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Comments
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Hmm my pension was paid in advance. Guess my employer doesn't know how pensions work!2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work? -
Defined benefit, great for old people, bad for companies. Defined contribution, sustainability.creepycoug said:
Not entirely true. Pension assets are a thing.2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
Read a few 10-Ks. It's a prominent disclosure item theses days. -
Of course I was being sarcastic. And yes pensions should be setup where they are funded at the time of earning like 401k plans are. For both businesses and governments. And even many businesses and governments who did fund them used shitty assumptions so they were/are vastly underfunded.creepycoug said:
Not entirely true. Pension assets are a thing.2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
Read a few 10-Ks. It's a prominent disclosure item theses days.
That being said, accounting rules the last few years have tried to do a better job of getting the proper assumptions in the calculations where they are better funded. -
Only at HH can a thread about D-Day morph into a debate about underfunded guvmint pension liabilities.
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Fuck off. This video was made in late 2011, just about the time that Congress took Obama’s checkbook away. If it wasn’t for that, the Economy still wouldn’t have recovered.2001400ex said:
You bag on Rachel Madcow ( rightfully so). But then get your economic history from that hot girl?UW_Doog_Bot said:
For the record, lots of economists agree and that the New Deal was horrible policy. Video is a bit dry, but decent, and she's hot. So maybe even @Swaye will watch it on mute.YellowSnow said:
The conservatives at the time thought the POTUS in 1944 was the left wing appocolypse.Sledog said:The uber lefties on the board are appalled we attacked those poor hapless Germans who were just minding their own business.
https://www.youtube.com/watch?v=xWAgt_YCNuw
Of course, all the poly sci/social science majors will tell you that the New Deal was a huge success bc reasons...
FDR's death probably saved us all a lot of socialist bullshit.
Ok! -
Your version of history is skewed. Remember when Obamacare was going to crater the economy? Death panels and shit.salemcoog said:
Fuck off. This video was made in late 2011, just about the time that Congress took Obama’s checkbook away. If it wasn’t for that, the Economy still wouldn’t have recovered.2001400ex said:
You bag on Rachel Madcow ( rightfully so). But then get your economic history from that hot girl?UW_Doog_Bot said:
For the record, lots of economists agree and that the New Deal was horrible policy. Video is a bit dry, but decent, and she's hot. So maybe even @Swaye will watch it on mute.YellowSnow said:
The conservatives at the time thought the POTUS in 1944 was the left wing appocolypse.Sledog said:The uber lefties on the board are appalled we attacked those poor hapless Germans who were just minding their own business.
https://www.youtube.com/watch?v=xWAgt_YCNuw
Of course, all the poly sci/social science majors will tell you that the New Deal was a huge success bc reasons...
FDR's death probably saved us all a lot of socialist bullshit.
Ok! -
In advance? As in, you took a lump sum? What does that mean?Sledog said:
Hmm my pension was paid in advance. Guess my employer doesn't know how pensions work!2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work? -
Just reacting to the Ponzi scheme comment.GrundleStiltzkin said:
Defined benefit, great for old people, bad for companies. Defined contribution, sustainability.creepycoug said:
Not entirely true. Pension assets are a thing.2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
Read a few 10-Ks. It's a prominent disclosure item theses days.
ERISA isn't exactly toothless legislation.
Company's with DB liabilities have to manage them. Not Ponzi them. -
It means they paid for it while I was employed. HTH.creepycoug said:
In advance? As in, you took a lump sum? What does that mean?Sledog said:
Hmm my pension was paid in advance. Guess my employer doesn't know how pensions work!2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work? -
Maybe those ESL classes aren't working so well.Sledog said:
It means they paid for it while I was employed. HTH.creepycoug said:
In advance? As in, you took a lump sum? What does that mean?Sledog said:
Hmm my pension was paid in advance. Guess my employer doesn't know how pensions work!2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
"Paid in advance" sounds like you got the money dumb dumb.
The rest of us would say that your company's pension liability was "fully funded."
Dumb fuck. -
So what you are saying is that you don't speak sledog. Got it.creepycoug said:
Maybe those ESL classes aren't working so well.Sledog said:
It means they paid for it while I was employed. HTH.creepycoug said:
In advance? As in, you took a lump sum? What does that mean?Sledog said:
Hmm my pension was paid in advance. Guess my employer doesn't know how pensions work!2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
"Paid in advance" sounds like you got the money dumb dumb.
The rest of us would say that your company's pension liability was "fully funded."
Dumb fuck. -
2001400ex said:creepycoug said:
Maybe those ESL classes aren't working so well.Sledog said:
It means they paid for it while I was employed. HTH.creepycoug said:
In advance? As in, you took a lump sum? What does that mean?Sledog said:
Hmm my pension was paid in advance. Guess my employer doesn't know how pensions work!2001400ex said:
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.SarkFanSixtyNine said:
LOL2001400ex said:
You don't understand how pensions work. But nice talking point.SarkFanSixtyNine said:
whats fucktarded about funneling fed money to your people and putting off dealing with the massive unfunded liabilities that plague every state2001400ex said:
What's the burden of proof? Let it be known that you are saying that the state auditor is fucktarded.RaceBannon said:Take it easy kid. It'll be all right. Obama will still let you suck him off
You do know he's caught on tape laughing about the shovel ready jobs that idiots like you fell for
I will prove Washington did what I said tomorrow then you get banned until September
In?
Ok I couldn't type that with a straight face. But still, I want to see your "proof".
how do pensions work?
"Paid in advance" sounds like you got the money dumb dumb.
The rest of us would say that your company's pension liability was "fully funded."
Dumb fuck.
» show previous quotes
They are a Ponzi scheme where retirees are paid with current revenue sources, rather than funded at the time of earning. Which requires the business or government to grow indefinitely.
It was in response to Hondo I somehow thought an accomplished law clerk such as yourself could have grasped the concept when compared to a "ponzi scheme paid with current revenues". I was wrong again. And I am never wrong. Ask my wife.
