Posted on 04/14/2023 9:40:07 PM PDT by Cronos
French President Emmanuel Macron has signed into law his government's highly unpopular pension reforms, which raise the state pension age from 62 to 64.
It happened hours after France's top constitutional body cleared the change.
The Constitutional Council rejected opposition calls for a referendum - but it also struck out some aspects of the reforms, citing legal flaws.
Following the council's ruling, protesters set fires across Paris and 112 people were arrested.
Twelve days of demonstrations have been held against the reforms since January.
Unions have vowed to continue opposing the reforms, and called on workers across France to return to the streets on 1 May.
President Macron argues the reforms are essential to prevent the pension system collapsing. In March, the government used a special constitutional power to force through the changes without a vote.
The Labour Minister Olivier Dussopt has said he expects the reforms to come into effect by the start of September.
(Excerpt) Read more at bbc.com ...
USA will join France in raising social security eligibility age, because we are probably more bankrupt than France as measured by Debt/GDP ratio. Neocons have destroyed America with unnecessary foreign wars participation.
Vietnam was fiasco in blood and treasure.
Followed by Afghan & Iraq wars. But Neocons never give up.
Continuing the stupidity in Ukraine.
For once, I agree with you.
Yes we will. In addition, payroll taxes will be raised dramatically. Both republicans and democrats will support this. There's no other political option.
If you’re not going to listen when protests are that big there is no democracy. He is acting like that piece of sh%t Trudeau.
SS was never meant to be funded by general revenues in the 1st place. Nor should SS contributions have ever been tappable for anything but running the SS system itself, and benefits to retired workers.
Add to that the demographic problem (fewer workers and more old people living longer.) France has that sort of demographic problem, a little worse than the US.
I’m not saying a high Debt to GDP is good - far from it, but THIS problem is only loosely tied to gov’t debt., and really should be independent.
The change would have been unravelled by a no confidence vote, but Macron has survived it - narrowly. (Two such votes, in fact.)
https://www.cnn.com/2023/03/20/world/macron-france-pension-no-confidence-intl/index.html
but raise the govt retirement age as well....its nonsense that govt employees start collecting so early....its pure insanity....
The USA will raise the social security age however, the age will raised predicted on race. Blacks won’t see a raise because of “equity.” Book it.
There’s no other political option.
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Well yes there is, politically speaking that is.
Social Security is a Ponzi scheme and if an average person was doing it they would go to prison but because it is the government, well they are allowed.
Social Security was doomed to fail from the beginning but it got votes so why not. The politicians have always known this but since the collapse was way in the future they just kept kicking the can down the road.
Legal abortion just speeded up the train because for Social Security to work you need more workers paying in, and well, with abortion (and declining birth rate) there were fewer people entering the work force (and paying into the system).
What was the solution, open borders.
This is why both parties have allowed millions of illegals into our nation. They are allowing them to work and pay into the system which will keep the system alive for a few more years.
Of course they are only concerned about themselves and do not care that these illegals are changing our nation.
If I was really cynical I would think that they are hoping for something that would kill millions of Americans (especially the old people on Social Security). Now they wold not create a virus that was aimed at seniors or would them do all they could to spread said virus or block any treatment for such a virus, would they?
The are protesting as they want the future to pay for their present. And if Macron doesn’t do it now, frances pension will be bankrupt soon and will have go lower pensions
The brazen politicians are all puppets to the bigger system. The people are being side stepped
They just need to raise the cap to 250K with no other changes and we’ll be fine another 30 years.
Big pharma billions to Moderna n Pfizer, plus paying peanuts pls and businesses to hide under their sinks and do nothing during covid was another type a f war.
It is the most expensive war in our country. The war of totalitarianism via corporations against every freedom we were founded with.
There is nothing more terrifying than mobs of mimes screaming in the streets
“raise SS age I’m already well past it....”
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Yeh, same here. What I want is having the mandatory RMD removed from our 401K and IRA accounts. Let us make withdrawals based upon each individual needs.
Pushing the retirement age up to 64 to keep the system solvent is reasonable.
Imposing a new law simply by presidential fiat is not reasonable. He is supposed to be a president, not a king or a tyrant. Yet his word alone is law now? This, despite the public being overwhelmingly against it?
That doesn’t seem remotely democratic to me.
I think the government will also take over private 401 plans. There’s so much money there, they need the money and will contrive an equity argument to take it.
Cuck.
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