the data shows that just a small portion of the populace is really getting gains from lipitor and stopping smoking. the rates have raised the incidents of heart attacks, diabetes and cancers, so this idea that everybody is living longer, really only pertains to actually, no offense, but whoto white males with good jobs and high income taking their statins regularly and not smoking. then let s talk about the difference for people who have a 401(k), for retirees, the type of investment people think is going to be enough that s going to sustain them in later years. where does that fall in line? over the last 30 years, employers have switched from what we call a pension, defined benefit pension to the 401(k)s that the employers call a pension but everybody knows it really isn t guaranteed, it won t necessarily be there when they retire. the last couple of years have
think washington gets it. so it will be called something else. the crux teachers salaries. it is about defined benefit plans. we are seeing this all over the country, even in san francisco, san francisco, interim mayor is saying our pension plan needs to be scrapped. if it isn t we are not going to be able to fund our police force. the question is, why in the private sector you have to fund your retirement, it isn t guaranteed and in the public sector it is. cops and firemen are exempt in the wisconsin fight. the states, for years, have been acting like the tin can on the just married car. they ve been reckless. they ve got 10 a lot of money already under this administration. under the guise of unemployment help or stimulus. i have to disagree with rich. i don t think the unfunded liabilities are a trillion,