Another report by the office of the chief actuary that I have read online, supports the PBO and predicts that the OAS costs will peak in 2030 and then decline to about 2% of GDP by 2075 as baby boomers die off.
Other news sources have quoted a 2010 report from the Finance Department as stating that the “public retirement income system is financially sustainable”.
Given this additional information, as well as numerous other sources of information online, I start to wonder why our government is not providing the public with all the relevant information on such a massive change to our public benefits.
The OAS and most other government spending comes from the general revenues and we the public must decide on the priorities for spending that money.
If we want to spend that revenue on $35 billion fighter jets that cannot function properly in the Arctic or billions more on super-prisons instead of Old Age Security, then that is our right. However, we need adequate and reliable information from our elected officials in order to make those informed decisions.
Scott Andrews, Sauble Beach
- Opinion Letters: Taxpayers need accurate information about OAS to make an informed decision, OwenSoundSunTimes.com, February 22, 2017.
3. A leading breast cancer researcher says abortion has caused at least 300,000 cases of breast cancer causing a woman’s death since the Supreme Court allowed virtually unlimited abortion in its 1973 case.
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