Saturday, February 25, 2012

Steve's barking at Bloomberg take on pensions

It's that time of year,when people like Mike Bloomburg make me feel like a fool.
Now you might ask, how can the great mayor of my great city make me feel like a fool?
I thought he was smart, but after hearing his rant that the city needs pension reform and making remarks that 7.5% on investments is unrealistic I'm beginning to question his intelligent.
If one was to buy triple A corporate bonds which are at an historic low you would get a yield over just over 4% after paying commissions. Now if my math hasn't failed me and you compound this four percent for 35 years (the expected working life of government workers) should be over 8%.
Now my businessman mayor said that it's common to have overruns, even in business, and I yelled at my painter for trying to charge me more because he misjudged the amount of paint to do my apartment. I guess I'd make a lousy business person.
I keep hearing about this pension time bomb, because people are living longer. Now if that's true my insurance company that I have my life insurance is going to explode too, after all they sell annuities which is almost the same thing as a pension, isn't it?
Now Capt Andy (Cuomo) is suggesting that under a new pension proposals that the state would pay up to 10% of pay matching 401k. This will help the state who up until this year was paying 3.5% of salary.

Thursday, February 16, 2012

Steve's at trouble ahead II

It's my understanding that that the Southern Europeans believe that only fools pay taxes. It's the great sport evading taxes. kind of like the rich in this country.
Greece has been austretitied back to the stone age.
The president and congress in it's great wisdom has decided in it's great wisdom to weaken Social Security in the name of tax cuts.
Big banks are cutting a deal with borrowers on mortgages that they don't own.( That's the banks).
Why do I feel that each Republican candidate is playing a game called I can be dumber then you?
I voted for Barack Obama in the democratic primary and he won, then why do I feel that we have a Hilary Clinton economic cabinet?
There are many in this country who claim that we are headed for a economic crises like the of Europe, read my first three sentences.
Is the unemployment rate in Germany true or is it being covered up by the fact that companies find it hard to fire employees, and keep them on at a very reduced pay?

*The is no such word as austretied, but unfortunately there is a word called austerity and austerity can bomb anyone back to the stone age.

Saturday, February 11, 2012

Steve's barking at the most religious man on tv Bill Maher

Bill Maher is the most religious guy on tv.
Bill Maher is an atheist.
Bill Maher never advovated the killing of anyone.
Bill Maher never advocated stealing.
Bill Maher advocates closing Gitmo (G-d made man in his own image, therefore man should not abuse man, for if he does he's abusing the image of G-d).
As far as I know Bill Maher never lied about any one, nor repeated a false statement about an other human being. ( thou shalt not bare false witness).
Because Bill Maher is an atheist and doesn't believe in religion, he can't be worshipping  it like so many do. (thou shall have no god before me).


*Thank goodness nobody reads this. Don't mess with people beliefs for they'll try to kill you in the name of G-d.
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Tuesday, February 7, 2012

Steve's barking at Fanny and Freddy part

I'm trying to understand what how the U.S government forced these two lending agencies to lend money for mortgages that weren't credit worth? Did they put a gun to the head of the president of these agencies and forced them to make these loans. Perhaps they put a horses head at thet foot of the bed of the lending agency heads. I don't understand how I can publish dribble like this without proof reading it first. I don't understand who claim to be strick constitionalist and are antiunion, but then again I don't know how I get up in the morning.

Sunday, February 5, 2012

Steve's Barkiing at a strange Freddy and Fanny world

We complain about Franny and Freddy Mac when they are run as if they are a for profit company, but we were sill ant when they were run by the government. This may be the one the only time that I think that did a better job then the for profit company. Well maybe not. Why don't I hear complaints from ost of those free market people about government backed student loans. Free enterprise were the lender can't lose money.