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(Philly.com)   It turns out that gutting pension funds for fun and profit may have some negative consequences down the road   (philly.com) divider line 5
    More: Followup, Mount Kilimanjaro, retirement crisis, actuarial tables, Organization for Economic Cooperation  
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3938 clicks; posted to Politics » on 29 Dec 2013 at 2:10 PM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
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2013-12-29 01:37:57 PM
2 votes:
Well, the obvious answer is for the US government to promote the virtues of excessive tobacco and alcohol consumption for the over 50 citizens.
2013-12-29 04:24:15 PM
1 votes:

Your Hind Brain: Smoke it.


I would rather smoke fish, turkey, polish sausage, etc.  Smoking the pot seems like a waste of time and would likely make everything I cooked in it taste like arse.
2013-12-29 04:22:45 PM
1 votes:

Your Hind Brain: ReverendJynxed: Your Hind Brain: ReverendJynxed: Thrag: pmdgrwr: Well I guess this is the result of entitlement and living beyond our means. Really the only people to blame is yourself. Yourself for not saving enough, yourself for voting for the same politicians who put the government finances in the red, yourself for living outside your means. America was a great country once and has not been for almost 30 yrs living in the past does not pay for the future.

People with pensions did plan for their retirement. Do you not understand what a pension is? It is part of a workers compensation no different in that respect from an agreed upon salary.

They planned, poorly.

There's only so many ways you can diversify you income in a middle-class scenario.

Plan for poverty and you'll be prepared.

Give us your specs and road maps.


Dollars = 0
Food = Dumpsters
Shelter = Overpass

I'm keeping my maps to myself. I don't want anyone stealing my best dumpsters.
2013-12-29 02:24:40 PM
1 votes:
2013-12-29 01:50:49 PM
1 votes:
"Now, they face a demographics disaster as retirees live longer and falling birth rates mean there will be fewer workers to support them. "

I REALLY dont see a problem here. The retirees will need to not retire and fill those jobs. Or immigrants. Not really rocket science


doyner: As a Gen Xer I don't have a problem with retirement benefits being adjusted to align with life expectancy or means tested.  What I do have a problem with is the BS reasoning that they have to be slashed because of deficits--deficits created by people who had no intention of paying for the causes of those shortfalls to begin with.


So let's look at what happened.
80's high deficits
90's shrinking deficits
00's high deficits

It is ALMOST like half of the people, and half (or more) of those soon to be retirees voted to create the problem that will now affect them. GOOD.
Time for THEM to pay for the bullshiat problems that they created.

So we will have more and more old people in the food/service industry? meh
I really have no problem with these people getting screwed.

Hopefully the youngers will figure something out. Rather than just getting screwed by the people who kept voting for more and more debt.
 
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