In response to:

Now It's Time for the Entitlement Cliff

creativegirl Wrote: Jan 01, 2013 1:52 PM
Like Enron shafted all those people out of their pensions, one day we will wake up and all the entitlement programs will be toast and the liberal politicians will be laughing and eating cake and seeing there private doctors and guaranteed pensions while the fools who voted for them starve. You wonder why everyone is snapping up guns? When it happens, it will be every man for himself. Hope I never see that day.
true liberal Wrote: Jan 02, 2013 8:53 AM
That is why pension are obsolete.

People have to take care of their own future and not depend on the companies or the government for their social security
SpaceVegetable Wrote: Jan 02, 2013 3:40 PM
Exactly! Social Security was never meant to be anyone's sole retirement funding. Sure, most people had pensions back then, but those have proven to be unsustainable, so people need to prepare to fund their own retirements. I've never believed SS would still be around when I retire in a nother 20 years, so I don't even factor it into my planning. If it actually survives, it will be gravy.
rmiller Wrote: Jan 01, 2013 6:12 PM

As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts.

But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. If additional taxes are not matched by real cuts in government...