Now It’s Time For a Union Initiated Ponzi Retirement System SchemePosted by Al @ 10:18 am
I guess the MSM doesn’t touch these kinds of stories. Surprised? Since the government has finally reached the threshold on Social Security by raiding its coffers of their legalized Ponzi system, they may give into another group of thugs’ ideas to steal your retirement money. Look! The Retirement USA Initiative.
This is merely an attempt to have the government subsidize the union members’ pension funds that are underfunded while union leaders live it up on their members’ dime.
In the comment section on this SEIU web page, there was an excellent response -it probably was a union member:
March 25, 2010 10:44 AM | Reply
So, let me get this straight. The government sets up this legal Ponzi scheme known as Social Security and completely mismanages it and loots money from it for decades. And, now, it’s effectively insolvent as all surpluses have disappeared thanks to bank bailouts and two unending wars. Meanwhile, unions operate pension funds and knowingly underfund them for a generation, which the federal government sat back and let them do. Now, after all that, I’m supposed to hand over my money, that I managed to save on account of my suspicion all along that the government is headed towards bankruptcy, because you are trying to sell me on the idea that THIS TIME you’ll get it right? Are you people kidding? Is this a parody site or something?
Unions, with their Communist foundations, have managed to undermine the basic principles of the US Constitution. They are traitors that, as their end-game, will continue to create a Communist-induced class struggle. Without that mindset, unions cannot exist as a tool to transform America.
The unions outlived their usefulness decades ago.
Fight to kill the unions in the school, government, and industry.
By the way, did you know that the US Treasury Dept, and IRS, amongst many other federal agencies, are shielded from the taxpayer (their bosses) by unions sanctioned by your own Federal Government and funded with the help of your tax dollars.