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January 3, 2011

But Glenn Beck Is The Crazy One

Now is the time at SDA when we juxtapose!

Maxed Out Mama, Dec.20 2010 - I do not have any money in a 401K or any sort of retirement account. They're going to take it.

Adam Smith Institute Blog, Jan.2 2011 - European nations begin seizing private pensions.

Via

Posted by Kate at January 3, 2011 9:54 AM
Comments

Oh yeah, Hungary! They also seized the internet and all the papers. Predictably, EuroLefties claim Hungary has a "right wing" government.

http://phantomsoapbox.blogspot.com/2011/01/ever-wonder-what-world-felt-like-in.html

Posted by: The Phantom at January 3, 2011 10:07 AM

Bah! Who needs it. I figure we'll all be marched off to the euthanasia center anyway.

Posted by: signaller222 at January 3, 2011 10:16 AM

Maybe OT, perhaps a little paranoia as well but isn't it pretty much impossible to own a firearm in most of Eurabia? My own juxtaposition. Jus thinkin' ya know?

Posted by: Olde Spice at January 3, 2011 10:17 AM

Damn. And I was going to buy an iPad with my RSP refund this year.

Posted by: Lickmuffin at January 3, 2011 10:36 AM

A lot of what is going on here is tax evasion. It's not just Hungary, it runs rampant in Greece and other Euro countries. Just as important as a debate on what level of taxation makes sense is the type of tax needed and the ability to collect it. Underground economies in Europe are a major problem. We need to pay attention and learn from their mistakes.

Posted by: nomdeblog at January 3, 2011 10:38 AM

Interesting - the power of a Collectivist or Bureaucratic Authority vs Individual power.

This has happened again and again in human history, where a bureaucracy - a system that organizes goods and services but does not create them - takes control. It's always disastrous whether in Rome, Egypt, the medieval church, the aristocracy, California... The bureaucracy then becomes parasitic on the people. The state, so to speak, turns against the people.

We are even seeing this in the Obama White House, where he is rejecting Congress (the people) and turning more to 'executive fiat'.

Posted by: ET at January 3, 2011 10:38 AM

I'm pretty sure I'd refuse the Hungarian offer. I'm not depending on the government for anything when I retire.

Posted by: SDH at January 3, 2011 10:38 AM

Nomdeblog: the high vat would be the first thing to look at.

Posted by: Gord Tulk at January 3, 2011 10:40 AM

Nom said:

"We need to pay attention and learn from their mistakes."

To which I say: Bwaaaahahahahahahaha

IH

BTW, I've mentioned this before, but when I was in high school (90's) at least one(perhaps a few) teachers really harped on two issues 1) that there would be a major labor shortage when the Boomers retired; and 2) that there would NOT be CPP available for anyone of my generation, and that it would be our individual responsibility to save for our own futures.

These messages really hit home for me, and looking back, I consider myself fortunate that I had teachers that were 'straight shooters' as spoke some truth to the matter of our PREDICTABLE predicament. Who knows, perhaps it was even courageous of those teachers considering today's public education environment. That is also where some of my vitriol towards the Boomer generations stems from. The FACT that today's economic woes were PREDICTABLE, and that the Boomers and their predecessors did nothing to prevent it and instead did EVERYTHING in their power to accelerate it.

Personally, I will not turn my back on the old folks going forward; but, I do believe that this, old vs young, is one of the major political battlefields where war will be waged going forward.

Posted by: Indiana Homez at January 3, 2011 10:54 AM

Olde Spice, Only the "aristocracy" in Europe has any guns. In Hungary that's rich guys and Party members, whichever Party happens to be running the show this week. Oh, and the criminal gangs. They have lots.

They all learned that one really well from Adolph. If you're going to do unpopular things, make sure the unwashed populace can't shoot back. Or talk freely, that's another no-no.

Because you know, Europeans are morally and intellectually superior to us backward colonials. They get these important things done faster than us. You want to see where the Liberal Party is headed, just take a look at where Hungary is now and add ten years to the schedule.

