Sunday, March 01, 2009

Thought for the day - Pensions Dual Standards

Sir Fred Goodwin's pension has proved a nice little distraction from this weeks ongoing financial disaster, and I would imagine is worth every bit of the 33 million pounds that it will cost the British Taxpayer as far as the Labour Party is concerned.

The news has been dominated by what is small beer, i.e. Fred’s pension in a week, when we were given news of maybe another 500 billion going on propping up Britain's Banks. Gordon Brown and Harriet Harman are milking it for all their worth, when maybe they ought to addressing more significant matters in the economy.

On the Andrew Marr Show, Harriet Harman was quick to dismiss the pension as “money for nothing” which of course it is, however when you look at the greater economy, there is a far bigger crisis in the world of pensions and that is the assumption that come what may, public sector workers are allowed to cream vast sums from private sector workers pay packets to fund their pensions.

As someone who is unlikely to benefit, I’d like to know why I’m taxed large sums to fund, police, fire service and others so that they can retire early, whilst at the same time in the private sector, companies are cutting wages and the government is quite happy to see the rest of us, work till we drop, just so they can park there noses in the trough.

The Sunday Times makes the pay freeze in private companies, front page news whilst Labour and compliant civil servants ignore the situation manipulating news just as they always do. I can’t help thinking there must be a point when enough is enough, but I’m probably wrong.

sundayThe culture of public sector workers helping themselves to the detriment of the rest of society, needs to be addressed, this last week locally we have seen the unseemly row where 8 of Kent’s top knobs have been carving up, a £100,000.00 bonus (for what is not clear) and even worse Paul Carter the Conservative’s top man in Kent has been defending it.

Is it me or has political establishment gone barking mad?


  1. Maggie knew how to give away public money. About 38 grand to every person who bought their publicly owned house at a discount. Gordon should have copied the boss. Except giving everyone a handout, not just the lazy sit on their backside council house tenants, to pay their credit cards and mortgages up to date. Debt problem solved, banks recapitalized.

    We have to cancel all public sector parasite pensions. Repay them the contributions they always bang on about.

  2. I must vehemently disagree with Sun Mar 01, 08:08:00 PM on one very crucial point. I currently dwell in a council property and work my arse off often getting up at 6am to start work right away and not stopping until 8 or 9 at night. It is not unusual to see me working away gone midnight having failed to even to stop to eat something.

    If that's lazy then we are all b****rd.

    Other than that it would be fair more logical to hand out the billions to borrowers. It would serve to create a large quantity of debt free property owners with possible invest income (that which might have otherwise been mortgage payments). This would lead to property spending and the situation would soon be good again.

    When little kids refuse to share their toys you do not give them ever more toys until they are happy to share. So why give banks ever more cash until they are happy to lend?