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echo: debate
to: MATT MUNSON
from: BOB KLAHN
date: 2011-12-31 19:37:34
subject: Real Priorities First

...

 MM> I agree, 2011 with Scott Walker and Rick Snyder. But
 MM> Democrats havent done good either, Solyndra and subsidized
 MM> cars that the market does not want. 250,000 in subsidies
 MM> for each chevy volt.

 That $250K is for the first 6000. Add another 6000 and it
 becomes 125K. Make it 60000 volts, cars not EMF, ant it becomes
 $25000. If it hits 600000 cars it's $2500/car. And so on.

 MM> That is irresponsible.

 Not for R&D.

 MM> Both political
 MM> parties have blood on their hands. I do agree that public
 MM> employees deserve fair compensation, but we should not
 MM> defer their pay to future generations such as their
 MM> pensions when we don't know if we could afford these
 MM> obligations in the future where we do have a pension crash
 MM> coming soon.

 Do we? Why? Most public pension funds I have read about are
 required to fund 30 years into the future. Wisconsin's is funded
 withing a fraction of 1% of 100%. Ohio's was funded 87.7% last I
 looked. With those plans funded in the stock market, That's a
 good reason for the gap.

 Before we cut anything, I want to see future funding calculated
 on the basis of unemployment at under 5%, not the 15% real
 unemployment we now have.

 If we get real umemployment down under 5% we solve most of our
 problems. If it doesn't come down, there might not be a country
 to worry about.





BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

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