I draw your attention to the streets of Paris, this from the lead paragraph in an article in the10/13 WSJ —
” PARIS—French unions brought more than a million people into the streets Tuesday and vowed to press on with more strikes to protest President Nicolas Sarkozy’s plans to lift the retirement age, a measure aimed at cutting the fast-growing deficit of France’s state-run pension system.
The one-day strike and marches, the fourth such mobilization in a month, disrupted transport across France. Ports were shut, students blocked access to some high schools, and the Eiffel Tower was closed for most of the day.”
So what are the protests about, raising the retirement age from 60 to 62.
Certainly we have not gotten to the extremes of the social welfare programs of Europe but we also have rarely seen the realities of Sweden and other European countries who spent beyond their means and are cutting programs.
If you think the problem is not here and now look at this article about the ten cities whose pension plan are most bankrupt-
-trust me we can tax the rich at the pre- Kennedy rates and we will bring the economy to a halt and still not deal with the real costs of all the unfunded social programs, health care and pensions.
– one writer on this blog posits that the reason for underfunding was and is to keep taxes lower, I am amazed by that analysis. In a system that has allowed public employees to spike their earnings and begin getting benefits after twenty years of service, one wonders if the deception was done by those in on the heist. The symbiotic relationship between the Democrat party and the public employees unions is well documented, thus to suggest it was to keep down the taxes on the rich is fiction at best and more cynically it is a canard.
I do believe that government has a vital but limited role in our country and am happy to elaborate where I would spend and where I would cut or eliminate.
I conclude with this rather provocative link juxaposing Ronald Reagan with the current nation Democrat leaders.