Kasich looks to extract savings from pensions

[upstatecajun]

Source: Columbus Dispatch

Thursday, March 17, 2011 03:07 AM
By Jim Siegel



Public workers in Ohio who already were worried about weakened collective-bargaining powers now have a new paycheck-related concern: Gov. John Kasich wants all of them to pay more for their pensions.

State Budget Director Tim Keen said the shift would cost state- and local-government workers - and, in turn, save state and local governments - $1.1 billion over the biennium. More than $1 billion of that would come from the local level, he said.



Read more: http://www.dispatchpolitics.com/live/content/local_news/stories/2011/03/17/copy/kasich-looks-to-extract-savings-from-pensions.html?adsec=politics&sid=101

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http://www.facebook.com/pages/The-Liberal-Ohioan/195130570504421

[Angry Dragon]

1. Is he also going after elected official pensions??

I have yet to see any one saying elected officials should give up any of their pensions or pay more
Where is the equality in that??

[madmom]

2. Yes indeed, what is their part in this "shared sacrifice"?

[atreides1]

5. "shared sacrifice"

It's a new oxymoron...like bipartisanship.

[no_hypocrisy]

3. Hey, teachers in NJ were already paying into their own pensions and the State took their money to

close a budget gap. For ten years. Purpose: to pay for tax cuts.
http://gratewire.com/topic/doesnt-anyone-remember-former-nj-gov-christine-whitman

And now the State won't repay the money it took out.

What's to stop Kasich from doing the same thing to Ohio public workers?

[atreides1]

4. What's to stop Kasich

Nothing...because it's probably what he plans to do!

[howaboutme]

6. Sounds exactly like Social Security

The surplus was stolen to fight wars and give 6 and 7 digit tax cuts to those such as the financiers and hedge funders who paid no social security.

[peace13]

7. If my memory serves me right he already raided the fund once.

His Lehman Bros days gave him a hotline to state retirement funds. Oops, sorry folks those are long gone. Johns gonna need your help again.

[Avant Guardian]

8. First they come for your pension

Then they come for your wages.

[Skink]

9. I'd pay more for Social Security if the benefits were raised.

[brentspeak]

10. Shouldn't Kasich be in prison for destroying Ohio's economy via NAFTA and Lehman Bros?

Kasich's election as Ohio's governor is more that we live in an upside-down United States.

[plumbob]

11. "Extract" what a pleasant word for "steal" makes you think of

pleasant aromas; vanilla extract, lemon extract.

How do you extract something? Squash it completely flat and dead, leaving nothing but the dried out husk or rind. Yep, good word.

Why people like Kasich have not been extracted already, I cannot guess. Of course, there is not much of a market for shit extract.

[corpseratemedia]

12. +100

[aquart]

13. I propose a law that anyone who tries to steal a pension hangs.

It is murdering the promised future and it should be punishable by death.

[plumbob]

14. Second that!

Call the question!