Seize Public Employee Pensions to Augment a NJ Renewable Energy Blitzkrieg

[Winnie]

New Jersey’s Clean Energy program is one of the best in the country, second only to Colorado. However it needs more money and has been going through a roller coaster ride due to recent budget cuts. New Jersey’s Clean Energy Program benefits us all by pushing the envelope of developing programs and the human experience, similarly as the Space Program did. It provides good paying jobs, benefits to industry, economic growth all while making a measurable, beneficial impact on our environment.

New Jersey residents need to wake up to the fact that these State Employee Golden Parachute Pensions are no more then a Fiat Currency Fantasy, no more real then points on a video game. There is no way to sustain them.

Take State Troopers for example. They can retire after working 20 years at 75% of their top salary of $150,000.00 dollars per year for life, with life long benefits. What’s worse is they have to replace him/her with another one. Now you have to pay the new one and the retired one.
These pension funds should be SEIZED, LIQUIDATED and redirected into renewable energy mega projects that would bolster NJ’s infrastructure and attract industry which will be looking forward to reducing their carbon footprint once Cap and Trade passes.

Seizing Public Employee Pensions will restore the majestic beauty of this pale blue dot we call Earth and make the music, that we know as life even more beautiful as the eons pass.

[Barbecue]

Sounds like a plan to me, wrap it up and send it to Trenton.

[LopatLewis]

... then we can pay the retired cops to install the solar panels and windfarms! They'll make DOUBLE!!

[HEYBULLDOG]

Seizing Public Employee Pensions will restore the majestic beauty of this pale blue dot we call Earth and make the music, that we know as life even more beautiful as the eons pass.[/QUOTE]

You may have said this in jest.... but I wouldn't put it past this administration (the Federal Government) to take control of all the 401k's and all the IRA's floating out there to help curb their overwhelming debts they have created down their in D.C.......there is approx. 2 to 5 trillion dollars floating around in these accounts that the chop licking politicians could sieze in the name of "National Emergency"......it was done in the FDR administration when they seized all the gold in April 1933 (Executive order 6102) in the name of "National Emergency"............scary huh?.....

[Winnie]

The FDIC has already suggested seizing public pension funds and using them to prop up failed banks.

What would you rather have, failed banks absorb the money and blow it or my plan?

FDIC suggests seizing public pensions to prop up failed banks:
http://www.businessweek.com/news/2010-03-08/fdic-said-to-encourage-pension-funds-to-invest-in-failed-banks.html

Lopatlewis, policemen aren’t accustomed to doing actual work. However you made a good point. Through the proper kind of mind control, they could be duped into thinking there was something in it for them. This way they will go along with it. Once their resources were used up and projects near completion, we would pull the rug out from under them and install a type of ‘Green Police’ to monitor the public.

[HEYBULLDOG]

[QUOTE=Winnie;16047]The FDIC has already suggested seizing public pension funds and using them to prop up failed banks.

What would you rather have, failed banks absorb the money and blow it or my plan?

FDIC suggests seizing public pensions to prop up failed banks:
http://www.businessweek.com/news/2010-03-08/fdic-said-to-encourage-pension-funds-to-invest-in-failed-banks.html

I say let the banks fail completly and stop propping them up with our money.....and let only the fiscally responsible strong ones survive...capitalism thrives on competition and this will help nurture new ones to start up and invest in green projects and hopefully they learn from the much risky leveraging in the past....the FDIC (another failed government entity) is already on the verge of bankrupcy....the taxpayers will be on the hook for this agency also I'm afraid either directly in the form of more taxes or indirectly via the destruction of the dollar's purchasing power. Another bale of straw on the camel's back, and another reason to be concerned about holding paper dollars for the long term.

If you still trust the government to take care of you and yours when the feces hits the fan, you're on the path to financial disaster. But even in times of crisis, there are things you can do to protect yourself – for example, by betting against the insane machinations of the government and Fed. You can't make them stop, but at least you can profit from them............go short

[HEYBULLDOG]

[QUOTE=Winnie;16047]The FDIC has already suggested seizing public pension funds and using them to prop up failed banks.

What would you rather have, failed banks absorb the money and blow it or my plan?

FDIC suggests seizing public pensions to prop up failed banks:
http://www.businessweek.com/news/2010-03-08/fdic-said-to-encourage-pension-funds-to-invest-in-failed-banks.html

I say let the banks fail completly and stop propping them up with our money.....and let only the fiscally responsible strong ones survive...capitalism thrives on competition and this will help nurture new ones to start up and invest in green projects and hopefully they learn from the much risky leveraging in the past....the FDIC (another failed government entity) is already on the verge of bankrupcy....the taxpayers will be on the hook for this agency also I'm afraid either directly in the form of more taxes or indirectly via the destruction of the dollar's purchasing power. Another bale of straw on the camel's back, and another reason to be concerned about holding paper dollars for the long term.

If you still trust the government to take care of you and yours when the feces hits the fan, you're on the path to financial disaster. But even in times of crisis, there are things you can do to protect yourself – for example, by betting against the insane machinations of the government and Fed. You can't make them stop, but at least you can profit from them............go short