via LA Times Weary from decades of working nights and weekends at a public hospital, nursing assistant Inelia Pardo Acevedo recently retired.
But the 64-year-old plans to look for a part-time job to pad the nest egg in her personal retirement account. The $225 a month she draws under Chile's privatized system doesn't stretch far. And what galls her is that colleagues who stuck with traditional pension plans get three times as much, guaranteed for the rest of their lives.
The government "painted this wonderful picture of private accounts," Pardo said. "They fooled me. They fooled us all." ...read all
So is this the model that the RNM is using as their"example?" I find it hard to imagine that for the almost thirty years George W. Bush has had to ponder how to dismantle Social Security, he doesn't even have a plan to unveil to the American people. No wonder Speaker Hastert has his doubts.
GOP presidential hopeful Mitt Romney was out paying homage to the Koch brothers this Friday evening at an event hosted by their front group, Americans for Prosperity in Washington DC and I could not do a better job of summing this speech up if I tried, so I'll just refer everyone to this post by Stephen D. Foster Jr. at Addicting Info -- Mitt Romney Vows To Privatize Medicare, Raise The Retirement Age, And Fire Thousands Of Government Workers: Read more...