Yeah, damn them unions and their safety equipment!
Oh yes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
T-bonesforbrains does his best to distract and distort debate.............................................
about civil service union HOGS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I present here a classic illustration of what’s wrong with civil service Hog and LIE-beral logic-by re-posting a LIE-beral economic assertion, along with some comments of my own in brackets):
The Hog statement is this: Canada's Top Ten Pension Funds: Helping Drive National Prosperity.
"As managers of a major portion of all retirement assets in Canada and with more than $400 billion invested in Canada, the Top Ten public pension funds represent a major cornerstone of Canada's financial system and economy at large.
The Melbourne Mercer Global Pension Index, widely considered as the premier international ranking of retirement income systems, has found Canada's to be among the strongest in the world. The Index tracks more than forty indicators of system health in such areas as integrity, adequacy and sustainability. In 2012, Canada ranked sixth out of eighteen countries -- ahead of the United Kingdom, the United States, Germany, France and Japan, among others."
(Oh my-such a tangled web of nonsense being spewed by LIE-beral. As has been noted in the past, Canada is bankrupt. If you look at our best years-those few years just prior to the 2008 melt down-during which western civilization lived on borrowed money and gas prices were sky high-enabling Ottawa to run a surplus of 10-14 billion dollars on taxes from now dead Alberta oil sales-it would still have taken ONE HUNDRED FIFTY YEARS to make a dent in our total national debt!)
(Assume we had kept on producing those 10 billion dollar surpluses for the next 30 years-and that we used that entire 10 billion each year simply to pay down debt-after 30 years we would still have only paid half of our over 500 billion dollar FEDERAL debt! Then add in City of Toronto piling up ita half billion dollar deficits under David Miller. Throw in province of Ontari-owe with-in 2008-a 2.5 billion dollar deficit which has now been added to so relentlessly that Ontari-owe now owes over 315 billion dollars in debt. Add in province of Quebec with a pre 2008 deficit of about 4 billion that has been added to steadily over the years. Add in province of New Brunswick that ran a 14 billion dollar deficit in 2014-in a province with a population of 751,000 and God only knows what New Brunswick truly owes now- and we see that Canada would require close to about 100 years to pay the federal debt-with un-touched provincial and municipal debts soaring WAY PAST what the feds owe during that time!)
(IF-and it’s a BIG IF-we could have kept producing those 10 billion dollar surpluses-its clear from such simple math that it would take us HUNDREDS OF YEARS and maybe-considering how fast provincial and municipal debt is climbing-and adding in the Hog pension promises-it might even be up to 1000 years to pay down our ENTIRE national debt from all levels of govt plus pension promises!
And of course we don’t have those federal 10 billion dollars surpluses-what we have is a federal THIRTY ONE BILLION DOLLAR DEFICIT! WITH MORE PLANNED! Yeah-running up debts that may take up to a THOUSAND years and hundreds of generations just to pay off what we have already spent-PLUS the new debts currently being created by LIE-beral govt is GREAT money management-if you are a LOON!)
(The fact that we are less indebted than Europeans is a good thing. But we are NOT fiscally solvent! We are simply the LEAST dead broke of a gang of deadbeats who cannot pay their debts! And at some point printing money and publishing bullshit about our situation wont cut it any more and then watch out for falling debris from our collapsed economy!)
Far from being a fiscal asset-our civil service Hog pension plans are a harmful brake on our economy. Just how Big a brake these pensions are is illustrated by LIE-beral job creation projects-they offer up GOBS of money to any company willing to relocate here! Reduced electricity costs? No problem! Grants and ultra low interest loans for land and equipment purchases? Sure! Even Chinese bankers can set up here-just so long as they have dinner with Our brainless Boy prime minister and give a million dollars into his foundations! If high taxes and soaring electricity costs are not job killers then Why are LIE-berals so determined to prove that the only way to lure jobs here is to offer BREAKS on those govt costs? If lower taxes are good for luring jobs here then why are low taxes-in the Conservative model-not just as good for KEEPING jobs here?)
Ontari-owe LIE-berals were caught carrying 10 billion dollars of OSSTF-high school teacher union pension funds as assets-to make their deficit look less. Yet LIE-berals are struggling to come up with FIFTY FIVE BILLION DOLLARS in new pension gravy for OSSTF! Without that new pension gravy-which we DON’T HAVE-OSSTF pension fund will be bankrupt by about 2018 according to the out-going chairman of the pension management committee-and LIE-berals want to count part of that 10 billion-about to be depleted OSSTF fund as an asset? With fifty five billion in OSSTF DEBT standing in the wings? HAHAHAHAHA! LIE-beral logic!)
(Even worse, OSSTF is simply one of NINETEEN separate civil service unions who are all in DIRE need of MORE GRAVY or else their pension funds will collapse due to the huge entitlements of Hogs! This is Not a formula for aiding our economy, its tax madness KILLING our economy!)
(LIE-berals have turned our hydro system into a costly slush fund to which they quietly channel gravy to Hogs-gravy gouged from our wallets by smart meters and cunning global adjustments and delivery charges. LIE-berals have sold off a portion of Hydro to their pals and then closed the books so we cannot see their price gouging any more. Their carbon crap and trade scam will be a costly disaster since its modeled directly on the European version which is in utter disgrace. How does imitating dead broke Europeans benefit our economy?)
(Our ENTIRE govt-all four levels are focused on one single thing: HOW to gouge MORE GRAVY out of our hides without enraging voters to the point that huge masses of enraged citizens swarm the ballot boxes in the next election and sweep all LIE-berals into political oblivion! And OOPSIE-that ship might have sailed?)
(ALL aspects of LIE-beral policy are a TOTAL failure-INCLUDING that suddenly not so clever scheme to cater to Hogs for easy access to power. LIE-berals and Hogs have goofed badly-they forgot that the silent majority IS the biggest voting block in the land-and that HUGE block is PISSED at LIE-berals!)
(Its been about 3-4 decades since LIE-beral Pierre Trudope gave Hogs permission to invest their pension money OUTSIDE CANADA! Trudope saw that it would be better for Canada if Hogs kept their money in company stocks here-but it was better for Hog RETURNS on investment to get that third world money-and as always LIE-berals needed those Hog votes-so the foreign investments were allowed and Canada screwed! A great many of those third world companies that have done such a fine job of killing Cdn manufacturers and Cdn jobs were and are funded by Hog pension investments with BORROWED money that WE have to pay back! And how does THAT help us?)
(Civil service pension are funded with BORROWED MONEY-money that we CANNOT PAY BACK! Endless borrowing of money is not an economic driver-it is an economy KILLER-and the fact that LIE-berals want us to believe that borrowed money is good for us is part of the reason we call them LIE-berals!)