Despite all the problems, I have to wonder whether Americans are ever going to connect the dots and understand that they can’t vote for the candidate who shows that “he cares for us” by promising to open the spending spigot full blast. In theory, it sounds great to give people a full pension and pay all their costs in their “vulnerable, retirement years.” Anyone who points out that we can’t afford that is portrayed as some heartless scold of a bookkeeper, and a lot of people believe it. Yet the facts are the facts. We can’t afford this. Its destroying the country. But way too many voters figure they’ll be dead when the s-—t hits the fan so they don’t do anything about it. Its “gimme gimme gimme and make future generations pay for it.”
Progressive government is built on group and identity politics, ever-growing government debt, and more confiscation of people's wealth and productivity through taxes and inflation.
This is all enabled by the Federal Reserve and our fiat money system.
Detroit cannot print money. Washington can. It’s a big difference.
Not that I don’t want to see SS reform, but the problems of the US federal pension system are fundamentally unlike the problems of Detroit’s.
Yes, 8% interest - in the land of ZIRP. ROFLMAO!
Can we stop promising massive gov't pensions? Please???
When the children figure out that they're working for $15 an hour, part-time, with no health care so that the Greedy .Gov Geezers can get paid 20-45 bucks an hour to walk out to the mailbox twice a month, along with GOLDEN forever health care, there will be a little bit of an adjustment.