This report (here)--about Lefty plans to put taxpayers on the hook for mismanaged private employers' pension promises, is amazing to me. And it shows the flaw in fascist or socialist intermingling of gov't and business. Sens. Bob Casey Jr., D-Pa., and Dick Durbin, D-IL, along with Reps. Earl Pomeroy, D-N.D., and Patrick Tiberi, R-Ohio, should be ashamed for sponsoring this latest ticket to European Socialism.
Don't promise your employees something you cannot fulfill; carefully weigh pie-in-the-sky promises from your employer; don't expect taxpayers to bail you out if you are (a) the employer or (b) the employee in the above scenario.
I'm telling you: the Federal gov't is too big, Congress has too much power and we have got to keep our eyes on these scoundrels.
When you hear phrases like "socializing risk," hold onto your wallet.
Don't Say Stacey
2 days ago
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