Thursday, May 12, 2011

NDP want to double pension benefits

http://www.theglobeandmail.com/news/politics/layton-says-hell-be-driving-hard-to-strengthen-pensions/article2019108/

During the campaign, the NDP proposed doubling CPP benefits and pumping an extra $400-million annually into the Guaranteed Income Supplement for the poor. It said the GIS boost would be covered by higher corporate taxes.

D - thank heaven he does not have the clout of a minority government!

No explanation about where this money would come from.

When the long-term viability is already in doubt.

This amounts to icing on the cake for Boomers.
First, they pay artificially low rates for the 1st 1/2 of their work careers.
Then, last minute, they get an increase that amounts to what the "Great Generation" got, on top of that!

Wow. Just wow.

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