Texas
Related: About this forumPension Retirement Security of State Workers Such as Texas Teachers.
http://ourfuture.org/wp-content/uploads/2013/09/Plot-Against-Pensions-final.pdfLiberalFighter
(50,912 posts)Rstrstx
(1,399 posts)I looked through the article and didn't see TX mentioned, though other states were singled out
DhhD
(4,695 posts)DhhD
(4,695 posts)WhiteTara
(29,704 posts)This little pinky stayed home
This little pinky
And this little pinky cried Wee Wee all the way home
Or the big bad wolf
Huffed and he puffed and he blew this house down
These were the stories my mother taught us as children...my older sister was much more receptive to the ideas than I...(hippie girl, me)
The straw house
the wood house
the mud house were all blown down
the brick house was the bomb and the wolf couldn't blow the house down.
My sister put her whole faith into the idea of the brick house and the teachers retirement system. She did all the right things, she saved, she schemed her SS, she has no mortgage, she worked until she was 67, her husband retired from 3 jobs. She has no idea who she is and everything she ever worked for will disappear before her very eyes. The big bad wolf blew all the houses down.
DhhD
(4,695 posts)funders apparently have lead many people to believe. Actually it is one of the largest and most sound pension systems in the United States and that is why billionaires like John Arnold, Ben King, and Pete Peterson want to get their hands on it. They want to charge the teacher to manage a fund that is managed for free by the state government. This is similar to when, GWBush wanted to remove the funds from the Social Security Insurance Trust Fund, turn it over to Wall Street to charge seniors and people with severe disabilities, a FEE to manage the benefits, instead of letting the federal government continue to manage the fund for Free. When Wall Street or some Foundation has control of the any Trust, it can use it to invest. Investing your money to lose it and then insuring the loss is exacting what caused the housing bubble to burst, by the big banks, during the Bush Administration. Those BIG banks went bust in 2007-08. And IF the Social Security Trust Fund would have been in the control of Wall Street when the banks went bust, in September 2008, like Bush tried to make happen, then we would have had a crisis of starving and homeless senior citizens and people with severe disabilities. Texans who did their homework stopped the destruction of the teacher pension plan in 2011. Texans doing their homework now, will stop the take over of the Dallas ISD from investment groups and billionaire hedge funders. Perhaps someone reading this will expose more of the names of the people behind the take over of the education in Texas and in all of America.
The American people bailed out the banks, at the insistence of GWBush and his appointees. These same people worked at the Big Banks before and after the GWBush terms.
Please feel free to to research the names above and Jeb Bush with regard to profiteering through the privatization of education in varies States in America. Texas Group and the DU site, has many post about this problem.
WhiteTara
(29,704 posts)was stopped because they are hungry wolves and I wonder if they will rest until they blow the house down.
kjackson227
(2,166 posts)... giving corporate subsidies/welfare to these companies that are brought in to Texas, they're going to have to make up some of this money from somewhere. Pensions of workers looks like the target, along with cutting education, and health care (for which there isn't much to cut in Texas).
DhhD
(4,695 posts)for an employer being told that your monthly contributions are going toward your old age. If no pension is to be paid, a person can start saving their own contribution to their own retirement plan so the interest goes to their account, not being stolen by some other investor.
Your thoughts about stealing and vulturizing pensions is a good campaign question for all extremist Tea Party Republicans, (to include the TX Legislature) as they are planning on defunding public education, removing the state property taxes to replace it with increased sales taxes, remove minimum wage, and move to REMOVE federal and STATE government in every way possible if they come to power. Perry and Dehurst were liberal compared to these vultures who won the TX GOP Primary.
Vote for Democrats.