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Tuesday, November 30, 2010

Denninger: Remember My Discussion on Pensions?


Read it all, please.

Talk to your financial advisors about this situation.

1/4 of something is better than 100% of nothing.

3 Comments:

Anonymous Defender said...

I don't expect to live to retire (at 67 and a half) or see any of the Social Security money they confiscated from me for 30 years. I fully expect my pension to be gone, having bought golden parachutes for the executives who moved Customer Service to Manila.
"You say yoor name ees Vergeenia? Oh, no, no, you LEEVE een Vergeenia! Ees daht een Amayreeka? You SOUND like an Amayreekan...

November 30, 2010 at 4:42 PM  
Anonymous GardenSERF said...

People without money will be far easier to relocate to their new approved places. Remember the 9 steps to serfdom ;-)

November 30, 2010 at 10:11 PM  
Anonymous Anonymous said...

http://news.yahoo.com/s/ap/20101201/ap_on_re_us/us_deficit_commission

Social Security cuts are part of deficit plan

The plan also retains a 15-cent-a-gallon increase on gasoline, a three-year freeze on federal worker pay and the elimination of 200,000 workers from the federal payroll through attrition.

• Reduce the corporate income tax rate to 28 percent from 35 percent and stop taxing the overseas profits of U.S.-based multinational corporations.

• Overhaul individual income taxes and corporate taxes, giving Congress the choice of reducing the top rate to as low as 23 percent and no higher than 29 percent. The lower the rate, the fewer the tax credits and deductions that would be available to taxpayers.

December 1, 2010 at 1:39 PM  

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