More Clinton On Defined Benefit Plans

Whatever your opinion of wikileaks you have to give them credit for the way they present the material they pilfer.

Using their search feature brought out another insight into how our next president* will handle the pension crisis that directly impacts millions of people already while most everyone else ignores it.

On Sep 18, 2015, at 5:36 PM, Nikki Budzinski  nbudzinski@hillaryclinton.com> wrote:

Ms. Blistan-Thank you for joining Hillary on the NEA hosted teletown hall this Wednesday. She appreciated the opportunity to listen to concerns and answer questions from NEA leadership from around the country. Unfortunately, as you note, there was not enough time to address everyone’s questions. The NEA forwarded along to the campaign your important question on the pension crisis and we were able to present the question to Hillary for response. Please find below her thoughts on the issue.

“We owe it to our seniors and working Americans to ensure that they can retire in dignity. I believe in the importance of meeting our commitments to retired public employees, and I know it is critical that we continue to protect defined benefit plans that provide a secure retirement benefit for workers. If workers hold up their end of the bargain by contributing their share from each paycheck, there is simply no excuse to shortchange those workers – and by extension their communities.”

Though possibly the most telling aspect of the Podesta emails is that whey you search for MPRA (the most significant intrusion by government bureaucrats into the pension crisis) all you get is this link. It’s not on their radar even at this late stage.

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* The assumption that Clinton will win stems primarily from a drive home from work I took on election day 2009 when ‘reformer’ Chris Christie was challenging deeply unpopular Jon Corzine (whose ex-wife even turned on) through West Orange where Democrat operatives (could tell from their ‘Vote for Corzine’ vests) were going door-to-door. Though admittedly outside the political system it is hard for me to believe that these polls showing a tight race are not flawed because they do not take into account the massive amount of work party machines do on election day (robo-calling, driving senior citizens, email blasts – and that is only the legal stuff). Clinton has the Democrat machine behind her to do these things while Trump seems to have alienated a good chunk of those Republican cogs.

15 responses to this post.

  1. Posted by Anonymous on November 2, 2016 at 2:46 pm

    NY on November 2, 2016 at 11:08 am
    Hillary’s minions also don’t seem particularly fussed about the consequences of shifting pension funds’ assets to private equity (as long as their guys get a spot at the trough)…

    https://wikileaks.org/podesta-emails/emailid/35238

    > Hey John:
    >
    > Will look into. When is your dinner? Tonight?
    >
    > Gene
    >
    > On Mon, Jun 1, 2015 at 11:26 AM, John Podesta > wrote:
    >
    >> I’m having dinner with a bunch of minority owned private equity
    >> firm guys, who were key financial supporters of Obama. I think they have a
    >> chip on their shoulders that Obama never leveled the playing field to let
    >> them compete for federal Gov’t pension asset investments. Unlike States, I
    >> didn’t think the federal government placed pension funds with PE firms. I
    >> thought TSP operated under one master contract with only vanilla index
    >> strategies. Am I missing something?

    Reply
    Anonymous on November 2, 2016 at 2:05 pm
    Thanks for the lead in, the Fed is where the moneies, or in this case liabilities, are – chow!

    https://www.google.com/amp/s/amp.businessinsider.com/us-government-7-trillion-pension-shortfall-2016-4?client=ms-android-huawei

    Reply
    Anonymous on November 2, 2016 at 2:24 pm
    Ok so is wikkileaks that pro RNC or maybe just pro Trump? Where does their money and information trail lead, in the US and abroad?? I mean is the Donald that squeaky clean they don’t have anything of substance on him???
    Follow the yellow brick road to Putin’s Russian hackers…..

    Reply

    Reply

  2. Posted by steve on November 2, 2016 at 5:02 pm

    You have two choices here–black beard or robin hood both clearly criminal–the dumb one (that got caught) or the smart one (that is yet to be caught)-you have to make the anonymous decisions ——- Is wikkileaks a paul revere or a benedict arnold ? time will tell

    Reply

  3. Posted by Anonymous on November 2, 2016 at 5:20 pm

    Fair enough but I’m certain Trump’s servers have been or can be hacked. My suggestion to the upcoming Clinton administration is keep the FBI Director on and have him conduct the investigation into Wikkileaks, Trump, and the hackers whomever they may be – then can the SOB!

    Reply

  4. “If workers hold up their end of the bargain by contributing their share from each paycheck, there is simply no excuse to shortchange those workers – and by extension their communities.”

    How about if they cut political deals to reduce their contributions, reduce their retirement age, and increase their pensions?

    “We owe it to our seniors and working Americans to ensure that they can retire in dignity. I believe in the importance of meeting our commitments to retired public employees.”

    Only public employees? What about those in younger generations, who are poorer, and will pay for what older generations took but were unwilling to pay for?

    Reply

    • Posted by Anonymous on November 3, 2016 at 10:03 am

      Love your optimism, now I got it your a motivational speaker….. Wonder how our grandparents would have responded to your words of wisdom?

      Reply

  5. More and more people are beginning to realize that Defined Benefit plans like public pensions are not sustainable, including the private sector which has more or less done away with them. Here is my solution to this looming crisis that is only going to get worse without any correction of course:

    https://drive.google.com/file/d/0B90sU3A85q46OE9BZHJFSWEzbGM/view?usp=drivesdk

    Please help spread the word…

    Reply

  6. Posted by Anonymous on November 3, 2016 at 1:05 pm

    Propaganda.

    Reply

  7. Posted by Jkonine@google.cm on November 3, 2016 at 5:04 pm

    Worthless crap

    Reply

  8. Posted by Anonymous on November 3, 2016 at 9:21 pm

    No one should assume their employer will do right by them, especially if it doesn’t benefit them in some way.

    IF the Fed is going to get involved in private and/or governmental DBP then a (very hard to do) value conversion to applicable Fed DBP must be adopted by ALL participants. This include SS applicability.

    Reply

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