Sunday, March 25, 2012

Harper's choices pit generations vs 1 another

http://www.theglobeandmail.com/news/politics/first-majority-budget-will-reveal-harper-unleashed/article2380035/

This budget won’t just cover the next four years. Mr. Harper says he wants to make an impact that lasts for generations...

In framing his plan as generational in scope, the government risks pitting generations against each other once the details emerge.

Ottawa says it’s looking to gradually raise the eligibility age for Old Age Security Pension, likely from 65 to 67. The Tories claim this will help younger Canadians by ensuring the program is sustainable. The question is how the younger generation – the cut-off age for the phase-in is not yet known – will react to the news that they can no longer count on receiving more than $6,000 a year from Ottawa when they're 65.

Former Tory cabinet minister Perrin Beatty, now president of the Canadian Chamber of Commerce, said years of minority Parliaments have prevented governments from making needed, but controversial, long-term changes.

Now, at the front end of a majority mandate, is the time to make those changes, he said.

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D- seriously, Harper just inherited this mess after not mere terms, but DECADES of neglect. And he can either raise the retirement age, increase CPP payin, or cut back CPP payout.
And a strong Boomer voting contingent renders the latter unthinkable. It'd be political suicide. Whereas right now that is not true of of picking on the GenXYZ contingent.

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