Posted on 03/25/2010 7:34:29 AM PDT by FReepaholic
Having ruined the pension funds of Americans nationally through corrupt and utterly unsustainable "projections" of future growth labor unions are now targeting your money to make up the difference: One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United States. In effect, government pensions for everyone, not unlike the European system and regardless of personal choice.
Yes, because labor unions have done such a great job of managing their pension plans, right? Oh wait, they haven't. In fact, virtually none of them are actuarially sound, and they know it. So instead of addressing this (which would mean that workers would have to put up much more of their wages to be funneled into these funds) the SEUI is effectively advocating stealing your 401k - to cover for their outrageously rosy "estimates" on portfolio returns (which in fact have been negative over the last ten years.)
I may have been early in my "What's Broken: All Of It" Ticker about a year ago, but it also looks like I was right.
Not if you count straight up....................
SEIUer Rat ping
With most 401k funds invested in stocks, bonds, etc, wouldn’t confiscating them and pulling them out of the markets crash the economy?....Oh...nevermind.
Heh, I started to list some of the things I spent my money on. Didn’t want them someonewhere on the net.
they’ve been plotting it for at least two decades
got any good recipes? 8-)
I’ve said it before, I think this administration is intentionally trying to start CW2. That way, he can declare martial law, shut down the ‘10 elections, and become “El Presidente para la vida”, like his Venezuelan and Cuban counterparts.
If you trust in God, dying is not a problem...............
1. Put your money where they can't get to it.
2. Put them where they can't get to your money.
Obama will promise an EO protecting them.
I did the Schiff posts for a year that talked about how the US government (both parties) main policy is to discourage savings and ecourage personal debt and consumption with low interest rates. In China savings is a cultural norm similar to my grandparents in their day.
So when I hear these Washington establishment liberals (including republicans) complaining about low savings it just get’s me mad.
I hear ya. I agree with you, and can’t tell you how many times I’ve been angry over the last nearly year and a half. Oh hell, I’ve been angry for years before that as I saw what was taking place in both parties.
Does anyone LONG for the days when the MAFIOSO ran all of the nations labor unions and systematically raided “pension plans”, declaring them “unfortunately insolvent” whenever the top bosses wanted some extra dough??? Well just substitute Communist Party for Cosa Nostra and you’ll be brought up to 2010.
thats startin to look like my best option too...
go underground and sign up for every gimme program on the books...crush the beast under its own weight...
Do give into this. Fight! As Winston Churchill said, "Never, never, never give up."
Let’s not forget we’ll be taxed to fund the killing of unborn babies.
ya know, the platter of $1k bills fer a meal ???
might oughtta be considerin hurryin a bit, before there nuthin left to come back to...
i apologise for omitting the “Thank You” for going in the first place...
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