I agree that the false advertisements by both governments and private employers reguarding promises to their workers is criminal at best. History tells us that it in not unique to our generation
From the Roman Empire to the modern nation states, employers have found it expedient to provide pensions for the workers who perpetuate their regimes.
More than two thousand years ago, the fall of the Roman republic and the rise of the empire were inextricably linked to the payment, or rather the nonpayment, of military pensions.
During the American Revolution army pensions became such a sensitive issue that only the personal intervention of George Washington prevented a mutiny of Continental troops over their promised pension payments
(07-15-2016, 02:21 PM)DariaVader Wrote: I don't think anywhere near enough noise has been made about loss of earned benefits to our generation
(07-17-2016, 05:55 PM)justMongo Wrote: My last employer, whose revenue is nearly 100% from USG contracts, promised retiree medical care.
When the ACA passed, they dropped us like a hot potato. That was an earned benefit for years of service to the company.
(07-17-2016, 05:55 PM)justMongo Wrote: Was Medicare not also earned by virtue of paying the tax?
One of the bigest benifit withdrawals in history was the in 1933, when the American automaker Studebaker, went into receivership. And the company’s president, Albert Erskine, resigned and committed suicide. Studebaker eventually rebounded from its financial troubles, only to close its doors for the final time in 1966
On July 21, 1930 U.S. President Herbert Hoover issued executive Order 5398 - Establishing the Veterans' Administration in an atttemp to correct benifit failures promised to WWI verterans by Woodrow Wilson