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View Diary: The "Fiscal Cliff" and the Coming Retirement Crisis of the Middle Class (90 comments)

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  •  I don't see that at all, (6+ / 0-)

    My prediction is that "retirement" will become mandatory at a certain age(?) at some time in the near future. How you survive is up to you. ( I will be 59 next week by the way.)

    "Remember, Republican economic policies quadrupled the debt before I took office and doubled it after I left. We simply can't afford to double-down on trickle-down." Bill Clinton

    by irate on Thu Jan 03, 2013 at 02:36:21 PM PST

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    •  That would open an entire new and interesting (2+ / 0-)
      Recommended by:
      Ian H, BlueDragon

      field of civil rights litigation.

      •  You assume "the law" will provide any remedy. (5+ / 0-)

        How much recent history does it take to make it plain that upward wealth concentration = (among other things) making "not illegal" all the shit that fosters that upward stripping of wealth? Either by re-writing "the law" that we are generally stupid enough to believe is some honest-broker hand that fairly treats all that come before "it," or via the "management" of all the mechanisms of enforcement and adjudication.

        Look at your various debt contracts (mortgages, credit cards, auto loans, "payday loans," etc.), and how debts can be collected and what can ever be discharged in bankruptcy. Look at what the "Justice Department" BWAA-HAAAW-HAAAW is or mostly is not doing about the wholesale flood of COUNTERFEITING that is the derivative/securitization "financial industrial complex" racket, all that Too-big-To-Fuck With simple and complex theft in that "sector." Them fokkin' Bankstas sure seem to be, ahem, "above the law." You got to love the "consent decrees" that the PTB are using to stick it further up our backsides behind a miasma of "enforcement." http://economistsview.typepad.com/...

        This is the day of the Henry Potters: http://www.counterpunch.org/... It's all about using the power to indebt to steal everything that's rent-able and then bleeding us out with ever-increasing rents.

        How's it feel to be becoming a nation of mostly debt serfs?

        "Is that all there is?" Peggy Lee.

        by jm214 on Fri Jan 04, 2013 at 11:39:16 AM PST

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