Posted by: The Phantom at January 3, 2011 10:56 AM

Nomdeblog said: "Underground economies in Europe are a major problem. We need to pay attention and learn from their mistakes."

Actually, underground economies are the ad-hoc solution to a major problem, over-taxation and over-regulation. When it becomes impossible to do things above board, you do them under the table.

Example, almost all construction in Ontario is essentially under the table, done by sub-sub-sub-sub contractors. Why? Workmen's Comp is completely unfordable for a small company of less than 10 employees, and there's not really any profit margin in construction at that level. So each guy is his own "company", gets paid in cash and dodges his taxes. Otherwise he'd starve.

Europeans do -everything- in cash, have you never noticed?

Posted by: The Phantom at January 3, 2011 11:07 AM

A friend of mine told me a few years ago that he refused to contribute to rrsps, tax breaks notwithstanding. He said didn't want the government to know how much he had. I thought at the time that was a bit strange -but now......

Posted by: Erik Larsen at January 3, 2011 11:10 AM

I think that nomdeblog and phantom have good points.

When a govt essentially moves out of its role as a means by which The People provide for their common needs, such as roads, water, defense etc...and instead itself becomes a massive authoritative Corporation that rules over The People...then, the people have every right to evade this government. A blackmarket economy is one tactic.

In Canada, Quebec's population operates heavily that way..and then, also rakes in the loot from the federal govt for all its extra socialist bonuses. In Ontario, as phantom points out, a huge proportion of work is done for cash.

The problem is: a govt that ceases to be in the control of The People and begins its own private 'business agenda' via its out-of-reach unelected bureaucrats and their authority. This 'business agenda' is cloaked within the socialist rhetoric of being 'for the good of the people' - whether it is in all-day kindergarten (more bureaucrats, more employees in the public unions); more regulations (more bureaucratic employees and taxes)...and so on.

The increase in Government, which operates as a parasitic corporation on The People - means that those same people will hide their money from that parasite...and Government will then resort to more drastic measures to maintain its control and power.

Posted by: ET at January 3, 2011 11:20 AM

Posted by: SDH at January 3, 2011 10:38 AM

I'm with you.

A long time ago, I decided I would not depend on the CPP and old age security in my retirement years.

If it's still there, bonus.

Otherwise, make an effort to finance your own retirement years based on this simple formula:

Assume a 5% return.

Figure out what income you'll need.

For example, if $50,000 will provide the lifestyle you've become accustomed to, you would need $1 million.

RRSP's seem like a good idea, but you take all the risk and the government gets all the rewards (at the current taxation level) if your RRSP does well.

So, if you have money in an RRSP, you'll need even more than $1 million.

That's just a mathematical example.

I figure it will only be a matter of time before CPP and old age security payments are cut back. Good thing I've got a few years left before I have to deal with reality.


Posted by: set you free at January 3, 2011 11:46 AM

I think ET is saying that Quebec is like Greece, they are both parasites on a host. These jurisdictions use a barter system extensively because of the 25% VAT that Gord Tulk mentions, I’m familiar with a Danish Dentist who will accept a pig from a farmer as payment for a root canal. Thus by using a barter system both Greece and Quebec then have to rely on Brussels and Ottawa to top them up for their government services.

What to do? In Canada’s case, stop equalization. But we are not going to fix things with “underground economies are the ad-hoc solution to a major problem, over-taxation and over-regulation”; however, that will cause us to take some kind of action.

We do need to shrink government. It’s about 40% of GDP now. Conservatives need to define conservatism by the size of government. Our goal should be to shrink it to 33% in 10 years. Bear in mind we’d still need taxes. The problem is like crime and poverty, you can’t entirely fix it, you can only try to minimize it.

Posted by: nomdeblog at January 3, 2011 12:04 PM

Phantom at 10:06, that's my point exactly.

Posted by: Olde Spice at January 3, 2011 12:06 PM

Phantom @ 10:56. Note to self, must learn to proof read.

