Thursday, July 28, 2011

Having trouble with all the potential ballot initiatives..?

... don't worry, we've got you covered.

Over at The Liberator Today, B-Daddy has a great round-up of San Diego ballot initiatives, including the one that has been grabbing all the headlines of late here locally: city worker pension reform. Here's B-Daddy in response to criticisms of the proposed defined contribution 401(k)-style retirement plan:

People just have to get more informed about managing their own money, starting with the view that their 401(k) contribution should be maximized, and their lifestyle reduced to live on the rest of their income. If that doesn't leave enough spending money, then find more lucrative work, get a promotion, cut back on spending, or something, but don't expect taxpayers to foot the bill and the future risk. This is a huge culture change in America, but twenty years from now, people will look back and wonder what all the fuss was about.

The fact that we are having a discussion vote on whether or not a group of people that are living on the tax-payer dime should be required to live within their own means and keep their fiscal house in order is somewhat mind-blowing but such are the times we live in.

The day of reckoning is here, folks because math wins. Math always wins.

Please check out the rest of B-Daddy's ballot recommendations, here.

No comments: