[RealJustme]

Those damn greedy insurance companies, taking everyone's money lying and scheming then shafting those who paid in, time for justice. Why the hell do we have to keep bailing them out, where is the accountability?

[RealJustme]

Ooops my bad, it's ran by our government, I thought it was one of the corrupt greedy private companies, nothing to see here move on.

WASHINGTON (AP) — The deficit run up by the federal agency that insures pensions for about 41 million Americans has nearly doubled, to $62 billion. And the agency says that without changes, its program for pension plans covering 10 million of those workers will be insolvent within 10 to 15 years.

[Clownkicker]

Now RealTool might understand why liberals are upset about Republicans like Romney raping the pension funds of the companies they acquire and dismantle. It leaves the government to pick up the tab for the pensions stolen by Republican greed.

And when someone calls for increasing premiums to the proper level, once again Republicans whine about government raising taxes and fees on corporations.

[johnforbes]

Clownlicker has pronounced neuro-cognitive deficits.

[RealJustme]

Now RealTool might understand why liberals are upset about Republicans like Romney raping the pension funds of the companies they acquire and dismantle.

Actually clown if you were paying attention you would have noticed I'm talking about the "government pension plan" being 62 Billion short, are you saying Romney acquired the government? There is no private pension plan in the sorry state our government's is in.

[Clownkicker]

"Actually clown if you were paying attention you would have noticed I'm talking about the "government pension plan""-RealSlow

YOU may be talking about the "government pension plan" but the article isn't.

The article is talking about the pension plans of private companies.
The government is once again paying for the failures of private business, as always, just like the bank bailouts.
But do you blame corporations for their failure to meet their commitments?
No. You're just another reactionary hypocrite.

[Clownkicker]

"His Lordship has pronounced neuro-cognitive deficits."-johnficulnean

^^^^^^Once again the board dimwit logs in with nothing.
RealTool doesn't know what he's talking about and johnny is so stupid he's commenting on the pretend deficits of anyone but his own and RealTool's blatant cognitive failings.

[RealJustme]

Clown is trying to distract from Obama owning this mess, he's in charge of the government, they failed! They're 62 billion short of funds on insurance money they collected to manage the pension funds. My, my, my, imagine a government agency that gets it wrong!

[Clownkicker]

They do not MANAGE the pension funds, you moron.

They INSURE the pension funds against corporate mismanagement.

[Clownkicker]

Did it ever occur to you to look at your own thread title, dimwit?

You said it yourself: "Pension Insurer" ran deficit
In other words, they aren't charging corporations enough in premiums.
If you're here advocating raising government fees on businesses to cover losses the way private insurers do, then just say so.

[johnforbes]

Clownbroker has a history not only of penury, but also of neurological deficits clearly compromising his cognitive function.

Fortunately, the VW pension plan doesn't hinge upon the quality of Clownslacker's postings, which we all know is sadly lacking.

[RealJustme]

In other words, they aren't charging corporations enough in premiums.

Name a government agency that operates efficiently without cost over runs. The government said they could run the pension insurance 62 billion dollars cheaper than the actual costs. The liberals response is always (just take more money). I'm betting they paid out over $300 billion in fraudulent claims and diverted money to liberal causes, they need to be replaced with a civilian agency and Obama called on the carpet for his mismanagement and placing unqualified cronies into hand out money to his causes that was meant for pensions.

[Clownkicker]

Well, whatever you do, RealTool, don't provide any evidence to support your wild, idiotic, unfounded nonsense. :lol:

Innuendo; the only remaining argument for the reactionaries.
You and johnny are cut from the same cloth; a lot of incessant yammering and never anything to back it up.

If you don't have the integrity to just admit you misunderstood your own article, at least spare us the grasping for straws in a desperate attempt to save face.
It only makes you look more stupid. (If that's even possible)

[RealJustme]

The clown comes back for more kicking!

What about the government pension insurer being 62 billion in debt don't you understand? Unions and mismanagement has caused this government agency's failure, the guy running it was hand selected by Obama, not Romney. :lol: :lol: :lol:

[Clownkicker]

"What about the government pension insurer being 62 billion in debt don't you understand?"-RealDense

Well, I guess it's the part about them NOT being $62 billion in debt, of course.
Again, read your own thread title, for Chrisake. Don't you understand any of the crap you post?

