Monday, October 11, 2010

If You Had Any Doubt....

... that the government knows it is completely and totally ****ed, this should disabuse you of it.

Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more "fairly" distribute taxpayer-funded pensions to everyone.

I called this one a long time ago, and unfortunately, I am sad to report that they're actually trying to figure out how to do it.

If there's a pitchfork moment in this country it had better show up fairly soon, because if this report is accurate you can bet that these clowns are going to find a way to attach this in some obscure section of a 2,000+ page "must pass" bill - another one of those "you have to pass it so you can read it" deals.

I hate it when I'm right. I hate it even more when tens of millions of Americans are going to get reamed to pay for the crimes of the handful on Wall Street, and their crony enablers in Washington DC.

And by the way - you don't hold hearings on something you don't intend to do.

From Market Ticker.

3 comments:

Anonymous said...

Check out "Da King's" offering on this topic at DumpDC and Linda Brady Traynham's (typically) insightful and sage commentary.

If you have the stomach fer it, of course! As Linda says, it gets worse...

- Dutchy

Big Chief said...

The days of ropes and lamp posts are getting closer . . .

Snaggle-Tooth Jones said...

Unfortunately, I don't have enough money to invest in precious metals. So, I'm doing the next best thing by investing in: 1) tar; 2) feathers; 3) rope; and 4) ammo.