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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.
There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably 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.'
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.
Because of outdated regulations, workers in different types of contract often have unequal access to healthcare, pensions, education, and training, as well as other social benefits. This has to change for countries to remain competitive and for our businesses and workers to survive in the digital age.
Trump gives progressives a way to channel whatever guilt they might have - whether from preventing homebuilding, benefitting from unfair taxes and pensions, or depriving black and Latino students the teacher quality and school funding they need - into a sanctimonious tribal rage against Republican racism.
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.
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.
Germany has great skill levels, great infrastructure, high-quality plant. If you go to the U.K., we're very creative, and we've got the language, but energy costs are pretty much the most expensive in the Western world; pensions are pretty expensive, and the skills are significantly below those in Germany and the U.S.
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.
Toronto is a world-class city. You don't have a debate here about immigration because you need it to just maintain your pensions: that's dependent on people coming in to fund that. And again, I don't want to be controversial, but I think the average education level in Canada is probably higher than in the United States.
Throughout the universe of public and private funds, managers are measured quarterly against one index or another, defined by statistics, and corralled into this category or that category so that fund of funds, pensions, and other institutions can make comforting - if not necessarily prudent - asset allocation decisions.
This is about right vs. wrong - and focusing on our values of faith, family and hard work so we can help Kentucky families who are falling behind. While Matt Bevin cares about the special interests, we're fighting to improve public education, expand access to health care, protect pensions, and create more good-paying jobs.
If you can't trust your boss - or your pension company - to take care of your investment, who can you trust? The vast majority of company chiefs take their responsibilities seriously and protect their workers' final salary pensions. But for too long, the reckless few playing fast and loose with people's futures have got away scot-free.
Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases.
