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Changes in Wisconsin Retirement System

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Re: Changes in Wisconsin Retirement System

Postby snoqueen » Fri Jun 22, 2012 9:23 pm

If there's no such thing as a defined benefit (for the sake of argument), why would it be better to have your money with a private investment firm?
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Fri Jun 22, 2012 9:29 pm

peripat wrote:By the way, please post your documentation of President Obama asserting he is a socialist.


In late October 2008, when I wrote here at National Review Online that Obama had been a member of the New Party, his campaign sharply denied it, calling my claim a “crackpot smear.” Fight the Smears, an official Obama-campaign website, staunchly maintained that “Barack has been a member of only one political party, the Democratic Party.” I rebutted this, but the debate was never taken up by the mainstream press.

Recently obtained evidence from the updated records of Illinois ACORN at the Wisconsin Historical Society now definitively establishes that Obama was a member of the New Party. He also signed a “contract” promising to publicly support and associate himself with the New Party while in office.

Minutes of the meeting on January 11, 1996, of the New Party’s Chicago chapter read as follows:

Barack Obama, candidate for State Senate in the 13th Legislative District, gave a statement to the membership and answered questions. He signed the New Party “Candidate Contract” and requested an endorsement from the New Party. He also joined the New Party.

Consistent with this, a roster of the Chicago chapter of the New Party from early 1997 lists Obama as a member, with January 11, 1996, indicated as the date he joined.

http://www.nationalreview.com/articles/ ... nley-kurtz

I don't necessarily blame ol barack for joining a socialist party--I mean, he was a community organizer and there's not a lot of money in that.
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Re: Changes in Wisconsin Retirement System

Postby peripat » Fri Jun 22, 2012 9:45 pm

New party is not socialist- just a third party that is willing to mesh with the existing parties. I believe in Wisconsin it included the Greens. 'Avowed' means admitted or asserted. The President has never 'avowed' he was a socialist, probably because he isn't one. (He isn't even very liberal really). But to get back to the issue at hand, do you believe it is better to turn your hard earned money over to an investment firm in the private sector where a large amount of it will be used up by fees and corruption, or to invest it in a low cost government run stable fund?
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Fri Jun 22, 2012 9:50 pm

Henry Vilas wrote:Compared to other states, Wisconsin's benefits are modest and flexible, and the system is one of very few that is fully funded.


:D Then why all the hubub about Gov. Walker cutting the pensions of government union retirees? Are you saying that he has nothing to do with it then?
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Re: Changes in Wisconsin Retirement System

Postby peripat » Fri Jun 22, 2012 9:55 pm

Not exactly. The system is fully funded and stable but since Walker has a panel of his own investigating it the assumption is that he is planning to modify it so that more of the money flows to his friends in the financial industries and less to the people they system covers....you know, privatize it.
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Fri Jun 22, 2012 9:59 pm

snoqueen wrote:If there's no such thing as a defined benefit (for the sake of argument), why would it be better to have your money with a private investment firm?


more later...quick link with footnotes.

http://www.reforms.wi.gov/docview.asp?d ... &locid=185
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Re: Changes in Wisconsin Retirement System

Postby Stu Levitan » Sat Jun 23, 2012 12:17 am

peripat wrote:But to get back to the issue at hand, do you believe it is better to turn your hard earned money over to an investment firm in the private sector where a large amount of it will be used up by fees and corruption, or to invest it in a low cost government run stable fund?


As a future annuitant (if all goes well), I vote for low-cost government-run stable fund.
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Re: Changes in Wisconsin Retirement System

Postby Meade » Sat Jun 23, 2012 9:36 am

Stu Levitan, did you file a criminal complaint against the Walker supports who you confirmed were behind those robo-calls June 5th? You have evidence don't you? Evidence you are withholding?
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Re: Changes in Wisconsin Retirement System

Postby Henry Vilas » Sat Jun 23, 2012 9:48 am

Troll.
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Re: Changes in Wisconsin Retirement System

Postby Meade » Sat Jun 23, 2012 9:53 am

Is that what a troll is, Mr. Henry? Someone who attempts to affect an election by posting a rumor in a shameless attempt to affect a legal democratic election? Thanks for clearing that up.
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Re: Changes in Wisconsin Retirement System

Postby peripat » Sat Jun 23, 2012 10:10 am

And you make this comment on a thread where someone called the President of the United States an 'avowed socialist', repeated the lie that retired state employees have employer paid health insurance, an asserted that there is no such thing as a 'defined benefit' (the staple of insurance company sponsored retirement planning). Geez
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Re: Changes in Wisconsin Retirement System

Postby Henry Vilas » Sat Jun 23, 2012 10:10 am

A troll is someone who brings in an off topic argument, especially one you have harped on in other threads. Your issue has nothing to do with this ongoing discussion.
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Re: Changes in Wisconsin Retirement System

Postby Meade » Sat Jun 23, 2012 10:20 am

Henry Vilas wrote:A troll is someone who brings in an off topic argument, especially one you have harped on in other threads. Your issue has nothing to do with this ongoing discussion.

You mean, like a tangential discussion?

jman111 wrote:and I'll repost this from the tangential discusssion:
jman111 wrote:
snoqueen wrote:I can see the little wheels turning: "Hmm... how can we siphon some of that off for my buddies?"

jman111, on Fri Dec 30, 2011 at 1:41 pm wrote:I'm surprised there wasn't more discussion of this when the so-called Budget Repair Bill passed. This article discusses the possibility of terminating the current plan by paying out the accrued benefits so the state could move the remaining "excess" assets to the state's balance sheet- a move utilized by corporations to grab retirement funds from employees while increasing the risks to future pension payments.

It's coming....

oh crap....link is busted
try here

I'm looking, but I don't see where self-appointed forum policeman Henry steps in to discipline jman111.
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Re: Changes in Wisconsin Retirement System

Postby peripat » Sat Jun 23, 2012 10:27 am

Possibly because it was relevant to the discussion at hand? What is your position on the WRF? Do you think it should be turned over to private industry? Do you think it should be opened up to employees in the private sector?
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Re: Changes in Wisconsin Retirement System

Postby Henry Vilas » Sat Jun 23, 2012 10:29 am

Meade, what is your position on privatizing the Wisconsin Retirement System? State your case, if you have one. Otherwise, quit shitting on the discussion I started.
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