Thursday, August 04, 2011

Should the U.S. Cut Retiree Benefits

Here is an enlightening article from Bob Samuelson.  Bob's first point is that the US over the past 50 years has undertaken a huge wealth transfer from working individuals to retirees.

This is unsustainable, but neither party addressed it in the recent debt negotiations; at least, it was not part of the public debate.

1 comment:

bgarrison said...

It's time to start running ads where cute toddlers ask why old people are selfishly destroying their future. HEY OLD PEOPLE, CHANGS HAVE TO BE MADE. THERE ISN'T ANY MONEY LEFT.