The Roanoke Slant

This file is a very brief journal and scrapbook and LTEs of some examples of the Roanoke Times slant. Comments to: lbhagen@roanokeslant.org

Sunday, January 22, 2006

 

Socialism Wins Big

USA Today, 1/17/06, Pg 6A: Pension funds fall short of guarantees. Chart showing public, private pensions compared.
Pension Example: Retire at 55 after 30 years on the job
Public employee: $35,400 per year
Private employee: $15,120 per year
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Are the government workers unions good or what?
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And this doesn’t reflect folks like the NYC transit workers who just went on strike while averaging $60 K per year. Their really big thing is that their pensions are primarily based on their last three years of "total" pay. During their last three years they have maximum seniority and therefore can "take" all the overtime they want to at multiples of their base pay rate. The result is that they can easily make way over $100 K per year, which their pension is based upon.
Is that a deal or what!
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As our commercial-industrial empire collapses and we downsize and our-source more and more folks will work for the government and we will soon arrive at the socialist situation that much of Europe has already achieved.
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