Posted by: Olde Spice at January 3, 2011 12:10 PM

At the first glance it almost looks like Poland and Hungary should not be on my outsourcing watch list, but they are. Insider information from the East-European countries suggests that the Western companies who tried to establish manufacturing in those countries have withdrawn to the popular destination China. Reason being the cost of living did not make sense for the locals to work for the rates acceptable for the businesses.

So I'll repeat: this is what you get for outsourcing. Keep outsourcing and you'll loose your shirt and wake up a slave one day.

Posted by: Aaron at January 3, 2011 12:25 PM

Government will always turn its greedy eye towards large pools of money. This situation is why I smile when progressives lecture Alberta about saving a huge portion of its oil wealth for the future. For the future being roughly translated as when Ottawa needs to confiscate the oil fund because the federal government is broke, or it needs to buy off Quebec and other have-not voters, or when the west gets too powerful. The Norwegian government doesn't need to be concerned with this type of intergovernmental theft.

Posted by: LC Bennett at January 3, 2011 12:28 PM

Indiana Homez @ 10:54, you are so right.

The action by the five European governments is outright state theft.

Posted by: Ken (Kulak) at January 3, 2011 1:51 PM

Given the devastation that people who invested in private pension funds experienced, this may not cause such consternation among private individuals as feared/hoped --

// Hungary, the first European Union country to obtain an International Monetary Fund-led bailout during the credit crisis in 2008, is following the example of Argentina, which in 2001 seized retirement savings by forcing private pension funds to transfer money to a state bank in exchange for Treasury bills. [...]
In Hungary, private fund members have the option of staying outside the state retirement system at the cost of giving up 70 percent of their contributions and the right to a state pension //

These are the people who are really sounding the alarm --

// The proposals will hurt fund managers that relied on pension assets for their profitability, Vizkeleti said.
“For these managers, it could cause a very serious problem if, as expected, these pension funds disappear,”[...]
It may take two to three years for Bamosz members to recover assets lost from the pension changes, Vizkeleti said. Members in include units of Munich-based Allianz SE, Europe’s biggest insurer, Vienna-based Erste Group Bank AG, eastern Europe’s second-biggest lender, and OTP Bank Nyrt., Hungary’s largest bank. //
Business Week

And the real purpose is to put the fear into American readers of adamsmith.org, successfully if this comment is any indication --

// They can seize your electronic bank account of 401(k), they can seize your property (eminent domain now includes the government taking your property and then giving it to monied interests) and they can take your gold (see 1933). They already have a list of (almost) everyone in the country who owns guns, and in California starting next month, they are going to have a list of everyone who buys ammunition.
And the people who WILL burn government buildings will be the ones who were already riding the SS/TANF gravy train. That's why they will do all these things, because there must ALWAYS be bread and circuses. //

Posted by: dizzy at January 3, 2011 1:52 PM

My Dad immigrated (well, actually he was under a Canadian three year professional services contract) to Canada from Germany in 1954. He was 18 years old when hitler came to power in late 1933. He went into officer training in 1936 and served in the Wehrmacht until he the war ended. In other words, he had seen it all in the socialist monster that was Nazi Germany.

So, I took it with absolute acceptance when he said, "What? Register my savings with the government? Are you out of your mind?" Putting your hard earned savings into a government fund to buy a Volkswagen, only to have it all confiscated in 1939, leaves an indelible impression on a person.

Posted by: Schwarze Tulpe at January 3, 2011 2:02 PM

ken

U always got my back. I must take you for a beer sometime.

Posted by: Indiana Homez at January 3, 2011 2:03 PM

Thanks Indiana, I like a light ale ;-).

Welcome aboard Schwarze. Which division was he in?

The Hitler National Socialists were no different than the Communist socialists. All disciples of Karl Marx. Just the uniforms were different.

Posted by: Ken (Kulak) at January 3, 2011 2:13 PM

Just got this in my email basket rather like it.

What we have learned in 2066 years.

