Thebudgetsurplusheinherited is now a deficit, thefiscalhole in America'sretireeprogrammes is bigger than ever, thetaxsystem is an unstable, patched-upmess.
Further, the DPJ would pay a monthly JPY70, 000 benefit to low-income retirees (not high income retirees), funded by taxes, whether or not the retiree had contributed to the system.
That effort is a reminder that when all the active-duty, reserve-component, retiree and dependent beneficiaries of the present system are added up, they exceed the margin of victory in many swing states during the 2008 election.