A "deficit" and a "debt" are not the same thing, you moron.
At the moment the program is still solvent. They simply ran a deficit this year.
That means they paid out $62 billion more in claims than they took in in premiums.
And that means they are depleting their reserves too quickly, not that they are broke, dimwit.
All they need to do is raise their premiums to the market rate for insurance like any private insurer would instead of merely subsidizing conservative greed.

C'mon, Tool, come back begging to be kicked in the ass again as I am forced to repeatedly expose the unfathomable depths of your ignorance.
Or you could just come back and admit you misunderstood the article.
But dishonest clowns like you never do that. You'll come back flailing desperately and simply double down again. :lol:

[RealJustme]

A "deficit" and a "debt" are not the same thing, you moron.
At the moment the program is still solvent. They simply ran a deficit this year.

8-) The clown returns for more kicking.

So let me get this right, when the government owes more than they have in their budget, it's not called a debt, it's called a "deficit" but let a private company owe more than they have in their budget it's call an unpaid "debt" got it.

[johnforbes]

Clowntoker has been beaten more times than a rented mule.

[RealJustme]

The clown will be back, the insane always repeat themselves no matter how wrong they prove to be.

[Clownkicker]

"His Lordship has been beaten more times than a rented mule."-johnfaineant

Perhaps, but never by you you or The Tool, johnny. :lol:

[johnforbes]

Young master Clownflabber, please be real.

This is the Internet, with no somatic implications.

Still, Clowntoker has been beaten more times than a rented mule.

[Clownkicker]

"...the insane always repeat themselves no matter how wrong they prove to be."-RealTool

Wow, The Tool finally realizes he's insane.
He doubles down ---again. :lol:


"So let me get this right, when the government owes more than they have in their budget, it's not called a debt, it's called a "deficit" but let a private company owe more than they have in their budget it's call an unpaid "debt" got it."-RealMoronic

No, predictably, you still didn't get it right. What you said doesn't even vaguely resemble anything I said.
Go look up the meaning of the words "debt" and "deficit" before you make a fool of yourself again.

But I'll help you a bit, Tool.
Let's say "The RealTool Insurance Company" has $1,000,000 sitting in its account going into 2014.
Then this year you took in $100,000 more in premiums but, because it was a bad year, you had to pay out claims of $162,000.
You have a deficit of $62,000 for the year, but you still have no debt.
What you have is $938,000 sitting in your account.
I wouldn't panic, but obviously this can't go on forever. You must raise premiums.

(Let's watch the smoke start to come out of RealTool's ears while he tries to figure out how his insurance company has no debt when it clearly had a deficit in 2014.)

[Clownkicker]

"This is the Internet, with no somatic implications."-johnfadoodle

The word "beaten" doesn't necessarily hold any somatic implications either, you absolute moron.
Anyone with any brains would understand that.
Unsurprisingly, you didn't.

[Grog]

AIG is JustFreedManMe's broker, and AIG says...

[RealJustme]

"So let me get this right, when the government owes more than they have in their budget, it's not called a debt, it's called a "deficit" but let a private company owe more than they have in their budget it's call an unpaid "debt" got it."-RealMoronic

No, predictably, you still didn't get it right. What you said doesn't even vaguely resemble anything I said.
Go look up the meaning of the words "debt" and "deficit" before you make a fool of yourself again.

But I'll help you a bit, Tool.
Let's say "The RealTool Insurance Company" has $1,000,000 sitting in its account going into 2014.
Then this year you took in $100,000 more in premiums but, because it was a bad year, you had to pay out claims of $162,000.
You have a deficit of $62,000 for the year, but you still have no debt.
What you have is $938,000 sitting in your account.
I wouldn't panic, but obviously this can't go on forever. You must raise premiums.

Told ya he would be back for another kicking...what's that have to do with the government agency spending $62 billion more than their budget? Why not just admit they screwed up and mismanaged money tax payers entrusted them with?

[Grog]

2007-08 proved that private business is the best way to go.

[tvd]

'07 - '08 was caused by the government. Plain and simple. FNMA, and government regulation on loan offerings.

And that too was started when Clinton was in office. I tell ya guys, Clinton set up the perfect storm.
No oversight by SEC.
No enforcement of illegal alien entry.
New lending rules causing unsound loans to be created.
Soft on terror. Bin Laden allowed to get away.

and on and on.

[johnforbes]

I was reading about the debt in Illinois.

A relative retired there as some sort of public school official and she gets like 100k per yr pension.

Well, until the state goes belly up?