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Old 10-05-2012, 11:42   #31
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Join Date: Apr 2005
Location: Near Chicago, IL
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Originally Posted by Brucev View Post
No one has the right to castles or unicorns or hugs. Pensioners who were promised
Pensioners entered a legally binding contract, which is something else entirely. It should have been very obvious that there was no possibility that the government would have the funds to pay the contracts at the time they were signed. That's part of the reason I left government service.

Because the governments are broke, they pursue legal methods (like bankruptcy) which void a contract when one party is incapable of paying.

If it cost the taxpayer money... tough. The pensioners are not obligated to sacrifice so that taxpayers can avoid paying.
The pensioners are at the mercy of whatever they get. That's the nature of depending on someone else to fund one's retirement. There simply isn't going to be enough revenue to fund pension systems, no matter how much you want to raise taxes. You can only squeeze the taxpayer so much.
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