MADDOG'S LAIR
  • Blog
  • About
  • Contact

Russian Prime Minister Dmitry Medvedev just cut the tape which should play at every pension collapse in the US 

5/25/2016

Comments

 
“There is No Money. Cheer Up!”

Brilliant, and honest!

Click through to read more.
"Russian Prime Minister Dmitry Medvedev yesterday faced angry retirees in Crimea, demanding the government index their pensions to inflation. On the news clip embedded in this article, a woman complains to the Prime Minister to about her tough life in the annexed territory:

It is impossible to live in Crimea for this money, prices are insane, our pensions are being incorrectly indexed, we are being insulted [by the authorities], they cannot even index it by 4 percent. What is 8,000 rubles a month ($120)?! You are using us as doormats! We worked for 45 years of our lives!

Medvedev, who is the head of the United Russia party, did not skip a beat:

We don’t index pensions anywhere in Russia. We do not have the money. Once we find the money, we will index your pensions. Cheer up, and all the best to you. I wish you good health.

Mic drop."

The blue model fail is world wide, from Russia, to the USA. Pensions are seriously in the crosshairs today.

Whether the pension is private:

​Central State Pension Plan is bankrupt . . . 

Or public:

It's time for a pension update from the pension apocalypse center here in Maddogslair at Stately Maddog Manor . . . 

It is likely in jeopardy. 

Medvedev is at least more honest than the American politicians who continue to act like the Trillion+ dollar pension crisis is just so much couch change. 

"In fact, by law, this year Russian pension outlays should grow at 4 percent. This is still nevertheless far below last year’s official inflation rate, which clocked in at 11.9 percent. Pensioners who still hold a job, however, are not eligible for indexed increases under the same law.

Earlier in April, Maxim Topilin, the Russian Labor Minister, claimed that “formally, there are no poor pensioners” living in Russia, since extra payouts from regional budgets make the pension amounts get above the official poverty line. The poverty line for the greater Moscow region in 2016 is defined as $186 per month for working people, $127 per month for retirees, and $162 per month for children. In Crimea it is about $15 less for each category. Around Moscow, rents vary depending on location, but even at the low end will eat up most of that budget. A cup of coffee in Starbucks in Moscow costs around $3, a cheeseburger in McDonalds is $1, a gallon of gasoline is the same price as in the U.S., around $2.50, pork costs around is $4 per pound."

In the Mafiocracy that is Russia, the revolution will not be televised, and asking for more gruel will gain one not a whit. This is coming soon to a pension fund near you! 

"When high oil prices were lining the state’s coffers, an informal social contract arose between Vladimir Putin and the Russian people: in exchange for guaranteed upkeep of a basic social safety net and a slight increase of living standards, the people would forfeit their political rights and not complain. Putin’s perpetual hold on the Kremlin has in large part been linked to the stability of this arrangement."

Forfeiting political rights is for fools, and drunkards, it always backfires, even if it is not a right you wish to enjoy. Fight for all of them, and demand rigid adherence to Constitutional limits on government powers. And make sure your private retirement savings is sufficient without pension payments. Failing that, one may need to find a taste for the doghouse, and kibbles, Alpo will likely be entirely too upscale for pensioners.
Comments
comments powered by Disqus

    Author

    Maddog

      Blog Subscription

    Subscribe to Blog

    Categories

    All
    1000-ways-to-die
    Abortion
    Amazon
    America
    Antisemitism
    Anti-semitism
    Bible
    Blogging
    Blue-model
    Book-links
    Booze
    Bus
    Cancer
    Children
    China
    China-ccp
    China-gdp
    China-ghost-cities
    China-ponzi
    Climate-change
    Coast-guardrescue-swimmer
    Cold-war
    Concealed-carry
    Constitution
    Cool-stuff
    Corruption
    Creative-destruction
    Crime
    Crisis-change
    Dead-guy-vote
    Dead-pool
    Death-of-the-pc
    Declaration-of-independence
    Deflation
    Democrat
    Demographic-decline
    Diet
    Earth-hour
    Ecommerce
    E-commerce
    Economic-change
    Economy
    Education
    End-of-history
    Energy
    Environmentalism
    Epa
    Eric-barker
    Europe
    Executive-outcomes
    F35
    Faith
    Family
    Fascists
    Financial-irresponsibility
    Financial-times
    Firearms
    First-world-problems
    Fitness
    Flight-to-security
    Food
    Fourth-turning
    Free-eye-exam
    French
    Funny
    Gdp
    Gdp-usa-vs-britain
    Gdp-usa-vs-germany
    Gdp-usa-vs-sweden
    Generational-theft
    Global-warming
    Government-incompetence
    Government-we-deserve
    Happiness
    Health
    Helicopter-parent
    Hell
    Holocene
    Honor
    Housing-affordability
    I-love-beaver
    Imf
    Immigration
    Independence-day
    Inefficiency
    Inflation
    Innovation
    Intelligence
    Intergenerational-conflict
    International-relations
    Investing
    Iran
    Iraq-war
    Islamic-reformation
    Italian-travel
    Japan
    Jodie-foster-effect
    Kayaking
    Keynesian-economist
    Kurdistan
    Law
    Leave-nato
    Leave-the-un
    Light-rail
    Maddog-story
    Marine
    Marriage
    Media
    Medical-insurance
    Medicine
    Middle-east
    Military
    Military-waste
    Money
    Monopoly
    Nanny-college
    News
    New-seasons
    Nirvana-is-another-name-for-hell
    North-korea
    Nukes
    Obama-doctrine
    Oil
    Oregon
    Organic
    Parenting
    Partition
    Pearl
    Pensions
    Peter-principle
    Police
    Politicians
    Portland
    Portlandia
    Portland-transit
    Predictions
    President-bush
    President-feckless-odither
    President-obama
    Psychology
    Race-huckster
    Rape
    Recession
    Recipe
    Replace-the-un
    Republican
    Research-studies-are-always-wrong
    Reviews
    Russia
    Salafism
    Sanctions
    Science
    Science-versus-faith
    Self-defense
    Self-drive-vehicle
    Sex
    Shale-oil
    Shia
    Sjw
    Sleeper
    Smart-growth
    Socialism
    Sovereignty
    Sport
    Sunni
    Supreme-court
    Syria
    Tax
    Technology
    Terrorism
    The-fed
    The-house-of-saud
    The-last-economic-superpower
    Therapy
    Trade
    Transit
    True-believer
    Tvfilm-review
    Un
    Union
    Urban-planning
    Urinals-of-note
    Venezuela
    Voter-fraud
    Wages
    Wahhabism
    War
    War-crimes
    Weird
    Weird-science
    Welfare
    Whole-foods
    Work



    RSS Feed

​Maddog's Lair is copyright 2016-2018 by Mark Sherman. Please feel free to quote from this site provided you link back to the original article.
Proudly powered by Weebly
  • Blog
  • About
  • Contact