[Earl Voak]

Does anyone have more info on this? Very alarming if true.

[The Mayor]

Very alarming is right.

[ClearCase_guy]

State sovereignty. It's the only hope we really have at this point. If Obama makes a grab for state money, he may find himself with an open revolt.

And to be honest, I think that's what he wants. The way he pushes hot buttons, I pretty much believe that he's trying to make his opponents make the first move and initiate rebellion. At that point, he will feel more empowered to get down and dirty and start governing like an actual dictator.

[Sleeping Freeper]

Exactly what was done in Argentina.

[allmost]

The Pension Benefit Guaranty Fund could declare state pension funds insolvent and take them over. They shouldn’t be able to legally but look at the auto and bank takeovers. They followed a similar pattern. Declare the institution insolvent, take it over ‘for it’s own good’. The Delphi auto pension, for instance, is already Federalized. I wouldn’t shrug this off.

[JrsyJack]

Wait...state pension funds like those that support unions like AFSCME and SEIU? Well, they do fully support everything this administration proposes, all I can say is welcome to the opposition. LOL

[glock rocks]

Flash point. Are they really this stupid?

[Empireoftheatom48]

WTF!!!!!!!!

[TigerLikesRooster]

Gee, it is so nice that Dems decided to own this crisis. They may have thought that they can pull FDR II. However, U.S. economy is buckling under huge debts, public and private. This time around, FDR-style policy would be their path to doom.

[SunkenCiv]

[a blogger at] a Tea Party Townhall Meeting in Salado, Texas with US Representative John Carter (R-Round Rock) issued the warning. She said, "Representative Carter informed the crowd that talk has been bandied about Congress to appropriate every state's pension plans into the bankrupt Social Security System."

[allmost]

The groundwork of limiting private equity firms from participating in the banking industry has already begun. The Feds are requiring double, or more than double, Tier-1 capital in some cases to participate in these numerous bank takeovers. It’s directed against private funds and state pension funds. The signs are there.

[chris_bdba]

Can someone explain exactly what a “state pension fund” is. Would this be private companies or what?

[potlatch]

Bookmark for later

[ConservativeMind]

Sweet! If this planning has any truth to it, the Democrats will help assure that Republicans get tons of otherwise liberal vote heading the GOP way.

[endthematrix]

National Infrastructure Investment Act would help address these problems by creating an instrument that can help finance long-range investments with public and private capital...

See B. Schwartz and Third Way

[Scotswife]

And there goes the NEA

[GeronL]

Rush Limbaugh used to talk about this happening during the campaign.

I remember a while back when Jesse Jackson got the DNC to endorse the idea of government siezure of private retirement accounts to fund reparations.

[kabar]

It is not only state pensions but 401Ks as well. Thankfully, since being reported on GOPUSA and other sources, Americans are finally starting to hear about Barack Obama's socialist agenda. His income tax policy of taking money from one group and giving it to another group who doesn't pay income tax is simply a welfare program. With Democrats in charge of the U.S. House, Senate, and the White House, that's exactly the kind of big-government program we would get. And it doesn't stop there.

[Lancey Howard]

If I understand this story correctly, one government (federal) wants to steal from other governments (states) in order to make sure that normal, non-government Americans who have earned their social security checks (by dumping money into the system during their working lives) keep getting them. I’m not sure how concerned I should be.

[HighlyOpinionated]

Where exactly is this in the US Constitution?

This action would be illegal, unethical, immoral, and . . . but we’re talking about a Democrat controlled Congress aren’t we?

[MaxMax]

What Constitution, oh wait that's right, the RATs are treating the Constitution
as a document that doesn't tell them what they can't do.