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Obama Wins - Unionizing Fed Ex
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<blockquote data-quote="Catatonic" data-source="post: 424694" data-attributes="member: 7966"><p>Rod, you retirees should be concerned. </p><p>The similarities of the new administration to Carter's administration are many and in particular the large national debt.</p><p> </p><p>One of the easiest ways to reduce the national debt is to let inflation go up. Not the 21% of Carter but 7 - 8 % is possible and more important - doable through administration policies.</p><p>5 years at 7% inflation and your non-COLA based pension has been reduced by 30% in terms of buying power.</p><p> </p><p>Although eligible for retirement next year, I am planning to work 3 - 4 more years at this point and the inflation aspect has become the most influential reason for my delay. </p><p> </p><p>I will re-evaluate when I retire as we move through the next 4 years.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 424694, member: 7966"] Rod, you retirees should be concerned. The similarities of the new administration to Carter's administration are many and in particular the large national debt. One of the easiest ways to reduce the national debt is to let inflation go up. Not the 21% of Carter but 7 - 8 % is possible and more important - doable through administration policies. 5 years at 7% inflation and your non-COLA based pension has been reduced by 30% in terms of buying power. Although eligible for retirement next year, I am planning to work 3 - 4 more years at this point and the inflation aspect has become the most influential reason for my delay. I will re-evaluate when I retire as we move through the next 4 years. [/QUOTE]
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Obama Wins - Unionizing Fed Ex
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