Voodoo economics is a valid term, it was just used in the wrong way.
The western world today is currently running on a vast system of voodoo economics.
The whole idea of a lifetime pension is ridiculous.
No one can afford to pay all its former employees a salary for the rest of their lives and still be expected to stay financially solvent competing against entities with no such obligations.
INCOMING!
Our public servants are now our masters. We in the private sector who must scramble to survive must pay ever increasing taxes and fees to the bloated bureaucrats to keep them in Fat City.
Just the tip of the iceberg of course. And fits right into the plan of convincing the sheeple that all retirement monies should be put into the ‘safe lockbox’ called US Treasuries.
Rest assured the msm will play along.
What do they expect to happen when they promise more than they can deliver?