"The budget should be balanced, the Treasury should be refilled, public Debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work instead of living on public assistance."

Senator Cicero - 55 BC

Posted by: mad maxxx at January 3, 2011 2:16 PM

State Theft.
How else to define it?
Indiana & Ken (Kulak) had better arrive at the pub early in order to stake out the largest table there... I suspect it'll be a crashed party.

Posted by: marc in calgary at January 3, 2011 2:26 PM

Hello Ken,

I've been reading SDA since the Adscam days and found it thanks to Ed Morrissey publishing the proceedings of the Adscam investigation on his old blog "Captain's Quarters." I am a reader rather than a commenter, but this topic hits close to home. Very close.

Dad took his officer training and his veterinary traing from 1936 to 1945 at the University of Hannover. He did not see military combat until Operation Barbarossa in late June of 1941. He was in Army Group Centre, 9th Army, Infantry Division 129. It goes without saying that the story gets very long from that point on, however, he surrendered at Hof in Bavaria on the Czech border to elements of Patton's 3rd Army in May, 1945. Btw, yes he was at Normandie between St. Lo and Caen from D-Day 3 on and yes, to have survived it all, he had a horseshoe shoved up his bottom.

Posted by: Schwarze Tulpe at January 3, 2011 2:34 PM

Proof read fail... "officer training and veterinary training from 1936 to 1941 at the University of Hannover."

Sorry.

Posted by: Schwarze Tulpe at January 3, 2011 2:38 PM

Schwarze, you bet he did...must have room for two horseshoes. Lt. Gen. Albert Praun was divisional CO in 1940.

ET has it right @ 10:38.

Too bad the Romans did not listen to Cicero. Someone, maybe ET could explain the whys and wherefores of a society that cannot be turned back.

Posted by: Ken (Kulak) at January 3, 2011 2:49 PM

All a natural offshoot of the peoples desire to have the state care for them and do their thinking. If someone else does it for me it can't be my fault when it doesn't work out. Maxed out mama makes a comment that education is not the answer as college graduate unemployment is also high. Not quite true, education in the liberal arts has proven useless as the "educated" are even less valuable to an employer due to attitude. Education (training) in the trades or technical professions has proven very valuable.

Posted by: m-alta at January 3, 2011 2:53 PM

Wife and I ran a small two person business (just us) for thirty years and decided early on that RRSP's were a fools game - perhaps in part because like most small business people, we were not 'high income earners' for whom the immediate tax savings were all that attractive.

But more importantly, it was because I didn't trust that a gov't thirty years hence would necessarily play by the rules of the game established thirty years previously.

Now that I'm retired, I'm somewhat amazed that I was actually smart enough to have had that foresight.

We were the 'ants' that worked diligently, put a little away every month, bought the things we needed (mostly when they were on sale) and ignored the stuff we didn't need.

Today we're debt free and while most of our holdings are in property, we're in great shape. We've already paid the taxes on our investments (excepting capital gains, of course).

RRSP's mean you're still a client of government and I'd recommend easing yourself out of them, even by $5K/yr, and then invest it independently.

JMO, of course.

Posted by: No Guff at January 3, 2011 4:02 PM

Ken and Schwarze, I had a next door neighbor in Hamilton who was in the Afrika Corps. Had not one but two ships shot out from under him when they evacuated across the Med.

Posted by: The Phantom at January 3, 2011 4:04 PM

Nomdeblog at 12:04 pm said: "Our goal should be to shrink it to 33% [of GDP] in 10 years."

Absolutely it must be shrunk. I'm more inclined to have Harper shrink it to 33% -next- year and down to maybe 5% in ten years. There's very few things government does well, all of which can be covered by 5%of GDP. Anything more than that and they get tempted to expand again.

