It's interesting that the youthful protesters of France don't appear to have the same unfortunate predilection for insipid and culturally-appropriated lopsided dreadlocks with crap braided into the fibrous morass that our kids so adore.What the fuck are you talking about?
Yes, it marks me as a cranky old guyYeah, pretty much.
1) no-one's looking hard enough at why the aging demographic wasn't anticipated and funded properly, or where the money's gone.Maybe it is too late, but still, we need to know.I don't think this is misunderstood or mysterious. A government (*) sees a shortfall in pension funds. The impact will be decades from now. The election is months (or perhaps a year or two) from now.They can raise the rates, but it will be strongly disliked by the populace. The opposition will use it as a lever. Long term consequences or short term consequences (raise rates/taxes, get the boot)? Also, many governments basically raided their long term social programs in order to make current (at the time) deficits look good. This is essentially a flaw in the accounting that is allowed (one should not be allowed to essentially reverse amortize decades to the present), but governments are loathe to change it because it is so handy.
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posted by HuronBob at 3:42 AM on October 23, 2010 [7 favorites]