US government...bigger theives than you thought.

peilthetraveler · May 17, 2011

http://www.theglobeandmail.com/repo...source=Report On Business&utm_content=2023966

They hit the debt ceiling and now no more money, so in order to keep big government running, they have their hands in the cookie jar and are taking the money right out of your retirement account. This is not their money to borrow. This is the equivilent of if you or I got turned down for a loan at the bank, then decided to steal the money from elderly folks and justify it by saying "Oh I will just pay it back when the bank starts to give me credit again."

How are people not up in arms about this?

Stok · May 17, 2011

Quote from peilthetraveler:

http://www.theglobeandmail.com/repo...source=Report On Business&utm_content=2023966

They hit the debt ceiling and now no more money, so in order to keep big government running, they have their hands in the cookie jar and are taking the money right out of your retirement account. This is not their money to borrow. This is the equivilent of if you or I got turned down for a loan at the bank, then decided to steal the money from elderly folks and justify it by saying "Oh I will just pay it back when the bank starts to give me credit again."

How are people not up in arms about this?

Because 95% of the American people are stoopid. They want their food stamps and gubernment handout's, and in exchange they will keep voting democrat. The scam of all time that began about 50-60 years ago.

Martinghoul · May 17, 2011

Quote from peilthetraveler:
http://www.theglobeandmail.com/repo...source=Report On Business&utm_content=2023966

They hit the debt ceiling and now no more money, so in order to keep big government running, they have their hands in the cookie jar and are taking the money right out of your retirement account. This is not their money to borrow. This is the equivilent of if you or I got turned down for a loan at the bank, then decided to steal the money from elderly folks and justify it by saying "Oh I will just pay it back when the bank starts to give me credit again."

How are people not up in arms about this?

As I have mentioned before, shouldn't we all be happy with this? This is the govt effectively taking money out of the retirement accounts of govt employees...

I thought cutting public sector benefits was supposed to be a good thing?

denner · May 17, 2011

Quote from peilthetraveler:

http://www.theglobeandmail.com/repo...source=Report On Business&utm_content=2023966

They hit the debt ceiling and now no more money, so in order to keep big government running, they have their hands in the cookie jar and are taking the money right out of your retirement account. This is not their money to borrow. This is the equivilent of if you or I got turned down for a loan at the bank, then decided to steal the money from elderly folks and justify it by saying "Oh I will just pay it back when the bank starts to give me credit again."

How are people not up in arms about this?

Maybe because the beneficiaries of government largesse are these same public sector employees whose retirement assets are being pledged.

You also assume that nobody is up in arms about this because we don't have Greece style rioting...This country is far too polarized to create a unified form of protest. Heck, the most violent and impassioned rioting I've seen was in Madison, WI. Pretty much only eclipsed by the anti-war protests in the 1960's. And that was literally PEANUTS compared to the full scale type of crap that could be pulled as this nightmare financial picture emerges.

ElCubano · May 17, 2011

Quote from Martinghoul:

As I have mentioned before, shouldn't we all be happy with this? This is the govt effectively taking money out of the retirement accounts of govt employees...

I thought cutting public sector benefits was supposed to be a good thing?

How is this a good thing?

peilthetraveler · May 17, 2011

Quote from denner:

Maybe because the beneficiaries of government largesse are these same public sector employees whose retirement assets are being pledged.

You also assume that nobody is up in arms about this because we don't have Greece style rioting...This country is far too polarized to create a unified form of protest. Heck, the most violent and impassioned rioting I've seen was in Madison, WI. Pretty much only eclipsed by the anti-war protests in the 1960's. And that was literally PEANUTS compared to the full scale type of crap that could be pulled as this nightmare financial picture emerges.

Heck even if they dont riot, I at least expect some mainstream media coverage about this though and not have to read about this type of crap in a CANADIAN newspaper!

macroman · May 17, 2011

if it is true that image is everything then US lost it all.

now it feels like 3rd world country, except worse as people indebted unlike poor countries.

PocketChange · May 17, 2011

These govt pensions are only available while the govt is solvent. If we default the pensions go away anyways.

EMRGLOBAL · May 17, 2011

Because 95% of the American people are stoopid. They want their food stamps and gubernment handout's, and in exchange they will keep voting democrat. The scam of all time that began about 50-60 years ago.
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Do not for get the CORPORATE SCUM THAT YOU BOYS TRADE or PRETEND TO TRADE ALL DAY LONG! 90% of the listed companies on the US STOCK EXCHANGE are scum sucking Parasites who not only receive bail outs and "Tax Favors" from Uncle OBAMA and both the REPS and DEMS, they contribute nothing but low paying jobs for the most part.

We are in a Shit Sandwich. The scum liberal parasites on the bottom, the Scum sucking Corporate Socialist on the top ...and hard working Americans /Capitalist in the middle of this shit sandwich.

Fuck the NYSE, fuck the US GOV and Fuck the Public Traded Companies....as well as the Free loading Parasites who vote for PROGRESSIVE AGENDAS!

And OBAMA and TIM think they will raid the State of Texas Retirement System....LOLAHAHAHAAHAHAAH... FUCK YOU OBAMA AND TIM. AN't gona happen here in TEXAS. You can count on that. I'm not a state employee but I can tell you, not gona happen boys!

GuyFawkes · May 17, 2011

Fuck the republican democrat charade while you're at it.
These charlatan politicians only represent the corporations that pay their bills, and as we all know that is mostly the TARP banks at the moment. Oh and the odd corp like GE that doesn't believe in paying taxes.
Strikes me that dynamite make again be the solution. Maybe wait for some charade debate on abortion/healthcare/unions in Washington for the fireworks this time.