Posted by: The Phantom at January 3, 2011 4:10 PM

In the very near future, I plan on moving below the poverty line. I plan on quitting my job. I will earn as much money as I can renting out my house and another building on my property. I hope that I can earn $22,000 or thereabouts. I plan on sitting on my ass collecting rent cheques and puttering around. Of course, even Fallout: New Vegas can only consume so much of every day so any excess will be spent earning undeclared CASH, any way I can. I know of one person in my town who peruses the garbage dump and has a weekly garage sale with the artifacts she finds. This is the sort of thing that inspires me. But, this makes me wonder what kind of country it will be in a few years when an entire adult generation just "gets by" as "garbage dump recyclers" and amateur video game testers.

Posted by: BobC at January 3, 2011 4:50 PM

@ Indiana Homez
You stated "...there would NOT be CPP available for anyone of my generation"

That could well be. The CPP seems too generous considering what is paid in. I paid in the first 5 years at under the max level then 31 years at the max before retiring. I got my final statement when I retired at 55 and I only contributed a total of $22,000. At 62, I just applied for it and will get $700/month or $8400/year so in less than 3 years, I get back my contributions. How can that be sustainable?

Posted by: Canuckguy at January 3, 2011 5:51 PM

Exactly Canuck

and that's why I've said "That is also where some of my vitriol towards the Boomer generations stems from. The FACT that today's economic woes were PREDICTABLE, and that the Boomers and their predecessors did nothing to prevent it and instead did EVERYTHING in their power to accelerate it."

Now, assuming you're a small 'c' conservative please explain to me how you and you're ilk are not the enemy?(nothing personal). Also, explain to me how you and your ilk NOW expect your kids and grand kids to take austerity measures to protect your entitlements going forward?

As I've said many times before, we appear to be living a paradox where yesterday's big spending liberals are today's so called 'small c conservatives' lecturing gen x'ers and all that follow on austerity. Personally, I wish the lot of you would head over to the Liberal and Democratic parties where you belong. You know, with guys that want people to 'do as they say, not as they do'(your ilk). That would inevitably alienate the youth vote that appears to be socialist, but only because the true socialists (you and your ilk) have usurped the small 'c' conservative label and perverted into a win win game for yourselves. Screwed if you're Right, screwed if you're Left.

Here's the brass facts Jack, and that's that none of you have been paying your own way in my lifetime. Instead, you've been sucking at the public tit knowing that you'll be dead before it's time to pay the piper. Going forward, you and your ilk will wield the power of your vote like Thor's Hammer knowing full well that you sabotaged you're kids and their freedom. Don't think we missed the fact that your generation also felt having enough kids to pay for your entitlements was too inconvenient also. Because after all ,kids are expensive and time consuming and this might effect your vacations and hobbies. Did I also mention that over this time of debt and deficit spending that your generation has been and STILL is earning and saving historic amounts of money?

I must say that I am pleased, to some extent, that it looks like it might be too inconvenient for us to take care of you folks when you get older and sicker. That appears to be the political play of the Left, to starve you and your ilk of medicine and health-care. Now, put in the same situation, I might do the same thing. But then again, I might not. I guess it's too bad that for the next few generations at least, we won't know about things like 'entitlements' and 'expendable cash'.

And that's just economics to, don't get me started on the moral cowardice of you generation. In this culture war, you folks are most definitely the French.

Bygones

Posted by: Indiana Homez at January 3, 2011 6:49 PM

All of that said Canuk, none of that was directed at you personally; but, I suspect that you and others will not be sending back your overpayment any time soon, and will still be griping about how young people want things handed to them.

How many 62 year old's will accept these over-payments and still be checking Conservative at the next election?

And finally, if the Boomers are the face of small 'c' conservatism, can you blame the youth for voting for anything but? And how can we possibly expand the base, and grab the coveted youth vote when the hypocrisy from the so called small 'c' conservative movement is soooooo hypocritical.

Money for me, and austerity for thee.

Posted by: Indiana Homez at January 3, 2011 6:58 PM

Just to reinforce the earlier quote.

