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Topic: Retirement / What am I working for?

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847badgerfan

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Re: Retirement / What am I working for?
« Reply #112 on: Today at 09:59:36 AM »
As I've often stated, I just wish the politicians would do something, instead of kicking the can down the road.  Cut spending, raise taxes, shrink the gov't, whatever it takes.  I personally think some measure of all three could be combined, especially shrinking the gov't and cutting spending.  I think we could cut so much wasteful spending (Ukraine $$$ and other bullshit) it would go a long way, and be smart about what taxes to raise and when. 
No need to raise taxes, but everything else, yeah. The Government is FAR too big, and it's at most all levels in most all places. Municipal. County. State. Federal.

The town I moved from in Illinois has a Village Manager making $300K+/-, with a retirement income that will be the same (base pay) as his last day of employment - for life. He is now 57 and is one year away from full retirement. This is not sustainable.

U RAH RAH! WIS CON SIN!

Cincydawg

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Re: Retirement / What am I working for?
« Reply #113 on: Today at 10:02:23 AM »
There is literally no way Congress is going to meaningfully cut spending, zero.  If magically they did, they'd be out of office next election.

It's not a viable System.  They get elected promising to spend our (and borrowed money) on things voters seem to want, and lowering taxes often as not.


847badgerfan

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Re: Retirement / What am I working for?
« Reply #114 on: Today at 10:06:35 AM »
No need to raise taxes, but everything else, yeah. The Government is FAR too big, and it's at most all levels in most all places. Municipal. County. State. Federal.

The town I moved from in Illinois has a Village Manager making $300K+/-, with a retirement income that will be the same (base pay) as his last day of employment - for life. He is now 57 and is one year away from full retirement. This is not sustainable.


U RAH RAH! WIS CON SIN!

FearlessF

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Re: Retirement / What am I working for?
« Reply #115 on: Today at 10:10:56 AM »
The SSTF now is projected to run dry in 2035.  IF nothing is done, it would cut payments by about 25%, folks would still get a check.

I EXPECT a series of bandaids from Congress.  They show no inclination NOW to do anything in any bipartisan manner.  Any suggestion of any charge is the third rail thing.
and there's literally no way congress will let SSTF run dry or cut payments by 25%

the age group that cares about SS is the largest voting block
regardless of which side of the aisle or any other political leanings, they all want their SS check

similar to the idea that we will ALL be driving electric vehicles powered by windmills in 2035 - kick the can down the road another decade
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: Retirement / What am I working for?
« Reply #116 on: Today at 10:16:04 AM »
similar to the idea that we will ALL be driving electric vehicles powered by windmills in 2035 - kick the can down the road another decade
This of course isn't the "plan", such as there is a plan.

betarhoalphadelta

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Re: Retirement / What am I working for?
« Reply #117 on: Today at 10:21:27 AM »
This of course isn't the "plan", such as there is a plan.
It's the "plan" in California, set in place by a Governor who won't be Governor in 2035, so...

...it'll change sometime between now and 2035 when they realize the "plan" is unworkable. 

FearlessF

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Re: Retirement / What am I working for?
« Reply #118 on: Today at 10:21:51 AM »
there is no plan for anything

no plan for green energy
no plan for the future of SS
no plan for affordable housing or living wages

Hell, as far as I know, the SEC and the B1G don't have a plan for breaking away from the NCAA
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: Retirement / What am I working for?
« Reply #119 on: Today at 10:24:31 AM »
It's the "plan" in California, set in place by a Governor who won't be Governor in 2035, so...

...it'll change sometime between now and 2035 when they realize the "plan" is unworkable.
No, it isn't, even there.  They won't all be driving EVs in California in 2035 at all, even if the rule stands.  They won't even be at 50%.

betarhoalphadelta

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Re: Retirement / What am I working for?
« Reply #120 on: Today at 10:28:06 AM »
No, it isn't, even there.  They won't all be driving EVs in California in 2035 at all, even if the rule stands.  They won't even be at 50%.
Ahh, sorry. I sorta misread it. That "plan" or "rule" says that only EVs will be sold in CA starting 2035.

I'm saying that rule is NOT going to stand. 

You're correct that it won't take existing ICEVs off the road by 2035. 

FearlessF

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Re: Retirement / What am I working for?
« Reply #121 on: Today at 10:47:08 AM »
a rule is not a plan

the governor has no plan
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

 

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