I just realized what was missing from the election

Originally Posted By SingleParkPassholder

"No, it comes down to the fact that you won't be getting your government pension because there's no money and you are not GM or BofA. The government will not pay you what they can't pay you, courts and taxes be danged."

The world, and this area, ain't that black and white.

 

Originally Posted By SingleParkPassholder

One more thing- the city of Vallejo, CA went Chapter 9 in 2008. During their BK reorg, everything got cut severely except one thing- their $84M liability for pensions. Every cent has to be funded.

 

Originally Posted By Mr X

***One more thing- the city of Vallejo, CA went Chapter 9 in 2008. During their BK reorg, everything got cut severely except one thing- their $84M liability for pensions. Every cent has to be funded***

You seem very abstinent on this issue, as though you're trying to convince someone of something...but what I really wonder if if you're simply trying to convince YOURSELF that everything will be okay.

I, for one, certainly hope everything WILL be okay and that times will change for the better right quick.

But if the crap hits the fan, all bets are off. You can cite court cases and precedent all you want, but that won't help much if sentiment is against you and everyone is calling for blood.

Just sayin...

 

Originally Posted By mawnck

>>You seem very abstinent on this issue,<<

I'd be getting really drunk myself. ;-)

 

Originally Posted By Mr X

yes yes...obstinate is what I meant.

Call it a Sarah Palin moment, and move on please.

 

Originally Posted By Labuda

I doubt she's a fan of move on.

 

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