Bread and Circuses
Beginning with Augustus Caesar, the city of Rome provided bread, oil and wine to its urban population. What this meant, is that almost 250,000 inhabitants of Rome consumed about 6 million sacks of grain per year, free. Rome provided citizens with food -- it also provided them with entertainment. Of the poor, the poet Juvenal could write:

with no vote to sell, their motto is "couldn't care less," Time was when their plebiscite elected generals, heads of state, commanders of legions: but now they've pulled in their horns, there's only two things than concern them: BREAD and CIRCUSES.
Sounds a lot like today. We know where they ended up.
JMO

Posted by: Revnant Dream at January 3, 2011 7:12 PM

Revnant, sadly that is true and we are almost there now. Our governments won't fight to win wars, penalize and regulate wealth creators to an uncompetitive stage, all the while falling over each other coming up with more bread and circuses entitlement schemes while our plebiscites vote for whoever promises the most.

Posted by: Ken (Kulak) at January 3, 2011 7:32 PM

The increase in Government, which operates as a parasitic corporation on The People - means that those same people will hide their money from that parasite...and Government will then resort to more drastic measures to maintain its control and power.
Posted by: ET at January 3, 2011 11:20 AM"

so ET, you are saying it's a vicious circle?

on that I would agree. I have no rrsps, no company pension that can be seized or vanish in a stock swindle.

I prefer hard assets like my house and contents.

and the way interest rates are my cash is doing just fine in a locked safe.

Posted by: beagle at January 3, 2011 8:05 PM

the dog said "...and the way interest rates are my cash is doing just fine in a locked safe."

get back to us on that locked safe thing after the inflation hits, like it did back in the jimmy carter days.

they have more ways to steal what you got than you have ways to hide it. tell us again how us righties are all crazy and what we need is bigger gubmint, doggie. g'head.

Posted by: The Phantom at January 3, 2011 8:33 PM

Ah The Joys Of European Socialism........Cough I Meant Communism

Capitalism for Life

Posted by: Terry Gillett at January 3, 2011 8:47 PM

We're from the Government and we're here to help you. Now, stick 'em up!"

Posted by: Dave in Pa at January 3, 2011 8:48 PM

Indiana Homez has a point in the general but less in the specific. Many of us have done what is necessary to be independent of our dependents - meaning we will not have to rely on our kids or grandkids generation to sustain ourselves.

The most egregious examples of 'sucking on the gov't teat' or entitlement dependency have to be our public sector workers. I have many friends who are retired - supposedly - teachers, most of whom continue to work as 'on call' teachers. They collect their full pensions and benefits and yet because of the old boy network, they deprive young would-be teachers from a teaching position. My wife has a co-worker, making $11/hr in retail, with a teaching degree but who cannot get her first opportunity.

Similarly, on Christmas Day I was speaking with a 'former' adjuster for ICBC, the monopoly insurance company in B.C. He 'retired' at 60 with full pension and bennies, yet he's working virtually full time for ICBC, making $36/hr. He thinks it's great - it's his due.

So he's got a quasi-gov't pension (plus benefits), his CPP and a great paying job.

Quit yer bitchin' Homez. Stand in line and wait. Eventually these people will die and you'll get your opportunity at 32.

Posted by: No Guff at January 3, 2011 9:04 PM

I'll have to seriously think about shifting my money out of RRSP's into property. Unfortunately putting money into an RRSP has quite an effect on reducing the taxes I have to pay, especially when it gets matched by the BC government for doctors (my accountant told me I was crazy to not take this money for 10 years).

Retirement is something I haven't considered. Most doctors have no idea of what to do with themselves when they get past age 65 and, with the current doctor shortage, being able to decide what locums one picks up and when is just too tempting to pass up. I find it amusing that I see a large number of "retired" doctors at the hospital almost on a daily basis (although rarely in the summer) and they're enjoying their retirement working part-time at 40 hours/week or so and 2 months off during July and August.

The whole concept of retirement should be re-examined. I like what I'm doing now and will keep on doing it until I either become senile or have some major medical problems. Dr. Abram Hoffer was practicing at age 85 in Victoria and seemed to still be with it from the reports I got back from him on the patients I referred. (Since this is a SK based blog, I thought I'd throw in the reference to Dr. Hoffer).

