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alstry (36.24)

What Would Retirees Do?

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November 18, 2011 – Comments (3)


 ....if we told them that Social Security and their pensions were bankrupt?

Do you think they would protest too?

CBC.ca On this, deficit committee members agree: "Time is running out"

3 Comments – Post Your Own

#1) On November 18, 2011 at 2:52 PM, Teacherman1 (47.61) wrote:

I think they will protest in their normal way, "in the voting booth".

I  am not sure what you are comparing this to. Since retirees paid into SS and their pensions, why would they not be entitled to them?

They did not have a choice in paying into them, any more than todays "yet to be retirees" do. I think many could be receiving a much larger retirement check, if they had been allowed to invest those funds into something of their own choosing. Of course, many would not have done anything except spend it along the way.

If you are comparing this to OWS, what is it they paid into, that is being denied them?

Not picking a fight, but if you are going to throw something like this out, please explain what you mean, and don't simply post a link to an article.

Have a great day Alstry.

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#2) On November 18, 2011 at 5:56 PM, alstry (36.24) wrote:

They would be too hungry to make it to the voting booth in the current system.

Retirees paid into a bankrupt system.  The only reason they got paid was because the system was borrowing massive amounts of money to pay them over the last 30 years.

Choice is irrlevant when we are dealing with facts.....and the fact is the system is bankrupt just like those who worked and Enron and had lots of Enron stock.

Those that worked for Enron did not make a choice to bankrupt it.  Now we are borrowing $1.5 Trillion dollars of the KIDS money to keep the retirees retired....yet the kids have little or no opportunity?

And you think that is fair when the Kids had NOTHING to do with the current debt load they are suffering under?

The system is bankrupt due to the borrowing of the last 30 years...those that benefitted from the borrowing should also suffer.

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#3) On November 18, 2011 at 6:43 PM, Teacherman1 (47.61) wrote:

I'm quite certain that many retirees are suffering already.

The voting booth reference was in answer to how the retirees would protest.

As for borrowing to pay the retirees, the Govt "borrowed from" the trust, they didn't borrow to put money into it.

They are having to borrow to put back the money they borrowed from it.

If you want to blame someone, blame the politicians, they are the ones who made the choice to approve spending that there was no money to cover.

Blame human nature, and the constant need to wage war.

To single out retirees as the cause of all the problems is beneath you. Surely you can make a better argument than that.

Have a great weekend alstry.

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