Quote:
Originally Posted by Ocala Mike
Glad I hit the system when I did, because this present day assault on public employees would be maddening.
Ocala Mike
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Coming out of the 1950's and 1960's, the newly-created middle class was there for three reasons: you could afford to purchase a home on one salary, raise your kids, etc; and when you retired, you had the trifecta of security:
1) your savings account (which paid 5% interest over the years you saved)
2) your company pension
3) social security
4) equity in your house to leave your kids.
The introduction of "investment vehicles" in the 1980's stole retirement money from the savings accounts. Companies couldn't afford to offer routine pensions any more. There is no housing equity any more due to the finacial disaster created by the banks and Wall Street. And now the GOP is trying to steal and privatize all that is left of "available money" floating around the USA, government pensions and Social Security.
The only thing preventing the Republican Party from wholly-owning everything in America is the Judicial Branch of our government. But with rulings like Citzens United, they are trying.
That's why this falls' presidential election is so important: the next president will appoint likely two Supreme Court judges.