tag:blogger.com,1999:blog-5879846109601593261.post1537642277984383061..comments2024-02-08T06:15:12.164-08:00Comments on California Focus Syndicated Column: NECESSITY BREEDING GOOD PUBLIC PENSION IDEASCalifornia Focushttp://www.blogger.com/profile/04519309712423264033noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5879846109601593261.post-39917606909874684372010-07-04T07:16:28.472-07:002010-07-04T07:16:28.472-07:00Sorry to read that the failure of the private sect...Sorry to read that the failure of the private sector wages to keep people in the middle class has now impacting the public sector. When all of this is finished, the middle class in American will be reduced to a third world country. When the public sector gets hammered because the average pension is about 28000 a year and 42,000 for teachers, we are all in trouble. If 28000 is percieved as too much money, than the system is broken. IMHO, it is the private sector to blame because we were told to just free the private sector from all regulations and let us control our money. The private sector had its way for 30 years when regulations were illiminated by congress and four presidents (created during the Great Depression) and all worked great as long as we borrowed and spenT. It was great, taxes were lowered and the stock market soared as never before. Consequently, we spent, spent and spent more under all administrations. Now the money spiget is closed and nothing left to borrow and spend except to after those lavish 28,000 a year in pensions. Amazing!Stevenoreply@blogger.com