Quote:
Originally Posted by O.A.F.K.1.1
Both parties were buying votes, the point, that seems to be escaping you entirely, was that no one was protesting so vehemently that there was no money for it.
That is despite the fact that the triple lock is highly unsustainable policy over the long term, in an other act of intergenerational fairness, probably the only way to make it sustainable is to raise pension age to 70.
I agree the triple lock is bull****, I don't think pensions should rise faster than earnings - I was objecting to your complete misrepresentation of the facts in this case, i.e. the cost and the implication that Labour would have spent less on pensions.
I suspect no one was protesting about it because the cost of the guarantee is hard to estimate, the costs in the bbc article were backward looking rather than forward looking. Also, I don't remember much (any?) debate on it in 2010, it was hardly likely that Brown was going to tell the Tories they were spending too much on pensioners.
Seperately, while the increases to pensions are too high, the state pension is still tiny.