Quote:
Originally Posted by suesheboy
Lest see the question is pay employees who work and earn their benefits, or pay businesses who profit from taking risks?
People over businesses every day.
You have no idea what is going on in the USPS and the bull shit mandated extreme over-funding of pensions that is sinking them (or purpose) do you?
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you are looking at this wrong, there are people on both sides of the equation, "businesses" is just the way it's structured...
to over simplify a little, there are people that saved up some $$ ("savers"), and they lend out that $$ to others... but instead of lending it out directly, they buy into some for example "municipal bonds fund" run by some "business", that fund then lends the $$ that "savers" saved up to municipalities like Stockton California...
so now lets see, the people of Stockton California lived beyond their means for decades, elected officials who did nothing about it... and now when shit hits the fan, the "savers" who lent them $$ who probably never stepped a foot in Stockon California should take a hit for it?