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| Europe |
| Round-up: Greece faces death by a thousand cuts unless it leaves the euro |
| 2012-02-14 |
| Lucas Papademos was suitably apocalyptic. If the terms of the second Greek bailout were not approved, the Greek prime minister warned over the weekend, there would be a "disorderly bankruptcy that would create conditions of economic chaos and social explosion. Greece won't see a cent of the great bail-out MPs in Athens may have voted for austerity, but the reality is that default is looming. Greek economy spirals down as EU forces final catharsis A Greek default and traumatic ejection from the euro moved a step closer last night after eurozone finance ministers cancelled a crucial meeting, accusing Athens of failing to flesh out austerity cuts. |
| Posted by:tipper |
| #6 I would too. Let them have a visible pay and let teachers decide what fraction to put towards a pension. Better yet, get teaching away from the state. |
| Posted by: Bright Pebbles 2012-02-14 21:15 |
| #5 Would anyone here deny a teacher who works 40 years, a pension equal to 40% of the allowed income average? I wouldn't. Make it two. In addition to AC's point, of the teachers I've seen with 40 years, 90% should have been gone after 20 years and probably 50% after 10. Teaching is a hard job, not a sinecure. Teachers burn out. They should not stay in a job after they destroy the joy of learning for youngsters just because they need the pension. Pay them market rate, get rid of the union, and no life time employment. Like the rest of us. |
| Posted by: Nimble Spemble 2012-02-14 19:32 |
| #4 Would anyone here deny a teacher who works 40 years, a pension equal to 40% of the allowed income average? I wouldn't. I would. If self-funded 401k plans and IRAs are good enough for the private sector they're damn well good enough for the public sector as well. Let them exist on Social Security, Medicare & whatever they can accumulate in their private self-funded retirement accounts just like the rest of us. |
| Posted by: AzCat 2012-02-14 18:51 |
| #3 Forgot to mention that many second-pension Americans receive peanuts for the 2nd. I know someone who gets a private pension of $12 per month. Civil service workers rake in huge sums, if they move from one package to another. I know someone who receives 5 |
| Posted by: Hupeagum Wheamp5986 2012-02-14 18:31 |
| #2 The solution to 100% of the fiscal problems of 100% of Western democracies is: end 100% of triple and quadruple pension "dipping." 80% of non-governmental US workers will receive only 1 pension. 100% of them would want pension receipts limited to 1% for each year of service (max: 45%), and would base receipts on the basis of the average of the 6 highest years of earning. If that average was $50K then the pension would be 22.5K, plus the government pension. California is shelling out half million pensions to retired chiefs of police. Can't afford it; and it was gained by extortion and cozying up to corrupt politicians. LA cop pensions equal 90% of wages. Would anyone here deny a teacher who works 40 years, a pension equal to 40% of the allowed income average? I wouldn't. |
| Posted by: Hupeagum Wheamp5986 2012-02-14 18:29 |
| #1 The 'true' reality is that the Greek default is ongoing, and Euro movers and shakers are trying to conceal this in order to save the banks and to leave Europeans holding the bag of bad debts. This is more of what's been going on for many months now. |
| Posted by: Anguper Hupomosing9418 2012-02-14 16:45 |