April 21, 2016

Trudeau rolls Old Age Security BACK to 65 — but Canada’s retirement system needs reform NOW

Rebel Staff
 

A new study by the Parliamentary Budget Officer says that Trudeau's decision to lower the age of eligibility for Old Age Security back to 65 from 67 will cost Canadians tax payers an extra $11 billion. That's per year.

The Harper Conservatives raised the age from 65 to 67, with a gradual shift in that direction starting in 2023, meaning that it wouldn’t hurt people about to retire but would be a change for people like me, a 44 year-old man many years away from retirement. I’d have time to plan.

This is something other countries are already doing, to account for changing demographics. It's just common sense.

But Justin Trudeau and the Liberals campaigned against this idea, using scaremongering, not hard facts.

Did you know that when OAS was instituted in 1952, it was means tested, and you had to be 70 years old to qualify? And that back then, life expectancy was UNDER 70? Now life expectancy is 81 and climbing.

Unlike the Canada Pension Plan, which we pay into and which we then draw from our own account, OAS is not tied to what you paid in, it simply comes out of general revenues. Where will this annual $11 billion come from?

We can reform the system now or just keep passing the bill on to our kids and grandkids.

My first guest is talk Conservative MP Gerard Deltell. We'll get his thoughts on Trudeau’s decision.

Then the Rebel's own Gavin McInnes talks about the legalization of marijuana next year. Is this a good idea or is Trudeau just pandering again, this time to the youth vote.

Comments
You must be logged in to comment. Click here to log in.
commented 2016-04-25 12:31:05 -0400
It’s important to point out a basic error: the reason for increasing OAS age is not so much life expectancy (the massive gains in life expectancy at birth are due primarily to declining infant mortality; at age 65, gains have been far more muted. A 65 year old in 1960 could expect to live until 81; today that number is 85).

The real reason for the push to increase OAS is that the two year delay increases the worker:retiree ratio significantly. At current birthrates and immigration rates, one or both of which are too low, we simply don’t have enough workers to sustain retiree benefits or the general economy.
commented 2016-04-25 09:16:17 -0400
ANONYMOUS commented 3 days ago
Why does Ezra insist on interviewing his own staff, and to pass it off as paywall content? And with that douchebag Gavin, of all people. Glad I am not paying to see this.

It won’t be long until this site is belly up. Everything Dizzy Levant touches turns to shit.
commented 2016-04-25 09:12:50 -0400
The liberals have managed the economy far better than any other governments expecially the knuckle draggers (reform pukes). What an embarrassment and stain on Canadian history these brain-dead idiots have been. More and more information as to the corrupt ways of Harper is coming to light and will continue to do so. And this media site is a wonderful way of turning people against the conservative movement in Canada which is floundering. Until the nutters are purged out of the party the con movement will writhe like a dying snake. As far as the pension issue being put back to 65, it only shows that the liberals want to do what is morally right. What a wonderful start to a new liberal government. Canada is back!
commented 2016-04-24 13:48:32 -0400
All a moot point. There will be nothing left of the Canada Pension Plan once Trudope raids it in an attempt to satisfy his new found “refugee” voters/friends!
commented 2016-04-23 00:43:04 -0400
Observation: You guys aren’t hysterical and full of BS attacks when you’re actually defending an actual policy position.

More of this please.
commented 2016-04-22 15:16:38 -0400
could someone please “bitchslap” Trudeau junior ? His “sunny ways” hypocrisy is smelling bad in every selfie I see
commented 2016-04-22 14:57:19 -0400
For the Liberals it’s about taking power at any cost & holding power at any cost. If they bankrupt the system at some point in the future, it’s fine with them. Trudeau’s trust fund is going to be safe & that’s all that really matters to him. People would be far better off if they handled their own retirement plan when they are young.

