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The time is now 8:24 am
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April 26, 2024, 6:17 am
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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
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