____________________________________ From: wr...@westernpac.org To: wle...@aol.com Sent: 10/1/2011 11:22:41 A.M. Eastern Daylight Time Subj: Federal pensions coming to a head
Having trouble viewing this email? _Click here _ (http://campaign.r20.constantcontact.com/render?llr=qc4muldab&v=001TEa7HUw8hRHSndaLngNzFrol8Y7NEKG9fvGd Z565CTpQE_YST1L3dFvJN4oB-KC30-8z92GADKmQof_-TkWbO4guYsAo15iIJiZOKRIoJQ4=) (http://r20.rs6.net/tn.jsp?llr=qc4muldab&et=1107910870986&s=174846&e=001TO4rfP8tyoZ0l4CtgCVbjhusfzCIyACOkD9-EwbbmdRHbfwauciO0fC-pfbUgG43fQJADdC4cUVeeyB 5Tz4lA31DWb2NMtx7KuyaBn4h0KjYDVxU9dDVrw==) Dear Patriot, There is a looming crisis in federal spending that has been conveniently ignored by the mainstream media. Federal retirement benefits have soared for civil servants and military personnel, but the government has not put a single dollar in reserve to pay for the benefits! This is one more example of the irresponsible way Congress spends our tax dollars. By law, private retirement plans are required to be pre-funded. Meanwhile the Federal government does not hold itself to the same standard, kicking the metaphorical can down the road by offering retirement benefits without creating a retirement account to pay the bills. Private pension plans hold over $2.3 trillion in stocks, bonds and other assets, and even state and local governments hold over $3 trillion in reserves to pay retirement benefits as they should. Last year the federal government paid a record $268 billion in retirement benefits out of general fund revenues. All total, the unfunded liability for federal and military retirement benefits stands at $5.7 trillion, which is dangerously close to the unfunded mandate of social security which has an expected shortfall of $6.5 trillion. By abdicating their responsibility to assure the long term health of our economy, Congress chooses to kick the can down the road a little further each year, leaving us at a point where there is no more road to kick down. The problem is not the government employees who were promised a retirement plan when they were hired. For many, retirement benefits were the deciding factor between a private sector career and choosing the security of a government pension program. My issue is with elected leaders who use money that should fund retirement benefits for government workers on pet projects and pork-barrel spending instead. It is not a matter of stripping promised retirement benefits from retired federal workers, just as we have no desire to take away Social Security benefits from those who depend on them. The answer lies in significant reduction of the federal government by returning to Constitutional limits on federal power. Power must be returned to the states, ending the Big Brother mentality pervasive in Washington DC. We don’t need a Washington bureaucrat deciding what's best for our communities, and it's clear we also cannot afford it. Our movement must stay vigilant and organized as we roar from the rooftops to stop the financial insanity running rampant in the halls of government before it is too late. For more information about the subject, or to make a comment, please visit _our blog_ (http://r20.rs6.net/tn.jsp?llr=qc4muldab&et=1107910870986&s=174846&e=001TO4rfP8tyobl59krovyVLNabGHSLBODrJ2BKe0qmBPrICIBANC1v_G-2wcBgH9IizKLe HttGKGexGtIRCKaI4zWLZItVg0elyfhvd42EF-uFNjxHp0TKT7I4z0Vw64YOX9g1BCAp_xE5jRng KprpJq3DLmNs0og2tS-DWaJmx_4cVlJsBFK-zUd3-N-RVA6q) . Sincerely, Roger Stockton Co-Founder, Western Representation PAC (http://r20.rs6.net/tn.jsp?llr=qc4muldab&et=1107910870986&s=174846&e=001TO4rfP8tyoa1mHAaulX1tk5GVMnWiIWqXxmpToVi912W-OrNuhPqMlsOLDL7wA6l1MKHZSTdrexU_sS alAmhc3WJ0-bV4NbUjFaRRJRXSHMXaB8O2R5CgG5GYXyDFL4UUScoUhxUrBM=) Donate using PayPal below (http://r20.rs6.net/tn.jsp?llr=qc4muldab&et=1107910870986&s=174846&e=001TO4rfP8tyobOXK5BF9RxQ-4gqVZZCCNi7Q2cu6l0m1cPEBaJaV-2bZuLJ9SftJy4fAgyuVKkTw6STer EaG5L8FVLqq7K04Qg2pWOAUSt5b7m4W1T2R37tNAdbcAKm1_0) You can also mail your contributions to: Western Representation PAC PO Box 50655 Sparks, NV 89435 (http://r20.rs6.net/tn.jsp?llr=qc4muldab&et=1107910870986&s=174846&e=0 01TO4rfP8tyobaXJ7_rjLVtkn7SDorVsuFBERZffqiwiFT0nip6KfVP7qk7g-L4sGKZhfs_tXI9ahfkGv WXfANAr0I25fIxd2J9zQtjabnP401pbvZJs1Owik_6aoHMBgp) (http://r20.rs6.net/tn.jsp?llr=qc4muldab&et=1107910870986&s=174846&e=001TO4rfP8tyoYpZzmU5ht_d1DoyDgi kD4am4Wteo2KarivCtZSUAu82N6e4q7aYeKJn-TtgHKHRbzpE41JBmj_c_tKAOud8R1tBr1ZRgy- dUmAazwn4L9npB9rScXsw_jr) Paid for by Western Representation PAC, a federal political action committee which is responsible for the content of this message. 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