This fucker has gone from being scary to.....

[Obvious Li]

downright dangerous as he unveils his platform to plunge the country into chaos and more long term spiraling debt.....



[size=150]Mulcair vows to retract Conservative changes to OAS[/size]

26

By Kristy Kirkup   ,Parliamentary Bureau



OTTAWA - NDP Leader Thomas Mulcair test drove an election promise in Toronto on Friday even though Canadians don't venture back to the polls for three years.



In a speech to seniors' organization CARP, Mulcair said an NDP government would restore the age of eligibility of Old Age Security (OAS) benefits to 65.



In its spring budget, the government announced it would change the age of eligibility to 67 come 2023.



The NDP argues this move is "reckless" and suggests it will impact seniors and other "vulnerable" Canadians.



"In a country as wealthy as Canada, there is simply no excuse for such a massive failure to take care of our own," Mulcair said.



Prime Minister Stephen Harper told the Commons this week it is "necessary to remind the opposition that there are no changes to Old Age Security" for a decade and that seniors' pensions are being "fully protected."



Harper has also said it is necessary to usher in changes to the monthly social security payment system because it is not sustainable as is.



Parliamentary Budget Officer Kevin Page, who released a report earlier this year that suggested the current OAS system is indeed sustainable, has now signalled he will take all government departments to court in a bid to obtain information about how budget cuts will impact services.





Kevin Page is another socialist Newfie trougher asshole...why this fucking government hired that prick is an unfathomable mystery

[Romero]

Yeah, Kevin Page should have lied and he shouldn't be helping Canadians.

[Obvious Li]

Yeah, Kevin Page should have lied and he shouldn't be helping Canadians.

Kevin Page has a very left wing political agenda.....he should be unceremoniously fired and stripped of any gvt; benefits.................

[Romero]

Western countries don't need to raise age eligibilities. Government pensions are in surplus every year and have proven to be sustainable.



Hundreds of million of people in Eastern countries can only dream of being so fortunate.

[Romero]

It's not bullshit. It's a fact that government pensions are in the black every year and are shown to be sustainable for at least a couple of decades.



It's been proven by the Congressional Budget Office in the US and our Parliamentary Budget Officer here. Social Security and Canadian Pension have been doing quite well.

[Obvious Li]

pretty much anything that is financed from the federal treasury is sustainable.....you just have to shift the money from other programs or borrow more to finance any shortfall.....which appears to be just fine according to Page, Homero and the rest of the fantasy finance dippers.....but as Pansy said. it is not possible to continue on the way we are when the number of contributors are falling every year....what kind of math do they teach in those dipper economic classes..........???????

[Romero]

pretty much anything that is financed from the federal treasury is sustainable.....you just have to shift the money from other programs or borrow more to finance any shortfall.....which appears to be just fine according to Page, Homero and the rest of the fantasy finance dippers.....but as Pansy said. it is not possible to continue on the way we are when the number of contributors are falling every year....what kind of math do they teach in those dipper economic classes..........???????

We don't need to shift money from other programs or borrow more. The pension plans run a surplus every year! There's no indication they'll ever need any extra money.

[cc]

Cruelty would be continuing as it has in the past until it bottoms out and there is not a penny to pay those needing it.



For the dreamers, simple math is harsh and cold. It just tells it like it is



This is a certain "pot suddenly empty" problem not only here, but deadly in the US and EU. We are not immune

[Romero]

Economic Action Plan 2012 announces that the 2010–2012 triennial review of the CPP confirms the financial sustainability of the Plan for at least the next 75 years at the current contribution rate of 9.9 per cent of pensionable earnings.



http://actionplan.gc.ca/en/initiative/canada-pension-plan">//http://actionplan.gc.ca/en/initiative/canada-pension-plan

[Securious]

pretty much anything that is financed from the federal treasury is sustainable.....you just have to shift the money from other programs or borrow more to finance any shortfall.....which appears to be just fine according to Page, Homero and the rest of the fantasy finance dippers.....but as Pansy said. it is not possible to continue on the way we are when the number of contributors are falling every year....what kind of math do they teach in those dipper economic classes..........???????

We don't need to shift money from other programs or borrow more. The pension plans run a surplus every year! There's no indication they'll ever need any extra money.

 

[Romero]

I've been talking about all the pension plans.

Research prepared at Ottawa's request argues Canada's pension system is in far better shape than the Europeans', and there's no need to raise the retirement age. Edward Whitehouse – who researches pension policy on behalf of the Organization for Economic Co-operation and Development and the World Bank – was asked by Ottawa to study and report on how Canada stacks up internationally when it comes to pensions.



His conclusion: "The analysis suggests that Canada does not face major challenges of financial sustainability with its public pension schemes," and "there is no pressing financial or fiscal need to increase pension ages in the foreseeable future."



While other OECD countries face big pension problems, the report predicts Canada will do just fine as the baby boomers retire. That's because, as Canada heads into the boomer crunch, it spends far less than the OECD average on public pensions. Further, Canada's relatively high levels of immigration will partially offset the distortions of an aging population, and Canadians tend to save more independently through RRSPs and workplace pensions than Europeans.



http://m.theglobeandmail.com/news/politics/research-belies-pms-warning-about-oas/article2320279/?service=mobile">//http://m.theglobeandmail.com/news/politics/research-belies-pms-warning-about-oas/article2320279/?service=mobile

[Romero]

What's to explain about some nonsense you've made up? The Parliamentary Budget Office and economists have concluded that OAS is going to be fine for the foreseeable future.

[Romero]

Please explain this magic trick how 80% fewer workers can support more retirees for an even longer time than in the past? I love magic tricks, so this should be good.

What 80% fewer workers? Where are you getting these numbers from?

[Romero]

The Parliamentary Budget Office and economists have taken that into account.

[Obvious Li]

Homero doesn't worry about such minor details as whether a program is sustainable or not....the lefties couldn't care less if there were 0 workers supporting the program.....they would simply borrow the money to fund their wish list...i repeat.....OAS is paid out of general revenue...it will always be sustainable, even if no workers contribute......as long as the gvt. takes the funds from some other program, raises tax revenue or  borrows it....can't happen any other way....which would you prefer homer????.....or would it be best to raise the age to 67 (and give notice 12 years in advance) just like the Harperites are doing....a very small sacrifice to make to avoid long term pain down the road....go stephen