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To: kabar

What do you mean, I don’t understand. I understand all that BS perfectly well. And I also know the republicans are trying to preserve it only for the ones that are collecting now. You didn’t even freaking read my post. So any answer you have is irrelevant now. I am in perfect agreement that those coming after need a better retirements system and said so.


17 posted on 05/13/2012 4:52:47 PM PDT by RowdyFFC
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To: RowdyFFC
I don't think you read or understood what I wrote and linked you to. The entitlement programs are unsustainable. They must be reformed. The Reps are trying to hold harmless those who are 55 or older. That may or may not work.

If the entitlement programs are not reformed, they will consume the entire federal budget, i.e., all tax revenue. Anyone who thinks we can get out of this mess without great pain doesn't understand the problem. In Greece, they cut their government pensions by 20% for existing retirees and reduced the minimum wage by half. You wouldn't believe what is in their austerity budget. We would be in the streets too with such cuts. The longer we wait, the more draconian the measures will be.


21 posted on 05/13/2012 6:10:15 PM PDT by kabar
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