As these late autumn days of financial disaster wind down into a winter of discontent across the world, the United States Congress is discussing a step that will surely signal the final collapse of America as anything more than a bankrupt and possibly failed state.
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| Seizing pensions, the final step to bankruptcy |
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 BREAKING NEWS |
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What is this subject? The subject is none other than pensions, the last refuge of money and the last source of fast cash for spend thirsty politicos. In committees the US Congress is hearing testimony from various leftist professors on how to redistribute, read spend, the vast amount of money accumulated by the 60 million Americans at or near retirement age.
What most of you, my dear readers, do not understand, is that in America there is no longer such a thing as a pension fund. These are dinosaurs, the last of which are paying out their monies, on the way to total extinction. To replace these the government of America created tax exempt (to a certain dollar per year value) accounts called 401Ks which are than invested into the stock markets, thus a great boom for the number one owners of the United States government, banks. But the banks are now themselves bankrupt and hold much less sway in DC, even as appetites to spend have grown amongst the One Party, Two Branch politicos. Sure there is Social Security, but even by under rating inflation by 2/3rds, and thus upward payment adjustments, for over 20 years the United States government is simply broke and does not have the actual money to pay Social Security for the vast Baby Boomer generation, now retiring.
This is because all the money, from day one in 1936, was spent and not invested. Each working generation pays for the retiring generation. What changed? The Baby Boomers aborted 40 million babies and thus are now larger than the combined next two generations. In their Christless greed to spend on themselves, they have not only damned their souls through the murder of children but their old age as well, to poverty.
But even when Social Security pays, for most people, the $2,000 to $3,000 it does pay per month is hardly the money to live off of, let alone pay for ever more expensive medicines. The medical costs in America routinely grow between 15-20% per year, while salaries at best on average at 3-4%. This is all the product of short sightedness and greed. The bill has come due and a large percentage has been added for gratuity. The Devil will have his kilogram of flesh from a people who have forsaken Christ for pride, vanity and greed.
So what is being contemplated by the American Congress?
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