Many governments, businesses, unions have underfunded retirement obligations (just look at Social Security). You could plug in just about any entity you wanted in the cartoon. We all have favorite whipping boys. Lisa seems to like the Left Coast. I’ll wager yours is named Bush.
If you don’t invest in your own future, it is a sad state of affairs. It is estimated that the average Starbucks customer spends 1800/year. That is 72,000 bucks plus interest over 40 years. Probably come to 100K. And that is ONLY COFFEE savings.
Companies and individuals have and do save for retirement. Many of the companies are acquired by other businesses (such as Bain Capital) which sell off assets and take the money “laying around in the retirement fund” and “invest” it.Through legal maneuvers, the retirement funds are depleted.Those who have saved and invested, It just takes one downturn in stocks or other investments to wipe out all savings. (that money goes into some entities accounts)Promises and agreements working people had with society have been eroded and broken. Most of that can be laid at conservatives doorstep. (and many of those conservatives were in the Democrat Party)
jonesb over 8 years ago
Why do you torture yourself looking at her political cartoons?
derdave969 over 8 years ago
Many governments, businesses, unions have underfunded retirement obligations (just look at Social Security). You could plug in just about any entity you wanted in the cartoon. We all have favorite whipping boys. Lisa seems to like the Left Coast. I’ll wager yours is named Bush.
NeedaChuckle Premium Member over 8 years ago
If you don’t invest in your own future, it is a sad state of affairs. It is estimated that the average Starbucks customer spends 1800/year. That is 72,000 bucks plus interest over 40 years. Probably come to 100K. And that is ONLY COFFEE savings.
superposition over 8 years ago
http://pensionpulse.blogspot.com/2015/03/americas-pensions-in-peril.html
eugene57 over 8 years ago
Companies and individuals have and do save for retirement. Many of the companies are acquired by other businesses (such as Bain Capital) which sell off assets and take the money “laying around in the retirement fund” and “invest” it.Through legal maneuvers, the retirement funds are depleted.Those who have saved and invested, It just takes one downturn in stocks or other investments to wipe out all savings. (that money goes into some entities accounts)Promises and agreements working people had with society have been eroded and broken. Most of that can be laid at conservatives doorstep. (and many of those conservatives were in the Democrat Party)
superposition over 8 years ago
http://money.cnn.com/2014/11/03/investing/election-donations-wall-street-republicans/
piobaire over 8 years ago
Workers: “Please pay us a good wage for our professional services.”
Employers: “Well, we can’t pay you very much now, so how about a nice pension, and we’ll buy you health insurance?”
Workers: “OK.”
Some in government: “Well, we better set aside some money, so we can pay those pensions thirty years down the road.”
Others in government: “Yup, but not this year. We have other things to spend it on, and tax breaks to give.”
And not the next year, or the year after that. On and on it goes.
Eventually, you get this. Workers: “Please give us the pension you promised.”
Some pundits, and some in government: “Greedy workers! Bankrupting the system!”