Cincinnati's underfunded pensions: Who should feel the pain - " taxpayers or employees and retirees?

Aug 2, 2013 | Posted by: roboblogger | Full story: Business Journal

The board that manages Cincinnati employees' financially addled pension system is wrestling with how much pain taxpayers and employees should feel in order to deal with an $862 million unfunded liability in the system.

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1 - 6 of 6 Comments Last updated Aug 18, 2013
Pops

Newport, KY

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#1
Aug 2, 2013
 

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The taxpayer should feel NO pain since WE have already paid the appropriate taxes.
The 'pension bill' should have paid as each payment came due.
But then again, why do voters almost everywhere keep being bought by politicians that present glittering gift wrap & bows only to find that when the gift wrap & bows are taken off there are onions & coal inside? Why are the majority of voters so selfish & STUPID & then whine & cry?
Voting is somewhat like parenting. NO test, NO minimum requirements, NO formal classes, NO certificates of accomplishment & just about anyone can do either one. All too often it is Sad
Kyboy

Asheville, NC

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#2
Aug 9, 2013
 

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Cincinnati is looking more like Detroit everyday.
Pops

Newport, KY

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Aug 17, 2013
 

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The ones that should feel 'the pain' are those 'representatives' that voted to divert the tax funds.Of course that will never happen. The same as the 'representatives' that diverted Social Security TRUST Funds' by actually voting to take the word TRUST out of the law. Then literally creating I.O.U.'s for what they 'borrowed' to balance the budget some years ago.
The public needs to start voting for fiscally responsible representatives.
This country can go bankrupt. Why in the world is there such a thing as a "Debt Ceiling" that congress needs to vote on year after year?
Donnie

Mount Gilead, OH

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Aug 18, 2013
 

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Pops wrote:
The ones that should feel 'the pain' are those 'representatives' that voted to divert the tax funds.Of course that will never happen. The same as the 'representatives' that diverted Social Security TRUST Funds' by actually voting to take the word TRUST out of the law. Then literally creating I.O.U.'s for what they 'borrowed' to balance the budget some years ago.
The public needs to start voting for fiscally responsible representatives.
This country can go bankrupt. Why in the world is there such a thing as a "Debt Ceiling" that congress needs to vote on year after year?
. They diverted social security because they are not in it- it's all about what they want- the same reason they exempted themselves from Obama Care- there are two classes of people- and we are bottom feeders- then they pick who you can vote for, as a good citizen! Talk about sheep- could we be any dumber? I think removal of all the vacationers and senior citizens in Washington is a must- but , I don't see that anytime soon- do you?
Donnie

Mount Gilead, OH

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#5
Aug 18, 2013
 
Donnie wrote:
<quoted text>. They diverted social security because they are not in it- it's all about what they want- the same reason they exempted themselves from Obama Care- there are two classes of people- and we are bottom feeders- then they pick who you can vote for, as a good citizen! Talk about sheep- could we be any dumber? I think removal of all the vacationers and senior citizens in Washington is a must- but , I don't see that anytime soon- do you?
. It is the same reason our Ohio lawmakers dwell on laws for puppy mills- speed cameras- and Cleveland kidnappers- and ignore puco fraud and SCHOOL funding!
Pops

Newport, KY

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Aug 18, 2013
 

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Which is why our reps should hsve the same medical plan as the average Joe or Jane. The same retirement plan, 2-4 weeks vacation plus I would allow them 2-3 weeks away from Washington or the state capitol IF & only IF they spent that time mingling with their constituents as part of their jobs.
Many are so removed from what the voter goes thru as to have a diminished understanding or ability to do their jobs.
Reps from the 1700's & early 1800's didn't even get paid. They had to rely on their civilian jobs & thusly knew what everyone had to deal with.

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