Posted on 10/02/2009 11:10:20 AM PDT by Nachum
Gordon Brown was warned last night to raise the retirement age above 65 and introduce NHS charges to tackle the soaring state deficit.
In a devastating intervention, the International Monetary Fund called for radical changes to the pension system and spending cuts that go far beyond the plans outlined by the Prime Minister this week.
The global watchdog said root and branch changes to public sector spending would be necessary to 'help keep a lid on the debt' and restore financial stability.
(Excerpt) Read more at dailymail.co.uk ...
This is impossible.
Nationalized Healthcare is free.
charge for healthcare to fix its debt crisis....
epic
AAA Muni Bond Rating....
Did it by Health Savings Accounts and Defined Contribution Retirement Plan that he negotiatied with the Unions to Adopt.
You can’t afford what’s free (as you know).
Coming soon to a nation near you.
I wonder how long it will be before the cockroaches in Washington figure out that they can forcibly tax us for health care. throw us in jail if we don’t comply, then charge us up front for the health care that we are forced by law to have...
Government breaks everything!
Pay more and work longer for less, the British way.
EVERY British and American socialist scheme, including American Social Security, are Ponzi schemes - the original scheme always depends on a larger number of newer enrollees investing for future benefits to pay for current enrollees current benefits, the original scheme is never sustainable on the original terms, the rate that enrollees must pay in must periodically be increased and the law must force more and more to participate until no one can be left not contributing; but even then, eventually it’s not enough.
Sheer demographics of well-developed societies - population stability - always produces an end to sufficient new enrollees coming into the scheme to keep even higher contributions funding present benefits, without rupture of the public’s willingness to pay up.
Like all Ponzi schemes, it is only a matter of time.
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