The Selfish Rich Are Killing Retired People

[Joanne98]

We have a huge crisis in the country. The private pension system is collapsing. The public pension system is on the brink of collapse, and people are beingpitted one against the other. But, what we often fail to do is connect the dots: between the collapse of the public pensions system and the robbery of the country by the richest people. Here's another example.

Tasini's diary :: ::
The traditional press is reporting this, first the NYTimes:


This struggling small city on the outskirts of Mobile was warned for years that if it did nothing, its pension fund would run out of money by 2009. Right on schedule, its fund ran dry.

Then Prichard did something that pension experts say they have never seen before: it stopped sending monthly pension checks to its 150 retired workers, breaking a state law requiring it to pay its promised retirement benefits in full.

Since then, Nettie Banks, 68, a retired Prichard police and fire dispatcher, has filed for bankruptcy. Alfred Arnold, a 66-year-old retired fire captain, has gone back to work as a shopping mall security guard to try to keep his house. Eddie Ragland, 59, a retired police captain, accepted help from colleagues, bake sales and collection jars after he was shot by a robber, leaving him badly wounded and unable to get to his new job as a police officer at the regional airport.

http://www.dailykos.com/storyonly/2010/12/23/931159/-The-Selfish-Rich-Are-Killing-Retired-People

[brendan120678]

1. The city of Pritchard did this to themselves...

it's a crime-ridden shit-hole full of corrupt politicians who have done nothing but mismanage the city for decades.

[stray cat]

2. Pensions with no funds means either you and I have to donate more of our money or cuts

No reason you and I will be off the hook for our accountability and promise to pay for their pensions. The debt is ours to pay - everyone of us

[ladjf]

3. ... and everyone else, possibly even themselves. nt

[1620rock]

4. And how many of those poor retired people consistsntly vote Republican?

[ladjf]

6. Too many and I don't know why they do it. nt

[yurbud]

5. only contracts that make the rich richer are binding.

The rest of us are on our own.

[democracy1st]

7. kick