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Thursday, December 27, 2007

The retirements of our county and state government employees will consume us

The amount of guaranteed retirement benefits to our local and state government employees today exceeds what is in the banks. The obligations exceed the ability by about 50%, depending on the math and how it is figured. Bottom line is that the benefits provided by our local and state governments to their American employees, to include retirement benefits, has increased a lot, and many local voting people don’t know how much about this before they vote, to include how many weeks going into months they will have to work to pay all these promises. This will all come to a head within the next decade, probably sooner. In the meantime, these most wonderful services, and even local tax payer paid kangaroo courts about jobs continue. Specifically, a local government employee can be the judge, the jury, and the applier of justice even when someone gets fired for being lazy.

The obvious future choices are default, which may bring American generational warfare and civil war by our children and grandchildren; and a financial meltdown that will drag in the whole world. What a shame, since it does not have to be.

We can vote on all this. Living in a wonderful world is, well, wonderful. If only we could pay for it, vote for it, and finally pay for it within our means.

Perhaps we new world and USA voters can back down long enough to let our ideals and goals we set for politicians be caught up with financial reality. In all cases, we are a federal republic, not a democracy, and now is the time for American leaders to step in, and get elected. The choices, and options, are clear if our way of a new world American way of life is to continue. It is clearly not a republican party or democratic party way. That’s the beauty. We are a new world and American way.

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