Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Most Recent Comments
Cartoons & Photos
SEARCH
« China Warns U.S. About Debt Monetization | Main | Student Loan Forgiveness: Shrinking Along With State Budgets »
Friday
May292009

I left My Heart (And Fat Public-Employee Paycheck) In San Francisco

And you thought you were so smart to go to work in the private sector.  Take a look at this.  When applicable, some of the figures include overtime.  For nurse #1, her salary was in the $110k range and then added about $240k in overtime.  There are prison dentists making $300k per year from San Diego to Santa Cruz.  It's a racket.  Become a police officer, boost your overtime in the 5 years leading to retirement and retire at 42 with a pension worth $2 million.  Taxpayer suckas.

We must not have a bailout of California and other spoiled, bloated states.  Their public-sector employee unions need a stringent dose of recession reality.  The heyday is over.  And taxpayers from states more in touch with fiscal sanity should not be asked to fund the largesse of the grossly irresponsible.  At its core it's an issue of fairness and accountability.  Jefferson made it clear in the Constitution that the citizenry of one state should not bear the burden of another's misdeeds and miscalculations.  We can only hope Barney Frank (and his bill to back all municipal and state debt) and Tim Geithner (a sucker for any bailout plea) do not end up supporting the wrong actors again.

A chart that will have you foaming is after the jump.

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (4)

May 29, 2009 at 4:44 AM | Registered CommenterDailyBail
A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling and may soon be put on hold, according to people familiar with the matter.

The Legacy Loans Program, being crafted by the Federal Deposit Insurance Corp., is part of the $1 trillion Public Private Investment Program the Obama administration announced in March as a way to encourage banks to sell securities and loans weighing on their balance sheets to willing investors.

http://online.wsj.com/article/SB124346787723260427.html
May 29, 2009 at 4:44 AM | Registered CommenterDailyBail
Guest Post: FDIC Won't Rule Out Banks as Buyers of Toxic Assets

http://www.nakedcapitalism.com/2009/05/guest-post-fdic-wont-rule-out-banks-as.html
May 29, 2009 at 4:45 AM | Registered CommenterDailyBail
We are like a house with a gas leak...it all looks good from the street....... until one day....BOOM. I tell you ladies and gents this is about to become your WORST NIGHTMARE........TIMES TEN.
May 29, 2009 at 10:57 AM | Unregistered CommenterAin't Bullshittin'

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.