Saturday, November 15, 2008

Seizing pensions, the final step to bankruptcy

I know, I know Pravda, but when this guys right, he is right.
As these late autumn days of financial disaster wind down into a winter of discontent across the world, the United States Congress is discussing a step that will surely signal the final collapse of America as anything more than a bankrupt and possibly failed state.

What is this subject? The subject is none other than pensions, the last refuge of money and the last source of fast cash for spend thirsty politicos. In committees the US Congress is hearing testimony from various leftist professors on how to redistribute, read spend, the vast amount of money accumulated by the 60 million Americans at or near retirement age.
Read the whole thing. It's not all completely accurate but the premise is dead on.

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