Its Not Enough To Know That To These Avaricious Uber-Wealthy Predators *MORE* Is Never Enough: — The RICHES These Greedy Billionaires Are After THIS Time Happen To Belong to YOU and YOURS. (Just thought you should know…) √ Conservative activists are manufacturing the perception of a public pension crisis in order to both slash modest retiree benefits and preserve expensive corporate subsidies and tax breaks. √ The Pew Charitable Trusts and the Laura and John Arnold Foundation are working together in states across the country to focus the debate over pensions primarily on slashing retiree benefits rather than on raising public revenues. √ The techniques used by conservative activists to gain public support to privatize the public pensions that public workers have instead of Social Security are, if successful, likely to be used in efforts to privatize Social Security in the future. √ The amount states and cities spend on corporate subsidies and so-called tax expenditures is far more than the pension shortfalls they face. Yet, conservative activists and lawmakers are citing the pension shortfalls and not the subsidies as the cause of budget squeezes. — They are then claiming that cutting retiree benefits is the solution rather than simply rolling back the more expensive tax breaks and subsidies. √ The pension “reforms” being pushed by conservative activists would slash retirement income for many pensioners who are not part of the Social Security system. Additionally, the specific reforms they are pushing are often more expensive and risky for taxpayers than existing pension plans. √ The right-wing American Legislative Exchange Council has jumped into the conservative effort to dismantle public pension systems in a big way, making it one of its top 2014 legislative priorities. — The National Public Pension Coalition, which represents public sector employees, flagged ALEC’s entry into the public pension battle as a threat to the financial security of millions of state and local public employees…
Posted on: Tue, 01 Apr 2014 20:01:07 +0000
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