If I Had a Million Dollars, I’d Live Like a Retired Govt. Worker

Richie_Rich_comic_No_1As a kid I thought it must really be something to be a millionaire.  We read “Richie Rich” comic books and imagined how cool it would be to live in a mansion, with servants and cooks and an indoor swimming pool.

Of course, it was the impossible dream.  Only a rare few Americans could ever be that rich, and they were born to wealthy families.  Still, back then, life was good for most Americans.  Dads went to work, paid the bills, bought modest homes and Chevies, and took the family on a summer road trip to Mount Rushmore.  Moms stayed home, raised the 2.1 kids, attended PTA meetings, and always had a hot, healthy meal ready when Dad came home from work.

What happened?

A million bucks sure isn’t what it used to be.  With CDs paying maybe 1% interest at best, those who worked hard and saved a million dollars can now look forward to a retirement income of – wow – $10,000 a year.  Add that to social security income, of course, but still.   No indoor swimming pool.  No servants.

And it’s not like there are other investment opportunities for retirees.   The only guys making money in the stock market are the hedge fund operators and the machine traders buying and selling at the speed of light.  Municipal bonds pay a couple percent and are tax free – oh that’s right, most city and county governments are bankrupt.

There is one group of really wealthy American retirees.   Retired unionized government workers get guaranteed pensions.  Most receive over $60,000 per year.  There are many government employees who toiled for 25 or 30 hard years, sometimes even working over 35 hours per week behind a hard, cold desk with only 7 weeks of vacation and 15 holidays off each year.  Poor souls, at retirement they must make do with $100k per year plus full medical benefits.

Do the math.  In order to pay a retired teacher $60k per year, we American taxpayers are putting up $6 million at 1% interest.  The retired county engineer who receives a $100k pension requires a taxpayer investment of $10 million to fund his checks.

In an economy where many moms and dads both work long hours and are barely able to feed their families, let alone save anything for retirement, it’s hard to feel sorry for government employees who will retire with multi-million dollar nest eggs.

When I see a headline like this:

Obama Sequester Speech: Republicans Are Putting Economy At Risk To Help The Wealthy

I shake my head in amazement at the level of deceit our President and his followers continue to get away with.

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side
If I had a million dollars
We wouldn’t have to walk to the store
If I had a million dollars
We’d take a limousine cause it costs more
If I had a million dollars
We wouldn’t have to eat Kraft dinner

If I Had A Million Dollars – Barenaked Ladies

The Insults That Triggered our Declaration of Independence Are Here Again

On July 4, 1776, representatives of the States (not the nation) declared their Declaration of Independenceindependence from King George and Great Britain.  The document they presented to the world included a list of grievances against the King that justified their bold action.

There are grand passages from the Declaration that are widely quoted and remembered.  But the part that interests me today is the list of grievances.  These guys were really ticked off, and with good reason.  It surprises me how many of these “repeated injuries and usurpations” against the States exist today.

“Let Facts be submitted to a candid world”, they began.  Each complaint in the list begins with “He . . .”, referring to King George.  I can’t help making a mental substitution.

  • “He has refused his Assent to Laws, the most wholesome necessary for the public good.”  (We now have an administration that has stated it will choose which laws it wishes to enforce.)
  • “He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance.” (Over-reach and bloated, uncontrolled growth by the EPA, the BLM, HUD, Fanny/Freddy, Education, Labor, Energy, Commerce, Justice, Agriculture, Health and Welfare,  all of the “czars” – where do I stop?)
  • “He has combined with others . . . giving his Assent to their Acts of pretended Legislation for imposing Taxes on us without our Consent.”  ObamaCare is the tip of the iceberg.

Fortunately, we can redress our grievances today without the bloodshed our forefathers bravely endured.  We can again declare our independence by voting this fall to end the creeping tyranny that, left unchallenged, would destroy the freedoms our States have enjoyed for 236 years.

Tom Balek, Rockin’ On the Right Side

“Somebody Get Me A Cheeseburger!” – Steve Miller, ‘Livin’ In the USA