http://polhudson.lohudblogs.com/2009/05/29/state-pension-fund-plunges-26-percent/ Political news in the Lower Hudson Valley, New York state. Fri, 10 Feb 2012 18:16:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://polhudson.lohudblogs.com/2009/05/29/state-pension-fund-plunges-26-percent/comment-page-1/#comment-46143 smartporpoise Sat, 30 May 2009 17:23:14 +0000 http://polhudson.lohudblogs.com/?p=9714#comment-46143 Obviously no one really cares about another 25 billion down the drain, 25 billion that the already staggered taxpayer will be billed for. People around here are more interested in goats and romance, vis a vis Assemblyman Ball. Instead of bombarding these legislators with demands for fiscal reform and ending the stranglehold of the unions, we waste our time with old stories of polo ponies, recruitment offices, and one inconsequential assembly position. Meanwhile, the unconscionable spending increases, and the State stumble furthers into the abyss of bankruptcy. Pathetic. Is it any wonder we are in the situation we are in? Obviously no one really cares about another 25 billion down the drain, 25 billion that the already staggered taxpayer will be billed for. People around here are more interested in goats and romance, vis a vis Assemblyman Ball. Instead of bombarding these legislators with demands for fiscal reform and ending the stranglehold of the unions, we waste our time with old stories of polo ponies, recruitment offices, and one inconsequential assembly position. Meanwhile, the unconscionable spending increases, and the State stumble furthers into the abyss of bankruptcy. Pathetic. Is it any wonder we are in the situation we are in?

]]> http://polhudson.lohudblogs.com/2009/05/29/state-pension-fund-plunges-26-percent/comment-page-1/#comment-46127 ed1 Fri, 29 May 2009 17:15:53 +0000 http://polhudson.lohudblogs.com/?p=9714#comment-46127 Absolutely OUTRAGEOUS!!! The State Pension Fund gambles with the money, loses, and the taxpayer is expected to make them whole. If they make money, they keep it; if they lose money, Joe Taxpayer makes up the losses. If I had this deal, I'd bet the house weekly on the NY Giants game and sleep soundly no matter what the outcome. How do we allow this insanity to continue? Absolutely OUTRAGEOUS!!! The State Pension Fund gambles with the money, loses, and the taxpayer is expected to make them whole. If they make money, they keep it; if they lose money, Joe Taxpayer makes up the losses. If I had this deal, I’d bet the house weekly on the NY Giants game and sleep soundly no matter what the outcome. How do we allow this insanity to continue?

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