"The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out."

--

Source : Source: www.counterpunch.org

Michael Hudson

#Mean Quotes #Cutting Quotes #Pension Plans Quotes

“Trying to do good to people without God's help is no easier than making the sun shine at midnight. You discover that you've got to abandon all your own preferences, your own bright ideas, and guide souls along the road our Lord has marked out for them. You mustn't coerce them into some path of your own choosing.”
“It is the last territorial claim which I have to make in Europe, but it is a claim from which I will not recede and which, God willing, I will make good.”
“The spiritual journey is individual, highly personal. It can't be organized or regulated. It isn't true that everyone should follow one path. Listen to your own truth.”
“I frankly don't think it's going to be a successful war on terrorism until law enforcement agencies like the FBI are willing to share with other law enforcement agencies. If they can't share information, there's no way this war can be won.”
“I've also worked with various producers and artists around the world, which has helped with my international recognition. We've sold a lot of albums online in places like Norway and France. Sometimes we track my hits online daily and we are getting regular hits from people all over the place.”
“Middle age has been defined as what happens when a person's broad mind and narrow waist change places.”
“If I don't have an erection when I'm doing a drawing, I know it's no good.”
“But my activities have been pretty much focused in the last almost 30 years on the recovery, of my own recovery, the understanding for my family of my recovery.”

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