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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Katelew who wrote (139956)6/29/2010 3:14:29 PM
From: Steve Lokness  Read Replies (2) | Respond to of 541941
 
Katelew;

Greece is actually shocking, at least to me. Retire at 60 with a pension 90% of your salary

You think it is better in this country. Yikes. My sister the teacher retired at 52! Not 60 like in Greece but at 52! Teachers are government employees. At 52 she had tons of energy left and went on to get her Doctors degree and is now a professor at a Univ. Soooo, she not only gets her teachers retirement (and of course SS), but she will get a second pension from the government - well its actually a third isn't it? Well maybe a fourth if you count her IRA's. We think Greece is bad but fail to see it is even worse in many instances here in this country.

Twinking isn't going to cure the situation in Greece - or here - it is going to take some pain. People absolutely can't retire at 52 and then live another 50 years on the government dole. Obama would have been wise to get us on a path of shared pain sooner rather than later. His terrible bad fortune is that the downturn came so close to the end of the Bush term.