The Mudcat Café TM
Thread #116910   Message #2513845
Posted By: Big Mick
12-Dec-08 - 05:50 PM
Thread Name: BS: USA Corruption - How Much More?
Subject: RE: BS: USA Corruption - How Much More?
Yeah, my friend, I knew what you meant. I just hear the more callous folks toss that term around almost in a casual way. What really bugs me is that these thieves used these investment programs as an excuse to dismantle the pension system which provided a stable source of retirement income and led to stable employees, as well as encouraging turnover at a decent retirement age, so new folks could come into the job market. Now we are sitting in the position of having a ton of folks who relied on these investment vehicles instead of insisting on defined pension plans, with no fall back other than a Social Security system which is struggling already.

Last night you witnessed the meltdown of a needed program, simply because the Southern Republicans want to put a knife in the neck of the unions. It is more of the right passing blame down to the workers instead of upward where it belongs. That is corruption on a grand scale, IMO.

Mick