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A comment on The Old Are Eating the Young. Parent comment

Re:The Old Are Eating the Young by coldtea on Wednesday June 14, 2017 @04:48AM (#14551437)
>What does this mean? That these staggeringly high numbers (if true) do not necessarily mean doom but "merely" that at some point people will find out that the pensions they have been promised won't be there when they reach retirement.

That's enough doom. What other "doom" would there be?

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Re:The Old Are Eating the Young by mseebach on Wednesday June 14, 2017 @05:19AM (#14551522)
> What other "doom" would there be?

That what little you might have saved/your house is worthless because of inflation and/or punitive taxes. That the economy crashes so you can't take a job/stay on the labour market longer to make up, and your kids, if you have any, won't be able to help you because they have no jobs. That the heath service won't be there, so you risk adding sickness to poverty. Crime and civil unrest.

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Re:The Old Are Eating the Young by coldtea on Wednesday June 14, 2017 @05:44AM (#14551608)
You think that if that default happens the economy and jobs will not be impacted, but continue OK?
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Re:The Old Are Eating the Young by mseebach on Wednesday June 14, 2017 @05:49AM (#14551624)
No? I think that pensions getting a haircut (to save the larger economy) is significantly less doom-y than the economy at large crashing due to e.g. a default.
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