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Post by bxjetfan on Jan 15, 2017 13:22:08 GMT -5
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Post by southparkcpa on Jan 16, 2017 8:47:45 GMT -5
Very soon the interest on the debt will exceed GDP. Beyond fucked at that point. What is also NOT counted but is counted in private companies under GAAP is pension and health liability. The average "file clerk" in any government function, when they leave is provided health care and a pension. The value of that is NOT on the books in governmental accounting. Its ENOMRMOUS. What would it cost to provide Joe Postal worker $70,000 a year from age 55 to death? Well..its in the millions. |
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Post by Ff2 on Jan 16, 2017 18:11:25 GMT -5
Very soon the interest on the debt will exceed GDP. Beyond fucked at that point. What is also NOT counted but is counted in private companies under GAAP is pension and health liability. The average "file clerk" in any government function, when they leave is provided health care and a pension. The value of that is NOT on the books in governmental accounting. Its ENOMRMOUS. What would it cost to provide Joe Postal worker $70,000 a year from age 55 to death? Well..its in the millions. Jealous? You shoulda been a letter carrier. Why do have no respect for the working man? Don't forget to add in COLAs. |
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Post by southparkcpa on Jan 16, 2017 19:30:14 GMT -5
What is also NOT counted but is counted in private companies under GAAP is pension and health liability. The average "file clerk" in any government function, when they leave is provided health care and a pension. The value of that is NOT on the books in governmental accounting. Its ENOMRMOUS. What would it cost to provide Joe Postal worker $70,000 a year from age 55 to death? Well..its in the millions. Jealous? You shoulda been a letter carrier. Why do have no respect for the working man? Don't forget to add in COLAs. I do very well financially.... I'm not concerned for me. I simply use it as an example of how the government isn't about helping the end user, it's all about the benefits that accrue to government. If FEDEX had a payroll plan like the Post Office, they would go under. A system proven to kill any business is devestating our national and municipal finances all for the select, incestious few let the people be damned. |
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Post by Ff2 on Jan 16, 2017 19:44:19 GMT -5
Jealous? You shoulda been a letter carrier. Why do have no respect for the working man? Don't forget to add in COLAs. I do very well financially.... I'm not concerned for me. I simply use it as an example of how the government isn't about helping the end user, it's all about the benefits that accrue to government. If FEDEX had a payroll plan like the Post Office, they would go under. A system proven to kill any business is devestating our national and municipal finances all for the select, incestious few let the people be damned. I'm just joshing with ya bud. Are you singling out mail clerks or are should we gut police/fire/military retirement as well? |
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Post by southparkcpa on Jan 17, 2017 5:32:12 GMT -5
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Post by Ff2 on Jan 17, 2017 9:18:13 GMT -5
Without knowing what these folks did the list is meaningless. Maybe they deserve it. Top tier execs in the private sector get compensated well too. Hell, they get multi millions just to resign. If good benefits aren't offered we guarantee the worst people will get the jobs. |
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Post by Ff2 on Jan 17, 2017 9:20:28 GMT -5
Jealous? You shoulda been a letter carrier. Why do have no respect for the working man? Don't forget to add in COLAs. I do very well financially.... I'm not concerned for me. I simply use it as an example of how the government isn't about helping the end user, it's all about the benefits that accrue to government. If FEDEX had a payroll plan like the Post Office, they would go under. A system proven to kill any business is devestating our national and municipal finances all for the select, incestious few let the people be damned. The PO was never designed to turn a profit. Its a public service. Thats like asking why dont the Police turn a profit? Otherwise Farmer Ted in rural Iowa would have to buy a $20 stamp to mail in his electric bill. |
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Post by DDNYjets on Jan 17, 2017 9:25:42 GMT -5
Unfunded liabilities. Very scary thing.
