Another One Bites The Dust
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  • Kenny

    1. Under no circumstances should taxes be raised to cover pension costs. Instead, the obscene benefits should be cut.

    2. And please, don’t not use the term ‘government workers.’ Given the slow pace at which they move, ‘government employees’ is more appropriate.

  • Walter Sobchak

    The one who accepts promises in lieu of cash is the one who will suffer:

    “Otter: Flounder, you can’t spend your whole life worrying about your mistakes! You f[oul]ed up… you trusted us! Hey, make the best of it! Maybe we can help.”

  • Mahon

    Fairies from Neverland aside, what they are hoping is that the S&P500 will be 30% higher 2-3 years from now and go up 6% pa from there, which would make things look a lot better. It has happened before, but it’s hard to see why it should happen now unless we really change direction in this country (and elsewhere.)

  • LarryD

    I’ll bet that defined contribution plans will start to look pretty good, after enough pensioners get stiffed.

    At least you know your pension is being funded, and you aren’t being deluded that you have no risk.

  • Brian Klem

    Governments shouldn’t be spending money for such purposes in the first place, it undermine societal cohesion.

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