tag:blogger.com,1999:blog-5888314760091661875.post7284332838129413230..comments2023-11-03T03:52:37.873-05:00Comments on Cognitive Dissidence: Breathtaking! Somebody DO Something!http://www.blogger.com/profile/08717747685928127724noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5888314760091661875.post-68134243806067498062013-08-18T08:49:02.424-05:002013-08-18T08:49:02.424-05:00David,
To answer your question on my statement.
...David,<br /><br />To answer your question on my statement.<br /><br />I was talking about Mullin taking not you.<br /><br />But if you would like me to comment about you, <br /><br />I know you never heard of the word integrity.<br /><br />If you think you have, name me one time you have ever mentioned it.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-53020324666347035982013-08-17T08:23:27.934-05:002013-08-17T08:23:27.934-05:00Just so you understand a complex subject, the Wisc...Just so you understand a complex subject, the Wisconsin Retirement System (WRS) relies on four sources of income: 1) as part of its non-salary compensation to the employee, the government entity contributes a percentage based on that salary towards the WRS pension. 2) The employee contributes a like amount, currently 6.65%, depending on the needs of the WRS to remain solvent. (From 1983 to 2011, the state picked up almost all of the employee portion.) 3) Employees can contribute more than the required employee portion through a program called Deferred Compensation. This portion is not matched by the employer. 4) The fourth source of income for the WRS is the appreciation and dividends of its investments in stocks and bonds. These investments are the fuel that keeps the retirement system solvent; they account for about 3/4 of the system's resources. These investments are made by highly paid professionals in the State of Wisconsin Investment Board.<br /><br />To show the system's reliance on the real world of investments, annuitants who retired prior to the year 2000 have lost about $5,000 of their average $25,000 annual pension due to those stock market losses. (The WRS uses a "smoothing" system that rolls out gains and losses over five years to reduce lurches in retirement income.) <br /><br />Each employee's pension is different, depending on years worked in covered employment, highest three years of salary, whether in protective, elective, or regular service, and the payment plan. An employee with a low salary who worked only a few years in WRS-covered employment will get a small pension as compared to a high-salaried veteran of, say, 40 years. <br /><br />What distinguishes this kind of pension from a defined contribution pension, which I also earned through my private sector employment, is that it is possible to receive benefits that exceed your contribution (and that of the employer match) if you beat the actuarial tables survival prediction. For every retiree who does, however, there is another who dies before realizing all his/her benefits.<br /><br />Another difference is that, during the recent economic recession, many private sector employers quit their employee match. If they offered a pension at all.David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-25097771514617885182013-08-17T08:18:05.301-05:002013-08-17T08:18:05.301-05:00This comment has been removed by the author.David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-54541034145306963492013-08-16T19:30:33.192-05:002013-08-16T19:30:33.192-05:00Racine, Beloit, Janesville? Are they bankrupt? Racine, Beloit, Janesville? Are they bankrupt? David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-5673031446972435432013-08-16T19:28:40.397-05:002013-08-16T19:28:40.397-05:00When you consider that the stock market has apprec...When you consider that the stock market has appreciated, and thus grown my savings, yes. But if I live long enough -- in other words, if I beat the actuarial estimates -- then the defined benefits pension will pay me more than I put in. David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-22351614480847535922013-08-16T17:30:59.145-05:002013-08-16T17:30:59.145-05:00Are you saying you're only taking out what you...Are you saying you're only taking out what you put in Blaska?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-43379188993566200202013-08-16T13:20:32.613-05:002013-08-16T13:20:32.613-05:00"Took money from a program?" Either you ..."Took money from a program?" Either you are accusing me of embezzlement or of living off a welfare program, neither of which is correct. I spent half my life in the private sector with a defined contribution pension program. I plowed everything I could spare into that from my own pocket. I did the same, through deferred compensation, in the half of my career spent in government. At certain points, amounting to 15% of my salary. In other words, money out of my own pocket. <br /><br />Cry me a river that current employees must spend 6% out of pocket -- for what they get. Even the UAW workers don't have it so good. Don't even mention 90% of private sector workers. But you don't care about them, Deservedly Anonymous.<br /><br />You just want yours and to hell with everyone else, including 90% of the taxpayers. Great message. How did that work in the recall elections and in last fall's state government elections? <br /><br /> David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-77453581140290456612013-08-16T13:10:53.860-05:002013-08-16T13:10:53.860-05:00Wow do you ever bring anything of value in?