The war on drugs is a failure. It didn’t get rid of drugs. It made government larger & more intrusive & filled the jails. That said, allowing government use pot as a cash cow will guarantee that you’ll eventually get the worst pot at the highest price. Drug abuse must be fought at the cultural level.
commented 2016-04-22 07:37:53 -0400
Yup, people are living longer healthier lives but Junior needs to restore to retirement age. This boy doesn’t let the facts get in the way of a needless federal handout. Keep those entitlements rolling Junior and you can be PM forever! Yeesh!
commented 2016-04-22 03:35:25 -0400
Raising OAS to age 65 and cutting back home mail delivery wasn’t the right thing to do, it was a stupid thing to do by the Conservative Party, because, as I pointed out in e-mails I sent to the PM, it was never going to happen, since the electorate would not tolerate it, and would elect Trudeau to be their next PM if he promised to reverse these stupid policies, which is exactly what happened. Therefore, it was just a foolish act of political suicide by Stephen Harper and the Conservatives, driven by the hubris of Harper and other people who were out of touch with ordinary Canadians and who were oblivious to the mind-set of Canadians, and who were therefore blinded to the stupidity of enacting these policies over the objections of even their own base. Alas, they couldn’t understand that Canadians who grew up in a first world country wouldn’t tolerate Canada being transformed into a third world country. But the out-of-touch government brain trust thought they knew best, and now they’re in opposition, minus the fifty-some Conservative MP’s who got tossed by the voters. And now Trudeau is indeed PM and those policies are toast. Hubris equals stupidity. Thanks, arrogant brain trust, for giving us back a Liberal government. Not that we didn’t have a liberal government already, but at least it was called Conservative and had the potential to one day be an actual conservative government. Not any more. Now we are really toast.
commented 2016-04-22 01:51:15 -0400
What TruDope & his band of “sunny” Libtards is doing to Canada is no different than having a gang of really drunk drivers driving at high speed down the Trans Canada Hwy! As with drunken driving – this government needs to be taken out of the Canadians’ hair!

Karen Morse – yes that was a good series – wasn’t able to catch all of it – BUT contrary to what Brian & Gavin said about pot – it is a pain killer. Years ago I suffered a severe back injury – where my lower back twisted 270* over 4 discs. The older I get – the worse the pain. I have several doctors offer me perkasets & several other extremely harsh drugs for the pain. I refused – as I work at safety intensive – heavy equipment jobs and cannot be impaired by prescription “killer” drugs. My present doctor has directed me to use pot as required – and again contrary to Brian & Gavin – I do not use or need excessive amounts to gain the relief needed to be a functional, safe operator. I have witnessed many co-workers on these “legal” pain-killers and within short periods of time they become dangerously inept to do proper work – I refuse to work with people like that! …and Brian & Gavin – I am a highly motivated person and definitely NOT lazy – of course I don’t use “barrels” full of pot – just a drag now & then is all it takes to keep me functional, safely! And I do not suffer the side effects that those who use all those “legal” drugs do. That being said – I am not sure if legalizing pot is a good idea – just means the government will have their dirty sticky fingers in yet another source of revenue.
commented 2016-04-22 00:51:13 -0400
I just spent 9 evenings watching a series called ‘The Truth about Cancer’. This is a very interesting series that explains the history of pharmaceutical companies internationally and how they are in bed with governments simply to make money at our expense. Natural methods cannot be patented but they are way more effective than the patented synthetic drugs. In the Bible it says Yehovah gave us the plants as medicines and He was right. They have tons of testimonies where cancer patients, given death sentences or sent home to die where put on organic non-GMO diets of mainly fruits and vegatables, special teas, essential oils like peppermint oil or frankincense oil, toxicity cleansing, etc and these people are still alive to tell the story. They treat cancer and other ailments by making our cells healthy by in-taking natural substances that are easily metabolized by the body and that perform special functions for our body cells. Amazing.

