Pensions are quite the hot issue. And issue on its own. Greatest trick NWO bankers (as Tovi calls them) have up their sleeve is to credit a poor country with fiat money and take pensions people earned ages ago in return. It is happening pretty much everywhere and that is how rich get richer.
For example, my mother worked for almost 20 years in Yugoslavia, where average pay was more than three times of what is now. Now country that takes care of half of her pension is Bosnian Federation. She gets 53 KM (some imaginary money they use in Bosnia) which is around 27 euros. Other half she's getting from Serbia and is around 120 euros. She should be getting at least 300 euros as full pension.
That is robbery and it's happening on a grand scale. Also robbery is what Americans do, paying for valuable non-replenishable resources such as oil (which isn't just fuel, it is used everywhere in industry) with their worthless dollar they print whenever they feel like it and don't give a flying fuck about debt that is piling. Because they can.
Spoken like someone who doesn't live in the US. As a country, America knows it's broke and debted, but we just can't convince ourselves to cut anything, except for pensions.
Also, for pensions, Government shouldnt(and never should have) promised and covered retirement years. It's the dumbest and most cost uneffective thing a governement can do. Instead, they should do something like an investement fund account that you control and you manage with some government assurances(like what we have with banks and the 250k max guaranteed you can keep if a bank collapses)
But, people do not wish to be responsible for themselves, thus we always comeback to the problem: Letting people who never see the money being spent, spend it.
Also probably why shit goes over budget so much in countries(case in point: Molly's example). Government is Inefficient, everyone knows it, yet, we all rely on it. Ironic, no?