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Post by Trades on Jan 17, 2017 9:34:58 GMT -5
Without knowing what these folks did the list is meaningless. Maybe they deserve it. Top tier execs in the private sector get compensated well too. Hell, they get multi millions just to resign. If good benefits aren't offered we guarantee the worst people will get the jobs. Other than health insurance no one is FORCED to pay for things from private companies. WE are forced to pay for government programs which is why they are supposed to be responsible and keep the government small. |
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Post by southparkcpa on Jan 17, 2017 9:40:00 GMT -5
I do very well financially.... I'm not concerned for me. I simply use it as an example of how the government isn't about helping the end user, it's all about the benefits that accrue to government. If FEDEX had a payroll plan like the Post Office, they would go under. A system proven to kill any business is devestating our national and municipal finances all for the select, incestious few let the people be damned. The PO was never designed to turn a profit. Its a public service. Thats like asking why dont the Police turn a profit? Otherwise Farmer Ted in rural Iowa would have to buy a $20 stamp to mail in his electric bill. I worked with many... a 100K pension for a mid manager accounting person? Where you see "Service department" that is Police. There are thousands of them with pensions over 100K. They deserve to be taken care of. Its a very tough job. There was a candidate who talked about capping public pensions at 75K or not counting overtime or reducing them when SS kicks in. All are worthy of conversation. Any way.. back to work for me. BTW, I put 59K in my pension plan this year.  |
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Post by Ff2 on Jan 17, 2017 9:44:09 GMT -5
The PO was never designed to turn a profit. Its a public service. Thats like asking why dont the Police turn a profit? Otherwise Farmer Ted in rural Iowa would have to buy a $20 stamp to mail in his electric bill. I worked with many... a 100K pension for a mid manager accounting person? Where you see "Service department" that is Police. There are thousands of them with pensions over 100K. They deserve to be taken care of. Its a very tough job. There was a candidate who talked about capping public pensions at 75K or not counting overtime or reducing them when SS kicks in. All are worthy of conversation. Any way.. back to work for me. BTW, I put 59K in my pension plan this year. Would YOU apply for a job that capped your pension at 75K? Be honest. I don't believe in caps, but we can talk about plans connected to the market (as with us private jamokes) rather that set percentages. The set percentage is the killer. And good job on the 59K. When do you think you will retire? Im hoping in 3 years, I've had enough! |
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Post by Ff2 on Jan 17, 2017 9:49:47 GMT -5
Without knowing what these folks did the list is meaningless. Maybe they deserve it. Top tier execs in the private sector get compensated well too. Hell, they get multi millions just to resign. If good benefits aren't offered we guarantee the worst people will get the jobs. Other than health insurance no one is FORCED to pay for things from private companies. WE are forced to pay for government programs which is why they are supposed to be responsible and keep the government small. Now you are taking about the size of government vs. compensation. Different issue. |
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Post by BEAC0NJET on Jan 17, 2017 9:52:27 GMT -5
I worked with many... a 100K pension for a mid manager accounting person? Where you see "Service department" that is Police. There are thousands of them with pensions over 100K. They deserve to be taken care of. Its a very tough job. There was a candidate who talked about capping public pensions at 75K or not counting overtime or reducing them when SS kicks in. All are worthy of conversation. Any way.. back to work for me. BTW, I put 59K in my pension plan this year. Be honest. I don't believe in caps, but we can talk about plans connected to the market (as with us private jamokes) rather that set percentages. The set percentage is the killer. And good job on the 59K. When do you think you will retire? Im hoping in 3 years, I've had enough! To work at the post office? Sure. Have you seen the folks working at the local post office? Although I like the idea of not counting overtime more than just capping it. That seems to be one place they get inflated? |
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Post by southparkcpa on Jan 17, 2017 9:55:32 GMT -5
I worked with many... a 100K pension for a mid manager accounting person? Where you see "Service department" that is Police. There are thousands of them with pensions over 100K. They deserve to be taken care of. Its a very tough job. There was a candidate who talked about capping public pensions at 75K or not counting overtime or reducing them when SS kicks in. All are worthy of conversation. Any way.. back to work for me. BTW, I put 59K in my pension plan this year. Would YOU apply for a job that capped your pension at 75K? Be honest. I don't believe in caps, but we can talk about plans connected to the market (as with us private jamokes) rather that set percentages. The set percentage is the killer. And good job on the 59K. When do you think you will retire? Im hoping in 3 years, I've had enough! 75K?? Name ONE job in the private sector that does that? Why should we the public provide things not available to us? So yes, I would f that was my calling. I am actually in favor of the govt putting 7-10 percent of your pay in a fund and then you put in some and that is your retirement. Me? I could retire now I suppose, but I have let a bunch of clients go, rarely take on a new client unless its money management and only work 3.5 days a week from May 1 to Dec 31. I fully enjoy what I do, the relationships, the clients I have etc. I just signed a 5 year lease so Im good for 5 at least but we'll see. Our health is a bigger concern. Im doing everything possible to have no stress. |
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