“Evidently MISERY DOES like company bro, you’re one sick dude...........”
Not sick, just realistic. At the end of the day, there really are NO GUARANTEES!
Honesty at all levels, bot in and out of government, is out the window. Just like Detroit, if your company goes tits up, your ‘guaranteed pension” goes with it unless the business actually put away the required amounts for you throughout our working life. Actually, the “guaranteed benefit” retirement is gone, because the benefits are still tied to investment performance just like IRAs’. You are probably one of the last to have it. And you have to ask yourself, in today’s business environment, just how could we expect business to give any of us “guaranteed” retirements? Only the government still does that, and it is in large measure because of the unholy alliance between the RATS and the PE Unions, and again as we see in Detroit ( and in Wisconsin as well), the PE unions are the next thing to fall by the wayside.
People just don’t get it. Period.
It’s not just social security and public pensions either. Same story with 401k’s and investment retirement funds. If the market goes bust so does everyone’s retirement.
I suppose people will call on my kids to bail them out of that too. You seem to share my dismay over how many people on this website seem to have that attitude. Why don’t more people feel that way?
To anyone on this forum who reads this - What exactly do my children owe you? What gives you the right to spend their future for your comfort today?
True answer - you don’t have the moral right. Reality is going to bite this nation on the butt in a huge way, it’s not just Detroit. It’s true, Detroit was way ahead of the curve with leftists policies, but the rest of the country - to include many not so liberal places are not too far behind. Let the stock/bond markets tank and see what happens. The entire nation - thanks to the dems and republicrats in D.C. is not very far behind. Few people seem to care that the moral choice today is to share the pain we created with future generations. Most (including many on this site) just want to kick the can because they were promised something.
Stop and think about that - every investor in a pyramid scheme is promised something! Uncle Sugar is now printing away our nations future to keep the pyramid scheme alive - it won’t end well. We are all Detroit.