OPEB.pdf (2708.4 KB)
Click on the above. Read as much as your heart can stand and you will see why taxes for everyone must rise and rise, and rise. OPEB is the description of unfunded benefits to government retirees that are paid from everyone's taxes, government employee or not.
Again, sorry; no Taxes are going down, none of them! The needs are even worse than known due to unfunded and under-funded promises that are now coming home to roost. OPEB is perhaps the least known issue that will drive huge demands for tax increases, on top of all those already being discussed...schools, roads, water & sewer, even real estate TAX will pale compared to this demand on local and state budgets just to make up for taxes not demanded from us when they should have been to meet promised benefits. You are not going to like what this internet site will show. Maybe you should just not read it. I tried and gave up.
This Internet Site was provided by Roger Leonard who is always trying to wake us up.
13 comments:
Please tell me when the pain will quit. I am already working for the government paying taxes until June of every year. That is right, more than 40% of my pay goes to pay taxes: Real Estate, Sales, Personal Property, Food, Hotel, Gas, Income to State and Feds, Excise, Phone and TV, Electric/Utility, Social Security, Medicare, and taxes on selling my home or property, buying a car or truck, when I get a ticket for court, and on and on!
Taxes in this country is like getting caught by a pack of vampires and they do suck you dry! I used to think it was terrible for the taxes my parents had to pay in CANADA, but the good-ole-USA is now worse than there. Taxes and government spending is just out of control and getting much worse. I did not mention that I have to pay hundreds if not over a thousand dollars each year for a CPA to figure out how I might lessen my taxes on income to try to keep some of my hard-earned money each year in January. This entire issue is getting out of hand and I do not want to hear how someone wants more of my tax dollars for things like the Suffolk Center of Cultural Waste, Hotels, or so on. They need to build roads and bridges, pay police and fire fighters, pay the garbage man and the guy who fixes the pot-holes and get rid of the rest. The reason that taxes are so bad is that those in government seem to feel they need to find "new-revenue", which is more taxes and fees on us. There are already over four-hundred fees charged just by Suffok alone, so how will we afford all this and more?
The blood suckers just never end!
One could only hope that the Swine-Flu would thin the ranks of the do-nothings that want another paycheck.
Its not the blood suckers wanting anything. Yhe blood suckers are the liberals in D.C. who run the plantation and want to share the wealth. Once again its gobmint and the idiots who many voted for. They wanted hope and changey..Our crew here are no different, you got money, we will tax it and spend it..
It will only end when they do not believe they can get any more. That will be never as they are optimistic that you can always make more for them to tax and spend, just ask them! And yes I alos do inculde the locals in that assessment.
Taxes are high and going higher. I pay to much now and will have to pay more I am sure. We pay for to much benefits for city employees and that is not a doubt. When the City Manager is paid more in a car allowance than many make in this City, something is wrong! Time to think on council before they give our money away.
I just left work and got home and it is getting bad in City Hall. The word going around is that money is really getting tight and something must be done. I only have a few months to go to get out of the mad-house, but it looks like they continue to search for ways to raid our wallets. Many fear job loss, others fear Ms City Manager and her temper. As money gets tight, she is getting edgy and easy to flare-up and it looks to get even worse. I only wish that they would offer an early buy-out and I would be gone.
It looks like there will be some push to raise the milrate next year and you have not seen the end of higher fees either. The other thing is the black-eye about the Christmas Parade. Her magnificence feels that the issue has gotten out of hand and is not understood by the polls. To say she is upset about the heat of the subject from some, especially those she has helped in the past like the SCCA group is an understatement. The word is that the Parade is going nowhere for now. The only thing going NORTH will be your tax-rate and fees! The other thing of discussion is the elections to come in 15 months or so. Many of us are hoping for some change with Gardy, Parr and Brown, but we don't really expect much. IT would be nice to see Parr go away as he is a real nit. I can not stand to be in the same room with that man!!!!!!!
Getting outraged and all bent out of shape over what "might" happen is not a sign of a healthy mind. This country has the lowest tax burden of any developed country in the world, so quit your whining.
12:58 define developed nation. I believe it is to the contrary we are among the most heavily taxed nations in the world. The proof is the exodus of corporations overseas and further substatiated by our government considering double taxation for domestic and overseas revenue (profits).
Anyone want to bet that ANON July 31, 2009 12:58 PM is a government worker with his snout deeply in the public pay trough? To state that we are not seeing higher taxes and even more so each day is ignorant at best and just a lie at worst! While there are a few places with higher taxs here and there, the good-ole' USA is becoming the tax capital of the world and as "The One" continues down the path of socialisum it will get worse. :(
We hear in yesterday's news programs the probability of new taxes to fund the balooning deficit will considered in the Autumn. Wow what a surprise since the healthcare fiasco was rushed before anyone could consider how to pay for these entitlement. It will likely come as a Value Added Tax VAT and will be a tax on top of a tax. However there is one entitlement program considered that will never see passage; Reparations for blacks. You see for the rest of our lives we will be Obama's and the Democrat party's slaves.
The only question to ask is: How is it possible for anyone to believe that government can spend more and not raise taxes? Government makes no money to speak of and only spends what it take from the people.
So I ask again: How is it possible for anyone to believe that government can spend more and not raise taxes?
I just downloaded the OPEB link above this post. While I really don't understand much of it, I do understand that this is going to be another nail in the coffin for any attempt by our council to hold taxes down and lower costs.
How is it that we hear our city manager is doing so well when this type of unplanned cost sneaks up on us? How can they miss something this big and costly and say that the manager is doing so well? Who should have been looking at this if not the manager? WE get to pay again!
The pile of economic data indicating that the worst of the recession is over just keeps growing. In the past few weeks, the government has reported that businesses last month shed the smallest number of jobs in nearly a year. The savings rate, after rising rapidly, held steady at levels not seen in at least five years. And from April to June, productivity surged to a six-year high.
But the same data also explain why any recovery isn't going to feel like one anytime soon for millions of Americans. Its existence will be confirmed by statistics, but, over at least the next year, the benefits are unlikely to materialize in the form of higher wages or tax receipts or more jobs.
"It's going to be a recovery only a statistician can love," Wells Fargo senior economist Mark Vitner said.
A few recent pieces of data offered reasons for both hope and trepidation.
The Labor Department reported Tuesday that business productivity jumped in the second quarter to a seasonally adjusted annual rate of 6.3 percent, far higher than the annual average of 2.6 percent from 2000 to 2008.
Higher productivity helps raise living standards in the long run and is good for corporate profits because it allows companies to produce more without paying higher labor costs. But the boost in productivity was largely due to businesses slashing hours faster than output. Labor costs per unit fell, but so did the buying power of workers, further constraining already weak consumer spending, which accounts for 70 percent of the economy.
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