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Harsh Austerity Measures...


               
2010 May 5, 9:24am   4,627 views  17 comments

by LAO   follow (0)  

Could what's happening in Greece come to American soil?  I'd be curious to know how the DAY TO DAY life of Greek citizens has been affected by these "harsh austerity measures" that would cause hundreds of thousands to take to the streets and torch a bank and kill 3 people.

Seeing all the fist fights and egg throwing in foreign congress/parliaments on television and now bloody riots.  What would have to happen in the U.S. for the general population to revolt?  And how close were we when the market was crashing in March 2008?

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14   Leopold B Scotch   @   2012 Jun 6, 1:28am  

mikey says

I don't want the dollar store to become the five dollar store.

Don't hold your breath. It used to be called the Five-and-Dime.

(The $ 0.05 and $ 0.10 store, if you will.)

15   zzyzzx   @   2012 Jun 6, 2:00am  

mikey says

I don't want the dollar store to become the five dollar store.

We already have them around here:

16   Zakrajshek   @   2012 Jun 6, 2:06am  

80 come on. There's some people (slave drivers) who never want to see others released from the yoke. They think that's why we were all born... to work... for them. Let this failed AIG dork work until he's a 100. There are many though, who don't know what to do with themselves without a job (someone telling them what to do)

There is no reason the retirement age shouldn't be going lower. Due to increased productivity, one person working today produces 4 times what a worker in 1950 produced. Wall street and corporations have gamed the system so they get almost all of these gains.

Thoreau wrote in the 1840s that he was able to produce all he needed for the year by working six weeks in his garden. The balance of his time, he said, was his. Save your money, live reasonably, and retire when you decide, not the government.

17   zzyzzx   @   2012 Jun 6, 2:24am  

Zakrajshek says

Thoreau wrote in the 1840s that he was able to produce all he needed for the year by working six weeks in his garden. The balance of his time, he said, was his. Save your money, live reasonably, and retire when you decide, not the government.

I agree. But to those too stupid to save, their retirement age should be 80. Remember when Social Security was first introduced the average lifespan was something like less than a year after you began to receive benefits.

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