Unfunden Pensions Liability

Why is this not surprising? With the government and the opposition parties for many years telling the public and creating a false sense that cutting taxes is a good thing. Public also gullible and promoting this crap. Taxes are important, whilst the good years, the government should have had a healthy surplus, now in the current climate, the pot is empty. Gone begging for loans to bail out the economy, government loans i bet on a self cert basis. Government does not have enough money to make sure that we in our later lives have the sufficient guarantees that we will have sufficient income. The vast majority of civil servants earn a dire wage. The whole economy has been on a spend now and worry about paying back later. What are we leaving for our next generation? Whilst we have moved to service orientated environment, no skills on a vast majority basis, whilst the growing countries have moved to the production of physical good. They have surpluses. The western world will move to a 3rd world status and the tiger countries will rule. We have people running the government who studied economics, a theory no one uses in the real world. We have a government that promoted financial services for far too long thinking this was an area that would contribute to the economy. What a mess

Posted by: Anton