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"New Lame Duck Threat to Bailout Union Pensions

Published:

 
"Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more "fairly" distribute taxpayer-funded pensions to everyone."
 
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"New Lame Duck Threat to Bailout Union Pensions
".... In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a "fair" pension to everyone using that confiscated money coupled with the mandated contributions.  This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending. ....."
http://www.humanevents.com/article.php?id=39336
Entry #2,310

Comments

1.
JAP69Comment by JAP69 - October 11, 2010, 3:39 pm
Thanks Konane,
The wheels of takeover is moving faster and faster.
2.
konaneComment by konane - October 11, 2010, 3:53 pm
Thanks JAP! Looking like an earth moving dirt pan fully loaded to me.
3.
sully16Comment by sully16 - October 11, 2010, 6:19 pm
THEY CAN'T TAKE OUR 401K MONEY, THEY CAN'T SEIZE MY INVESTMENTS TO PAY FOR UNIONS.
4.
konaneComment by konane - October 11, 2010, 6:23 pm
Thanks Sully! They need to be voted out, all of them.

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