5/27/2012 End of the World

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Well, now it's the 28th where I live. The world might of ended but I'm still alive.

Let's see here...

Fringe Pentecostal group with bizarre teachings, self-proclaimed prophets with little to no accuracy, setting dates for end-times events...

Don't drink the kool-aid!

....But while lies can win elections, they can’t pay bills, and as the unsustainable commitments to municipal and state pensions come due, services will be cuts, taxes raised and benefits to retirees will be slashed as reality sets in.
Already New York City pays more than $7 billion (and more than a tenth of its total budget) towards pensions to retired workers; cutting the assumed return from the absolutely hysterical current level of eight percent to the laughable level of 7 would add almost $2 billion more to the annual bill. To make a sensible and conservative long term assumption like the one used by most private companies would cost about $4 billion more. (Walsh and Hakim identify another $2 billion plus in liabilities due to rising life expectancies and growing disability claims among public sector workers and retirees.)
This means that fully funding its pension obligations in a responsible way would mean cuts of $6 billion per year from schools, firefighting and police on top of the $7 billion they already get. Note to retirees: that isn’t going to happen. Voters won’t stand for it — and they shouldn’t. It’s not fair and it’s not sustainable, and it’s not right.
Today we are seeing what happens when Big Lies come unglued: all over Europe people who believed those sweet delicious stories politicians told them about their pensions and their futures are waking up to one horrible shock after another. Somehow we’ve come to the point in this country also where it’s considered “liberal” and “progressive” to lie like rats to the voters and to government workers about how solid their futures are.
Listen up, blues. The mother of all wedge issues is knocking on your door: when the pension crunch comes, who will you throw to the wolves: the retirees, the unions and the producers of government services — or the schoolchildren, the poor and the consumers of government services?

The prediction was either for attention or the man is batshit crazy.

The prediction was either for attention or the man is batshit crazy.

Today is 28 May, 2012. To whoever predicted the End of the World yesterday I say: You are a schmuck.

ruveyn

its May 31 and I am still here and it seems that the world is still in tact.