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Robert K pointed out, around 10 years ago, that the USA government pension scheme/401k was already technically bankrupt ... seems that he was ignored by those that matter.

I won't go into why, even tho I don't agree with Australia's soft system, a safety net is a good thing - a whole new thread. Something do with with crime levels, mental heath issues, abject poverty of masses, gangs etc. The USD could do with some inflation ... My cousin and his family are...

Yep - you only get unemployment benefits for 12 months and then you're on your own. That's why so many take such low paying jobs and are homeless. Must be one of the very few "western" countries in the world where you can be fully employed but the pay is so pitiful that you have to live in a...

Very interesting ... I assume they won't because they were contracted under different conditions/rates etc - but wouldn't such a trade off solve so many current problems throughout Europe and have (hopefully) given governments of the day a big enough scare, with some breathing space, to sort out...

I suspect the employment figures are grossly under true ... due to unregistered unemployed and those that are under-employed. Just like in Australia. Another scary bit if the surplus turning into massive debt. Potentially just like Australia. And the policy paralysis due to no one...