richandmer

Public Employee Pensions are Going the Way of the Model T

I live in Oregon and I find it very unfair that state and county government are providing a pension program much better than the average citizen receives. In fact, I have heard that many gov employees receive more in pension than they earned as a salary. Also, they are guaranteed at least 8% return on the money that is set aside for them.

Because of this, I find it difficult (impossible) to approve any new taxes while my family finds itself without a pension and only our 401 to support us in retirement. Gov workers seem to be able to retire young and make a great living because the rest of us are working longer and harder than ever.

The citizens can't seem to get off this treadmill because there are now too many people working in government. Seems like the only way to break this is for the state to go banko.

U.S. Equities Shudder on Economy Fears; Emerging Markets Getting the Love - WSJ

YOu mention the high priced Shanghai China stocks, but what about the China ADR Stocks? There is quite a bit of difference between the two.