We Can’t Retire at 60? Sacre Bleu!

by Mike on September 7, 2010

in Culture,Economy,Europe,Politics

A country can only spend money it doesn’t have for so long.  That said, it isn’t easy to slam the brakes on out of control spending when the moochers have become addicted.  Take France for example.  Nicolas Sarkozy’s government has proposed raising the retirement age from 60 to 62.  The result, French parasites citizens went on strike, took to the streets, and protested.  If only they could show that kind of initiative during the workday.

It’s common sense that there can be no retirement system at all once the government runs out of other peoples’ money.  In fact, it’s so obvious that even the French government realizes it.  The problem is that when a country spends exorbitant amounts of money to allow people to collect while not working, people inevitably become addicted.  When the government then shows the slightest hint that benefits may be reduced, the result is a rally of addicts fearing withdrawal.

Cutting benefits is not easy, especially in the more left-leaning countries.  But if leaders back down now, just imagine the backlash when there is no more money at all.  Stay strong Sarko!

{ 1 comment… read it below or add one }

Ryan September 7, 2010 at 4:49 pm

Belonging to a public employee union, I can technically retire AND collect a public pension after 30 years on the job. I will be 54 when that happens! That’s a little ridiculous and will likely change before I get there. But if suddenly they told me I had to retire at 67 without regard to years put it, that would be a drastic change, but a least would give me enough time to adjust.

But 60 to 62 is not a drastic change at all. In fact, the French should adjust the public retirement dole for increased lifespans rather than antiquated calculations based on a time when life expectancy was 65. But then, based on the protests, that might nearly lead to revolution. People want their goodies. That’s why breaking down the social welfare state will be so tumultuous.

Reply

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Previous post:

Next post: