Off-Topic: Hey GF& Wixieeee&...
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Name:
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Yankee06
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Subject:
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Hey GF& Wixieeee&...
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Date:
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3/25/2010 10:15:08 AM
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GF makes good point on Pension Guardians...is it Communist? ..or not? ..or a safeguard for the average Joe? or...? -I remember when the pension safeguard (my father's name for it) all started...it was a result of the failure of Studebaker. I remember cuz I always wanted a Studebaker Golden Hawk, but there weren't any more new ones when I had enough money to buy...sad. -Anyway, ....the dems were the party that pushed it thru (I was a dem then) and it was finally signed under Nixon or Ford (I'm too lazy to check today) -BUt the pension fund provides two (at least) good lessons that relate to our new Health Bill. -One: it has had a gazillion amendments, which have made it better ...and worse...but totally impossible to understand unless you are specializing lawyer or taxman ...just ask anybody involved in Airline bankruptsies. Amendments have already started on teh health bill, and as long as we have the dem majority we will have more amendments that will transform the health bill into a fully government-controlled, single payer socialized medicine system. The Camel's nose... (M-RET's Aesop?). -Two: The government itself doesn't pay attention to its own rules (one of the reasons for the recent financial meltdowns). The government has looked the other way, made stupid penion vitality assessments, constantly changes the evaluation calculus, etc....so we are now at the point where the fund can no longer pay all the benefits that will soon be needed without either taking more money from the general budget or placing higher taxes on teh companies that played the game fairly, and for doing so will now be punished. -THE GOVERNMENT CAN NOT BE TRUSTED TO EFFICIENTLY RUN ANY FINANCIAL ACCOUNTING SYSTEM!! HEALTHCARE WILL BANKRUPT YOUR SAVINGS FIRST THROUGH MISMANAGEMENT AND THEN THROUGH GAOVERNMENT INDUCED INFLATION TO COVER THE FAILURE OF ITS SPENDING POLICIES.
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