10/19/10 In the news: French Pension Protests. Masked youths clashed with police officers and set fires in cities across France on Tuesday as protests against a proposed hike in the retirement age took an increasingly radical turn.
Idiots! Sure the government screwed up plus the baby boomers will be retiring very soon putting more pressure on retirement funds plus people are living longer putting more pressure on retirement funds and there will be fewer, percentage wise, people paying into the funds making the gap between what is available and what is required even wider; but, “Idiots, what is your solution to the problem? You just want to get yours even if it bankrupts the government? Open your foolish minds and try to help yourself and your countrymen (and women). Recognize the larger problem and say, ‘Yes, I want to be part of the solution.’”
Golly I really got wound up there. Thank goodness nothing like that will happen in this country. We aren’t just for ourselves and damn the rest of the population. We know that we will have to make sacrifices for the good of our country and our fellow citizens. We…. About now you should be wondering what drug I’m on because we, the majority of us, not you and I of course but the majority, will vote against any sensible way to save social security like making the retirement age older or even dispensing with cost of living increases. Some people are getting riled up because the cost of living hasn’t gone up so they aren’t getting an increase in their social security check.
We blame the politicians but we are the problem and the tea party solution of throwing the bums out is not the answer because if the new politicians want to be reelected, they will have to be bums. Several years ago a Maine representative the US Congress voted for closing a military base in Maine. It was the right vote for the good of the country. Usually the politicians work it out so that everyone can vote for the narrow interests of the state, take cover as it were, while others make the hard vote, though not hard for them because the vote doesn’t affect people in their state. This representative was slaughtered by his opponent in the next election on that one issue. Politicians are not as dumb as we may think. They just do things that are dumb for our country but smart in getting reelected by a dumb populace.
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Just a note that there is no social security tax on income over 100,000 (or something close to that). If we removed that cap, that would go a long way toward extending SS without raising the retirement age or reducing cost of living increases.
My goodness, that would increase the tax on rich people and we already know they don't like that. They wouldn't demonstrate, they would just spend money on politicians, probably more than they would pay if the SS cap were removed but they really don't care about the money as long as it doesn't go to taxes.
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