Subject: Re: European Nations have to Rise Retirement Ages
Really the US needs to do the same thing. You can't afford military, law enforcement, etc. to retire after only 20 years and then pay a pension for another 30-50+ years. Just not wise economically.
I know when I used to work for the federal government people always thought we could retire after 20 yrs and get a huge pension but that wasn't the case and the pension got significantly reduced in the early 80s.
Unfortunately we keep adding expenses without cutting back in some areas. Tough decisions but the spend, spend, spend and kick the can down the road process is going to be painful for people in the future. I'll be gone so I guess I shouldn't be concerned with it but it makes little sense.