers will get any traction?
 
 
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