Debt Rattle March 17 2017

 

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    DPC Wall Street and Trinity Church, New York 1903   • California Judge Seeks To Prevent Immigration Arrests Inside State Courts (R.) • Collapsing
    [See the full post at: Debt Rattle March 17 2017]

    #33179
    pstevens3307
    Participant

    What an appalling article about the pension crisis. This punk dares to suggest that the biggest problem with the collapse of pension funds is the impact on the economy of a reduction in consumer spending. He completely ignores the suffering that is being and will continue to be inflicted on people who worked hard all their lives in the understanding – the promise – that they would be taken care of in their old age. He even has the gall to say that “Pension reform — as with Social Security reform — is most equitably approached as a combination of benefit cuts, increased contributions and higher eligibility ages.” What’s equitable about putting the entire burden on the workers, when the collapse of the funds is due to Fed manipulation of interest rates that has siphoned all the funds’ assets into the pockets of the rich?

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