tag:blogger.com,1999:blog-573188106264061392.post1180764723405210217..comments2024-03-28T05:47:44.752-05:00Comments on RIFLES AT DAWN: Stand By for the Big LiesTim Morrisseyhttp://www.blogger.com/profile/00457723301178870851noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-573188106264061392.post-73593222522648449372012-06-20T09:05:25.829-05:002012-06-20T09:05:25.829-05:00Dad29 is validating your point,Tim.Dad29 is validating your point,Tim.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-573188106264061392.post-86201573812304541282012-06-20T08:58:28.105-05:002012-06-20T08:58:28.105-05:00Oh...you mean the WRS which is vastly under-funded...Oh...you mean the WRS which is vastly under-funded?<br /><br />"But use standard market valuations — change the expected rate of return from a sky-high 7.2 percent to a more conservative Treasury bill rate — and suddenly Wisconsin’s pension system is underfunded by $70 billion.<br /><br />Using that assumption, the state pension plan is just 60 percent funded." (See: http://www.wisconsinreporter.com/wi-lauded-pension-system-not-so-strong-under-market-test)<br /><br />So exactly WHOSE "pocket will be picked"?<br /><br />My bet: the taxpayer's. <br /><br />Of course, State/local employees could actually step up their contributions instead, like private-sector folks do. But that wouldn't be in your interests, would it?Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-573188106264061392.post-2013028484186103592012-06-18T10:14:01.894-05:002012-06-18T10:14:01.894-05:00Gary J, unfortunately I have to agree with The Wal...Gary J, unfortunately I have to agree with The Wall (above). And, to be honest, given Hovde's roots in Wall Street, I wouldn't be a bit surprised if he would come out in favor of "reviewing and revising" the state retirement system. Even though he's running for "national" office, as a member of the Wisconsin delegation, his voice would carry some weight with the other pols in the state. I gave up on trusting politicians to do what they say they're going to do, years ago. The only thing that matters to them is votes and getting re-elected, so the only way to stop this crap is to make our voices loud and clear to the pols that our state retirement system does not need reform or revision.Tim Morrisseyhttp://www.timmorrissey.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-573188106264061392.post-34448110643802125442012-06-17T10:40:08.519-05:002012-06-17T10:40:08.519-05:00Hovde will join the republican lockstep we've ...Hovde will join the republican lockstep we've seen before once elected. No matter what they campaigned on once republicans stepped foot into Fitzwalkerstan any indications of representing constituents went out the window.The Wallnoreply@blogger.comtag:blogger.com,1999:blog-573188106264061392.post-91609610970513796712012-06-16T11:37:14.574-05:002012-06-16T11:37:14.574-05:00I would care no more for Mr. Hovde's thoughts ...I would care no more for Mr. Hovde's thoughts than for the thoughts of any random fellow at the next barstool. Mr. Morrissey has this completely 100% correct.Jhttp://thedailytissue.comnoreply@blogger.comtag:blogger.com,1999:blog-573188106264061392.post-17063970431768603152012-06-15T11:43:22.370-05:002012-06-15T11:43:22.370-05:00Plenty of Eric Hovde on Twitter. Maybe send him th...Plenty of Eric Hovde on Twitter. Maybe send him the link to this blog entry and make your request.Hieronymous Knickerbockerhttps://www.blogger.com/profile/17595084830114588686noreply@blogger.comtag:blogger.com,1999:blog-573188106264061392.post-50630446907576587292012-06-15T09:48:10.711-05:002012-06-15T09:48:10.711-05:00Tim...any way to run this scenario by Eric Hovde?....Tim...any way to run this scenario by Eric Hovde?....this guy, even though running as a Republican seems to have Populist Ideas...he also has a grasp of finance....I would be curious to hear his take on the WI Retirement System, merits and faults...with your vast resources is there any way that this could be accomplished?Anonymoushttps://www.blogger.com/profile/11269885092397479159noreply@blogger.com