Now what does this have to do with today’s show. Brian Lilley was saying that cannabis is not good for you and just causes you to be lazy. Watch this short excerpt from episode eight on the medicinal uses for cannabis and it will blow your socks off. For example they asked these researchers to do a test to prove that smoking cannabis causes lung cancer and instead they found that it prevents and cures lung cancer. Just watch what these doctors and scientists claim it can do.
The Truth About Cancer: A Global Quest – Episode 8 cannabis
https://www.youtube.com/watch?v=ojce_BdmXFc
commented 2016-04-22 00:45:46 -0400
Who cares if we cannot pay it in the future, the magic money tree will just have to be watered more often.
commented 2016-04-21 23:58:01 -0400
LL Peters Seymour

Come on now. Do you have any factual data on the amount of veterans who voted and for which party? The mouthy one from Sydney got a promise of a dedicated building for veterans affairs. Military members and veterans from the Maritimes are way too vocal for their own good and shooting their mouth off is second nature.

The other mouthy vet was from Ontario and was always bitching about care for veterans. Yes there are injured veterans who are getting screwed around by the system and yes there is not enough psychiatrists to treat PTSD . People have to realize that to get a medical pension you have to prove the injury or condition was caused by military service and veterans affair does not make it easy to be awarded this type of pension. Changing governments is not going to automatically produce more psychiatrists who are qualified to treat PTSD. You cannot just knit these people. They have to be available and looking for a new job.

These two mouthy characters are both blowhards and showboats and should be ashamed of themselves. I still do not understand how you can blame the veterans for Trudeau winning the election.
commented 2016-04-21 23:21:18 -0400
One of the main reasons the pensions age was moved from 65 to 67 was because of age demographics it will eventually not be sustainable. The Liberals have no clue or more probably don’t care about whether there will be enough money for future pensioners. Their only answer is to run up the deficit and leave it to future generations to try and clean up the mess.
commented 2016-04-21 23:07:20 -0400
Don’t just blame all this on the pot smokers. Do you know how many Veterans voted for that dipshit because they believed him when he said he would fight for the Vet’s. Now each an every one of those Vet’s that voted for him want to see him six feet under. This is what happens when all the people that stand up and make promises knowing full well that they have NO intention of keeping any of them. This has been going on for years and isn’t going to stop until the people take the government by the neck and hang them.
commented 2016-04-21 22:30:10 -0400
On the road to financial default for all Canadians – Bernie Trudeau and the Libranos.
commented 2016-04-21 22:00:52 -0400
No point in having a good government when the low information voters of Canada put into the office of Prime Minister an idiot like Justin Trudope, who repeals all the good legislation the previous government put into law.

It is time for Alberta to find the door and leave the coming disaster to the low information voters of the rest of Canada who believe Trudope is so smart.
commented 2016-04-21 21:57:18 -0400
Trudeau has it all worked out. Retirement at 65, the first time the new retiree goes to the Doctor he is told he needs a vaccination. The next day he feels really sick and goes to the Hospital, where he is kept in overnight for observation. He is given a Drip fed into his wrist. 6 am the next morning, at his home, the phone rings, “Hi, your husband just died, have a good day”.

It is called Euthanasia.

No Pension to pay, no long term hospital costs and last but not least. More room for Muslims. Right Justin ?
commented 2016-04-21 21:45:27 -0400
I heard on another news site out of Oklahoma that the drug cartels are moving into Colorado, but not much said by msm -— Kpcg.fm

Have a double double BRIAN,and I don’t mean timmies
commented 2016-04-21 21:39:30 -0400
The government shouldn’t even be in the pension or insurance industry. There are a lot of people that would have saved more if there wasn’t a “safety net.” Why bother when the government is going to take care of you right? Might as well blow it on 5th wheels and vacations to Mexico.

The only legitimate purpose of government is to protect our lives, property, and rights.
commented 2016-04-21 20:49:49 -0400
Good piece on more liberal repeals. But they don’t have any concept of money. Like NDP. 147 years since our last assassination in Canada, it’s getting old. Could have watched Gavin for another hour. He’s right on every many point
commented 2016-04-21 20:24:44 -0400
Why does Ezra insist on interviewing his own staff, and to pass it off as paywall content? And with that douchebag Gavin, of all people. Glad I am not paying to see this.
commented 2016-04-21 20:12:09 -0400
Enhancing pension benefits to realistic level so widowed seniors can afford to stay in their own homes would save millons on social elder care