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You know the French are in the Streets protesting the retirement age

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:18 AM
Original message
You know the French are in the Streets protesting the retirement age
From 60 to 62

Meanwhile the states are talking about moving it from 65-70


Un Fricking believable

Its a ponzi game by the rich and powerful
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:23 AM
Response to Original message
1. In the US it's already been moved from 65 to 67.
Saint Ronnie did that to make Social Security safe forever.

http://www.socialsecurity.gov/retire2/agereduction.htm
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:31 AM
Response to Reply #1
4. Try to find a job at 67 oh yeah Wal-mart greeter
I didn't know it was 67 its 66 for me, well that sucks.

I guess I will try because of health to accept the cut in benefits and try to get in on my 60th
which is coming up next summer.
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:26 AM
Response to Original message
2. Not only that but
even if the job market improves dramatically most 65 to 70 year old seniors won't find work that would provide an adequate wage. This is crazy talk.
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:18 AM
Response to Reply #2
7. Interesting. Maybe seniors will run for office, and change this.
I mean besides working at wallmart what will they be allowed to do?
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:37 AM
Response to Reply #7
8. they can get jobs as talk show hosts like larry king. or run financial empires like warren buffett.
so no problem.
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:30 AM
Response to Original message
3. The subject here is France : not the USA
Meanwhile the country's annual pension deficit is expected to total 26.7billion this year, and could rise to as much as 95billion by 2050 without reform.

Under current rules, both men and women in France can retire at 60, providing they have paid social security contributions for 40.5 years.

Meanwhile, public sector workers retire on 75 per cent of their final six-month salary.

As well as raising the retirement age to 62, the planned reforms will also require employees to work for a minimum of 41.5 years to qualify, and there will be higher taxes on the better paid.

Read more: http://www.dailymail.co.uk/news/worldnews/article-12870...

The alternative I guess is to increase the size of the working population as its their taxes which pay for those retired on a runing basis.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:35 AM
Response to Original message
5. The Austerity cuts will drag us back into a world depression
According to economist that predicted and warned us of the last failures.


This is World wide attack by the rich.

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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:44 AM
Response to Original message
6. The American people have been subjected to (hidden in plain sight) AUSTERITY

for a long time.

Don't forget, our social safety net is vastly inferior compared to social welfare state of European nations, and even AFTER their "draconian" and unprecedented austerity spending cuts the Europeans will still be better off.

I don't even understand how they put up with that shit, at least they have a long tradition of public welfare-oriented social policies.

Neoliberal onslaught continues on to Europe; the goal has always been to dismantle all vestiges of Social Contract, and privatize and loot and pillage everything in sight.

Bye Bye New Deal, Hello Raw Deal.

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 06:08 AM
Response to Original message
9. The FULL retirement age for US Social Security is 70 years old already.
Ronnie Raygun changed it back in 1983. It is graduated so that it hits some generations sooner than others.

But in the US if you want your FULL retirement and NOT lose 20 to 50% of what you paid into the system (for the remainder of your life) you have to wait until you are 70.

See how great it has been for the US? At 69 you too could be throwing boxes at Wal-Mart.

What government SHOULD BE DOING is lowering the retirement age. The more people retire, the more jobs are made available. But austerity measures seems to be the new religion. "Let them eat cake." kind of mentality. We must save our credit rating no matter how many people are starving.

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 06:10 AM
Response to Reply #9
10. you're mistaken.
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flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:18 AM
Response to Original message
11. The French protest anything and everything..every day! eom
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:04 AM
Response to Reply #11
15. At least they have some balls and don't lie down and take the shit. n/t
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jberryhill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:52 AM
Response to Original message
12. Because Boehner said so?

The leader of the minority party makes a comment, and people should take to the streets?

There is not even a proposal on a committee table to do so.
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:57 AM
Response to Reply #12
13. While England Slept.
If you are missing what is going on, it's voluntary blindness.

"There are none so blind as those who will not see"
Little Donnie Dark
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jberryhill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 10:40 AM
Response to Reply #13
16. Okay, what's the number of the bill? /nt
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:02 AM
Response to Original message
14. Because American'ts are sniveling cowards that take their medicine
like well-beaten children.
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