eureka eureka:
There are many arguments that can be made about the Martin actions to tackle the debt and deficits. But it did not `steal`money from the Pension funds. It was the Unions that were most vocal about that and I did not get the impression that you are a Union man.
That was surplus money that was used to pay down the debt and had the effect of lowering interest rates (taken with the other measures) and putting Canada in the position of being able to withstand the shocks of 2008.
The government was, is, liable for any deficits in the fund and if there is any shortfall in the amount available for payment, it is legally obliged to make it up.
I happen to disagree with the methods used since they actually led to a reduction ingrowth rates that would have put Canada in the same strong position if left alone. However, it is not exactly correct to say that the pension funds were stolen. The surplus was applied to productive use.
It wasn't just union money it was also money from the RCMP and Military's pension fund, you know, the people who have no say on how much they put in or how much they get out of this Government contolled fund that stood near 60 Billion Dollars when Paulie took half of it so he could claim he balanced his budget.
I also don't give a shit about government deficits, liabilty or productive use of appropriated monies. Hell using that flawed and misleading theory, is like saying Bernie Madoff was an allright guy despite stealing all that money because he gave some of it to charity.
The fact of the matter is the monies were taken without the peoples, in this case investors, approval and then, Big Jean and Paulie had the gall to pass a bill in a majority Government that forbade any other corporations or companies from doing the same thing.
I wonder if you'd be pissed if I came and told you that the Government was taking your RRSP to pay off your neighbors debt and in future you'd have to pay considerably more and work considerably longer just to keep your pension. Which, is exactly what's happening to the non voting members of this pension fund.
So yeah I get pissed when one of their co-conspirators starts beaking about someonelse doing what they already did.
BTW the case is still in the courts and I'd love to see the hue and cry from any Government left or right, that had to pay it back.