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So It Begins: Congress to Cut Pension Plans

from The Daily Bell:

Congressional leaders hammer out deal to allow pension plans to cut retiree benefits … The measure would alter 40 years of federal law and could affect millions of workers. A measure that would for the first time allow the benefits of current retirees to be severely cut is set to be attached to a massive spending bill, part of an effort to save some of the nation’s most distressed pension plans. – Washington Post

Dominant Social Theme: It is necessary to cut people’s benefits so that the state does not become insolvent.

Free-Market Analysis: This is huge news, and it’s definitely launched in a big way on the mainstream media. As of this writing, the situation is still in flux but from what we’ve read this legislation is taking place. Even if it doesn’t happen this time, it’s part of a trend that will reoccur.

Read More @ TheDailyBell.com

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2 comments to So It Begins: Congress to Cut Pension Plans

  • NaySayer

    Yes, but revolution is messy. You can think you are prepped and get overrun anyway.

    Think how many people walked out of bad situations in Europe only to get to Germany under control by the winning allies. They think they are safe but then the Russians cracked down and you find you are on the wrong side of an arbitrary line and you and your line down to your great grandkids live in the shithole of east Germany complete with never ending austerity and the fear of the secret police.

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