Weekend Reading – This is Why America’s In Trouble Edition

by Darwin on January 7, 2011

In the spirit of starting off the new year by trying to change the corruption and theft that is destroying America, I thought I’d highlight my favorite article of the week point out the absurdity of public sector worker pension abuses.  If you want to criticize Chris Christie or other politicians looking to reform pension abuses, please read this article if full.  It is an eloquent and factual account of the various ways government employees are fleecing the country – and if you mention it in your classroom like this professor did – the Sheriff will knock on your door and intimidate you into an apology – literally.  Incredible.  Take a look at THE SECRET SAUCE BEHIND BLOATED STATE PENSIONS.  I applaud MSNBC for hosting this article since they don’t normally cover what is typically a Fox-type story.  But this is just a microcosm of what public pensions are doing to the country everywhere.  If we don’t reign this in, we’re in trouble.

Now, on to better and brighter topics.  There were a bunch of great reads out there this week, so without further ado:

Around the Blogosphere:

Zac Johnson – Making money with Niche Websites

Zero HedgeAmerica Must Admit it’s Bankrupt

Burning PlatformYear of the Catch-22

Oblivious InvestorTracking Error Explained

WeakonomicsMMR You Crazy?

Money Crashers7 Habits of Successful Entrepreneurs

Five Cent Nickel5 Ways to Max Out Your Retirement

Yakezie Network:

Financial SamuraiA Weight Loss Tip To Die For

Consumerism CommentaryLow Savings Interest Rates: Good or Bad?

KNS FinancialIRA Contribution Limits for Both Roth and Traditional

Canadian Finance BlogMoney Saving Tips for College Students on a Budget

My Journey to Millions How to Avoid Debt – A Guide

Len PenzoHow Being Absentminded Resulted In A $2750 Year-End Windfall

Wealth PilgrimUnique IRA Withdrawal Penalty Solution

MoneyCrush The Secret to Success

Money BeagleProduct Sizes Continue To Shrink

Stuff I Wrote:

Carnivals that Graciously Featured My Content:

Best of Credit cards and Saving Money

Wealth Builder Carnival

Money Stories

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Carnival of Personal Finance

Canadian Finance Carnival

Carnival of Personal Finance

Canadian Finance

{ 9 comments… read them below or add one }

Money Smarts Blog January 7, 2011 at 10:59 am

That article on pension abuses is incredible. I normally think of corruption in government in terms of obvious things like bribes, but those abuses are just as bad.



Money Beagle January 7, 2011 at 1:23 pm

Thanks for the mention!


krantcents January 7, 2011 at 1:26 pm

Thanks for the information. I am going to start reading some of the other posts from the blogosphere.


Andrew @ Money Crashers January 7, 2011 at 10:06 pm

Appreciate the mention Darwin and awesome weekend reading!


Andrew @ Money Crashers January 7, 2011 at 10:13 pm

Thanks a bunch for the mention and awesome roundup of posts here Darwin!


Tom @ Canadian Finance Blog January 8, 2011 at 4:23 pm

Thanks for the link Darwin!


twentysomethingmoney January 10, 2011 at 1:50 am

Great links, thanks for sharing. Looks like I have some reading tonight!


101 Centavos January 10, 2011 at 9:27 pm

Every time I read an article like that about the incredible salaries of public officials, my blood pressure goes us a few notches…. breathe in, breathe out…..


Khaleef @ KNS Financial March 12, 2011 at 10:19 pm

Hey Darwin, thanks for including my article in your list! I am going to read the article that you highlighted, because I am both an NJ state employee and a Chris Christie fan (there are not too many people who fit into both camps)!


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