For those people who hate the job they're doing, learn to do something else and do it. Some of the most decrepit patients I see are those who are of the opinion that retirement means they finally do nothing and the decline in physical fitness and intellect is quite rapid.

Posted by: loki at January 3, 2011 10:13 PM

You are on the money loki, when my current business is sold in 10-12 years, I plan to start another or do consulting work until my body/mind quits. My idea of retirement is finding the next fun thing to make money at.

Posted by: Bri C at January 3, 2011 10:26 PM

@ Indiana Homez

Man oh man, your cornflakes were pissed in.
Poor you
heh
Now in facetiously saying that, I fully recognize there is some sort of economic upheaval on its way, what with the Baby Boomers starting to hit 65, a big chunk of the population. Run, the sky is falling , the sky is falling.
Pluck pluck pluck f*ck f*ck f*ck

Posted by: Canuckguy at January 3, 2011 10:47 PM

@ Indiana Homez

Man oh man, your cornflakes were pissed in.
Poor you
heh
Now in facetiously saying that, I fully recognize there is some sort of economic upheaval on its way, what with the Baby Boomers starting to hit 65, a big chunk of the population. Run, the sky is falling , the sky is falling.
Pluck pluck pluck f**k f**k f**k

Posted by: Canuckguy at January 3, 2011 10:48 PM

loki, good for you. A distant relative of mine still does the odd bit of surgery on the sunshine coast at age seventy-five.

I keep busy with municipal work and family history writing and pictorial projects. Need 48 hour days.

BTW, the revenue people will nail you on the income tax for the RRSPs and if your income is high enough will claw back your OAS.

Posted by: Ken (Kulak) at January 3, 2011 10:51 PM

It isn't right of course to seize "private pensions" as in those in the private sector, because you paid for them, but when we are talking about the pensions of public service unions, teachers, and politicians, we pay for a large part of their very lucrative pensions and huge benefits. We couldn't all work in the public service, so why were taxpayers made to pay for it?
I work for a unionized private company, but get no pension because as the union tells us, "You don't make enough money to buy into the pension fund. Some union eh?

Posted by: larben at January 4, 2011 12:39 AM

'Quit yer bitchin' Homez.'

Yeah yeah, I'm done. My bad, I went a little diva on ya, guess I need a Snickers.

http://www.youtube.com/watch?v=zLrsCnBvQFo

Guff

I think I was pretty specific. Mr.Canuk provided the fodder for my rant. Seriously, how can the small 'c' conservative movement truly exist, or even move forward when it's main proponents today (old folks, check the demo) are by their own words gaming the system, or should I say using a 'fixed' system that was 'fixed' long before I had any say. Also, my gripe about 'not having enough kids' is also specific. My point, in a long winded way, is that most that call for austerity, like the Tea Party down south, are the very people that F'd us in the A in the first place.
Am I wrong?

Posted by: Indiana Homez at January 4, 2011 10:09 AM

Indiana Homez, having re-read the rant, I still can't find enough to disagree with you about here... and as for the Tea Party in Canada, I'd really be in favor of having that directly transplanted to Canada although it'd be difficult to find so many people that haven't been at the teat for 30 years here...

Posted by: marc in calgary at January 4, 2011 12:57 PM

until guys like Canuk(and all of us) send their overpayment back(and every other unpaid for perk) we will never get out of the woods. I'm not going to hold my breath.

Posted by: Indiana Homez at January 4, 2011 1:25 PM

That's cause I'm right Marc.

One thing I've learned over the years of political observing, is whether Right of Left, it's always the other guys fault. Mark my words, going forward, nobody will take responsibility for electing BO. Hell, I can't even find anyone who will support a Carbon Tax anymore. Not even the Liberals! Anonymity is a biatch!

Posted by: Indiana Homez at January 4, 2011 1:35 PM
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