My St. John's friend and the founding treasurer of St. John's School, Bruce Hughes, shown here with Lisa at son Scott's June wedding, wrote to the Orange County Register about one of the recommendations of the bipartisan debt commission:I am happy to hear that our government’s debt commission is finally trying to be fiscally responsible and rein in our national debt by reducing our payments from Social Security and Medicare. After all, no one guaranteed these people that they would actually collect from the taxes that they paid for 40 or 50 years. They were also told that this government pittance would not be enough to support them through their elderly years and they would need to supplement this pension. As such, they should all have some savings in the bank. Maybe we can tax this money, too.The more I consider this proposal, the angrier I get. Our Washington elected politicians can retire at any age after 20 years of service while receiving 80 percent of their full salary. Public employees can retire after 25 years of service at any age with near full salary benefits. This proposal is creating an elite group who can stop working at an early age, with near full salaries and all the rest of us who will be like cattle led to slaughter.
The rest of us must continue to work until we die and pay taxes to support the public employees and politicians. If this deficit commission wants change, let’s make the system equal. That will be a major change.
