[Heineken]

Add that one to the list of doom factors!

http://www.washingtonpost.com/wp-dyn/co ... id=topnews

[vision-master]

$this->bbcode_second_pass_quote('Heineken', 'A')dd that one to the list of doom factors!

http://www.washingtonpost.com/wp-dyn/co ... id=topnews

[Muhammad_al_Sahhaf]

stands to reason that 'social workers' like cops and teachers will get screwed first from governmental irresponsibility. My bet is the politicians pensions aren't included in this fiasco.

[vision-master]

$this->bbcode_second_pass_quote('Muhammad_al_Sahhaf', 's')tands to reason that 'social workers' like cops and teachers will get screwed first from governmental irresponsibility. My bet is the politicians pensions aren't included in this fiasco.

[Kingcoal]

The world that I've known in the private sector has no protections for job loss, no pensions, no elaborate benefit plans. As a result, I can't identify with people who think that they should keep getting paid after they quit working. It reminds me of Mr. Bill's signature:
"The State is a wonderful invention where everyone can live at someone else's expense."

[Heineken]

Well, Kingcoal, the notion has been that chronically underpaid poor slobs like cops and teachers should get a little something in their old age, after all that suffering at the hands of snotty kids and underworld heathen.

[threadbear]

$this->bbcode_second_pass_quote('Kingcoal', 'T')he world that I've known in the private sector has no protections for job loss, no pensions, no elaborate benefit plans. As a result, I can't identify with people who think that they should keep getting paid after they quit working. It reminds me of Mr. Bill's signature:
"The State is a wonderful invention where everyone can live at someone else's expense."

[BigTex]

There are many fields in which you only have to work 20-30 years to draw a nice pension for life.

Military, police and fire come to mind.

Think about that: assume a life expectancy of 80 years. Out of that 80 years, only 20-30 would be spent working. The other 50-60 years would be spent living at someone else's expense. That's really something.

[Heineken]

It needn't have been that way, though, Threadbear. We've blown it all on Iraq and so much other waste.

The gist of your post is that lifespans have become unsustainably long, and I agree with that.

Lives are going to get shorter, meaner, more brutish. It's starting to happen precisely now.

[Heineken]

$this->bbcode_second_pass_quote('BigTex', 'T')here are many fields in which you only have to work 20-30 years to draw a nice pension for life.

Military, police and fire come to mind.

Think about that: assume a life expectancy of 80 years. Out of that 80 years, only 20-30 would be spent working. The other 50-60 years would be spent living at someone else's expense. That's really something.

[BigTex]

$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('BigTex', 'T')here are many fields in which you only have to work 20-30 years to draw a nice pension for life.

Military, police and fire come to mind.

Think about that: assume a life expectancy of 80 years. Out of that 80 years, only 20-30 would be spent working. The other 50-60 years would be spent living at someone else's expense. That's really something.

[Ludi]

Not many police out here, and not many barbarians either....

[Homesteader]

$this->bbcode_second_pass_quote('BigTex', '')$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('BigTex', 'T')here are many fields in which you only have to work 20-30 years to draw a nice pension for life.

Military, police and fire come to mind.

Think about that: assume a life expectancy of 80 years. Out of that 80 years, only 20-30 would be spent working. The other 50-60 years would be spent living at someone else's expense. That's really something.

[vision-master]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('Kingcoal', 'T')he world that I've known in the private sector has no protections for job loss, no pensions, no elaborate benefit plans. As a result, I can't identify with people who think that they should keep getting paid after they quit working. It reminds me of Mr. Bill's signature:
"The State is a wonderful invention where everyone can live at someone else's expense."

[cube]

I NEVER did like the idea of a pension plan. It always did sound like a scam to me.

here's the logic:
A pension plan is basically this idea that says if I give you $1 to invest; you can turn it into $2 into the future. You collect a commission fee and I live off the extra earnings after I retire.
there's a problem.
If you had the power to turn $1 into $2 then why do you need my money?
It's like the scam back in the middle ages where alchemists said they can turn lead into gold....and all they ask for payment for their services is a small amount of gold. People never learn.

[Starvid]

If you want to know how you get a pension system that actually works, read this article in The Weekly Standard (of all screwed up papers!)

http://www.weeklystandard.com/Content/P ... 3mjsly.asp

Just ignore the low-class sniping at Europe and the welfare state contained in the article.

[eastbay]

$this->bbcode_second_pass_quote('BigTex', '')$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('BigTex', 'T')here are many fields in which you only have to work 20-30 years to draw a nice pension for life.

Military, police and fire come to mind.

Think about that: assume a life expectancy of 80 years. Out of that 80 years, only 20-30 would be spent working. The other 50-60 years would be spent living at someone else's expense. That's really something.

[vision-master]

But let those CEO's and top management destroy a company and walk away with millions while the rest see da 401k's turn to nothing..........

[roccman]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('Kingcoal', 'T')he world that I've known in the private sector has no protections for job loss, no pensions, no elaborate benefit plans. As a result, I can't identify with people who think that they should keep getting paid after they quit working. It reminds me of Mr. Bill's signature:
"The State is a wonderful invention where everyone can live at someone else's expense."

[cube]

$this->bbcode_second_pass_quote('eastbay', '.')..
I have a 50 year old friend who's a retired cop. He collects $50,000 a year for life, with inflationary increases plus full medical coverage. He is flat broke all the time because for him saving money is meaningless. He blows his monthly check by the second or third week then waits for the mail. This will continue for decades and there are millions just like him. I can't help thinking his [s]checks[/s] days are numbered, so to speak.