Ot...Wow do you ever bring anything of value in? <br /><br />Other Midwest cities? Have you ever heard of racine? beloit? Janesville? <br /><br />yes I blame Bill Clinton and the republican party. Clinton was not alone in his love of NAFTAJeff Simpsonhttp://www.cognidissidence.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-15726316197431953282013-08-16T12:54:46.548-05:002013-08-16T12:54:46.548-05:00You're blaming Detroit on its bankruptcy manag...You're blaming Detroit on its bankruptcy manager? On Bill Clinton? Then why aren't Indianapolis, Columbus, Ohio, Minneapolis-St. Paul, Chicago, bankrupt, too? (To mention Midwest cities, only.) David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-91589345130749509732013-08-15T21:04:48.913-05:002013-08-15T21:04:48.913-05:00No, but hey - he got his, and isn't that what ...No, but hey - he got his, and isn't that what it's all about for guys like Mullin and Ryan?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-46136550823746462582013-08-15T18:38:23.561-05:002013-08-15T18:38:23.561-05:00Bottom line is this guy, Mullin, took money from a...Bottom line is this guy, Mullin, took money from a program to survive and then bashes the program.<br /><br />Integrity,<br /><br />does he even know what it means.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-92227734409325472652013-08-15T14:02:07.805-05:002013-08-15T14:02:07.805-05:00No one in Detroit is complaining about public empl...No one in Detroit is complaining about public employee pensions. Because no one lives there anymore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-87213525583760043932013-08-15T12:02:25.135-05:002013-08-15T12:02:25.135-05:00"Rules don't apply to us." 21st Cent..."Rules don't apply to us." 21st Century GOP motto.<br /><br /> You know, kinda like complaining about public employees getting pensions while living off of public employee pensions. We don't know any hypocrites like that, do we Mr. WHAAA-ska?Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-2921969545865941202013-08-15T11:24:07.272-05:002013-08-15T11:24:07.272-05:00Detroit is broke because it's empty. Detroit i...Detroit is broke because it's empty. Detroit is empty because a) Race riots in the 60's scared away middle class families-which are the lifeblood of any community b) The jobs went away.<br />The jobs went away because UAW made the big three too top heavy to compete with foreign manufacturers. Sprinkle in well-meaning social programs which benefit administrators instead of the intended community and...viola! What's left is thousands of empty buildings, miles of unpatroled streets, kids living in fear, rampant drug violence, and depreciated municipal assets.<br />THIS is what happens to places run by unions. They get sucked dry (like oil wells) and abandoned. If you own property in Chicago, you might want to sell while you can.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-60927203312328323442013-08-15T09:42:55.874-05:002013-08-15T09:42:55.874-05:00Non sequitur. Where's the causality in that st...Non sequitur. Where's the causality in that statement? If Democrats are against something, it automatically goes away? Tell that to Scott Walker.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-79104141540258275282013-08-15T09:17:14.624-05:002013-08-15T09:17:14.624-05:00I would hope that everyone is against poverty but ...I would hope that everyone is against poverty but maybe not....<br /><br />Thats funny I thought RR was most noted for his saying "I dont recall" when under oath. <br /><br />I dont know whether to be surprised or amazed at the lack of knowledge of political pundits on the right. I guess its so much easier than thinking! <br /><br />I would say that Detroit is broken because of such insane trade policies as NAFTA, GATT, Most favored trade status, etc...<br /><br />Its not hard to see why Detroit would go bankrupt when we have attacked the lifeblood of the city and our country over and over. <br /><br />Also the unconstitutional big government city manger and right wing governors policies sure didnt help either. <br /><br />PS: I get that clinton signed NAFTA, to save you the waste of time talking point. Jeff Simpsonhttps://www.blogger.com/profile/12118335402641807712noreply@blogger.comtag:blogger.com,1999:blog-5888314760091661875.post-88672481205707510312013-08-15T08:55:44.099-05:002013-08-15T08:55:44.099-05:00"We all know ..."
As RR used to say, &..."We all know ..." <br /><br />As RR used to say, "There you go again!"<br /><br />If Democrats are "against" poverty, why are half the people in Detroit poor?David Blaskahttps://www.blogger.com/profile/14746169836462702879noreply@blogger.com