Quote of the Day
They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it.
The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
Remember our proud history of social justice, universal health care, public pensions and making sure no one is left behind. Let's continue to move forward.
If you look at things that really affect people's lives - sport, the arts, charities - they were always at the back of the queue for government money - health, social security, defence, pensions were all way ahead. And each of those areas - sports, the arts, the lottery - got relatively petty cash from the government.
The country will also need 'new forms of social welfare' instead of its current system which is excessively centred on pensions.
I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.
I believe when hard-working citizens have earned their pension, it's wrong for Washington bureaucrats and politicians to take their pensions away.
In some cases, managers and employees have secured pensions beyond their original base salary. It is wrong, the people doing it know it's wrong, and we have to put an end to it.
Aside from the poor example it sets, the federal government enables reckless spending on public-employee pensions by offering hope of assistance from Washington if things get bad enough.
Public employee unions, in their defense, say politicians have unfairly made them into simplistic bogeymen, responsible for problems that have myriad causes. Not all government workers receive generous pensions, they note.
The backwoodsmen are muttering about making Britain's draconian union laws - already among the toughest in Europe - harsher still. And parts of the media will continue to attack public service pensions, as if school meals staff, refuse collectors and healthcare workers have no right to a decent retirement.
I have this cozy house here and I get three pensions from the States. I've done nicely.
I do believe in pensions.
I respect the state workers and I respect their unions, but we simply can't afford to pay benefits and pensions that are out of line with economic reality.
Democrats have always historically referred to our families as working families, and I have sort of changed that moniker. I think what we have is a nation of worried families - families that are concerned about job security, families who thought their pensions were secure and now have questions.
It wasn't until after college that I started writing. I had just applied randomly for jobs in the media and got one on a magazine called 'Pensions World.' So I was writing for a living there and that's when I started my first book.
They're making a song and dance because that serves their immediate interests. But what will happen tomorrow? They will have to pay salaries and pensions.
To see poor people, their benefits being cut, to see pensions of Americans who have worked like my father, all their lives, and taken away, to see the rich just accumulating more and more wealth. I mean, it seems to me that there has to be a point where you have to say, 'No, this has to stop.'
The Europeans waited so long that they are impacting people who depend on their pensions. We are still early enough to fix it for the next generation. A few states have started scaling back their programs, while others have come hat in hand for billion-dollar federal bailouts.
I have written to Minister of State for Personnel, Public Grievances and Pensions, asking him to consider 'staggered office timings' for government offices, which will help in decongesting road traffic during peak hours.
John F. Kennedy
Martin Luther King, Jr.
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