When is this absurdity going to end? How many more trillions of dollars is our government going to steal from the hands of its citizens in order to bail out these corrupt banks? As if the “ideas” coming out of Washington DC have not gotten bad enough, now House Representative Gary Ackerman is proposing that they use state and local pension funds to bailout the banks. The nerve of these people is astounding, Ackerman states “Some of us are getting tired of writing checks with public money.” So apparently the solution is to steal people’s pension funds and use them to buy worthless assets and stock in insolvent banks. Is it not enough that they have destroyed Social Security and 401K’s and now they want to destroy people’s pensions as well? Supposedly the pensions will be protected from loss by a guarantee from the Treasury, you know, the same Treasury that is already trillion upon trillions in debt.
What we are witnessing is an economic coup. These criminals are stealing every means of retirement the average American has and leaving us penniless. How long before they come after the rest of our 401K’s? How much longer will American’s tolerate this economic rape?