Religions > Atheism > Countries That Tried AWOL-Styled Social Security "Reform" Got Fucked Like Gactimus' Rape Victims
| Topic: |
Religions > Atheism |
| User: |
"Yang, AthD h.c, Kicking AWOLs Cocaine Snorting Ass" |
| Date: |
15 Jan 2005 02:51:15 PM |
| Object: |
Countries That Tried AWOL-Styled Social Security "Reform" Got Fucked Like Gactimus' Rape Victims |
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http://www.prospect.org/web/page.ww?section=root&name=ViewWeb&articleId=8997
For all the fanfare that surrounds the Bush administration’s efforts
to present a bold new idea on pension reform, the truth is that it is
not new at all. In fact, the proposal first term in 1979 and which has
since led Britain to the brink of a crisis. Since then, the nation’s
basic pension, which is paid for out of tax receipts, has shrunk
dramatically. The United Kingdom has the stingiest state pension
program of any G8 nation, and there is growing consensus -- even among
British conservatives -- that reform is needed. And ironically enough,
considering that America is on the verge of copying Britain’s mistake,
most experts seek reform in the direction of a more generous, and
simpler, basic state pension -- one similar in design, in other words,
to America’s Social Security program. ...
Britain’s experiment with substituting private savings accounts for a
portion of state bene?ts has been a failure. A shorthand explanation
for what has gone wrong is that the costs and risks of running private
investment accounts outweigh the value of the returns they are likely
to earn. On average, fees and charges can reduce pension lump sums by
up to 30 percent on retirement. The nation’s savings industry, which
sells those private accounts, has already acknowledged this. Which
brings us to irony No. 2: Just as the United States prepares to funnel
untold billions to its private sector for the management of private
accounts, back in 2002, many U.K. insurance companies, mindful of
tough new rules against giving bad advice, began to write to their
customers urging them to consider abandoning their private savings and
returning to the state pension system -- something hundreds of
thousands of Britons have done already.
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"Admit it, women, sex never felt like sex until he beat the *****
out of you and forced his ***** into every hole in
your body."
- Gactimus aka Xomicron aka Snubis [1]
http://groups.google.com/groups?q=Admit+it,+women,+sex+never+felt+lik...
[1]
http://groups-beta.google.com/groups?q=gactimus++xomicron============...
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-----
Yang
a.a. #28
AthD (h.c.) conferred by the regents of the LCL
a.a. pastor #-273.15, the most frigid church of Celcius nee Kelvin
EAC Econometric Forecast and Sorcery Division
Proudly plonked by Lani Girl and Crazyalec (aka aka Yang's little poltregeist *****)
The Bush 'balanced' budget: 1.6 trillion and worsening
The Bush 'economic' policy: 12 million FEWER jobs than Clinton and counting
The Bush Iraq lie: -1362 GIs, one friend's co-worker's son and mounting
Having Bush ***** up my country: Worthless
.
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