Wednesday, September 14, 2011

Beware Federal Pensioners, Your Day of Reckoning is Coming

UPDATE: Bye, bye to more government pensions.

On Tuesday, Hollywood, FL, residents votes "to strip police, firefighters and the city’s general employee’s of their current pension plans, allowing the city to save $8.5 million." Read the Miami Herald, Hollywood voters: Cut the pensions.

As the Republi-CONs continue their war on the middle class, the American dream withers.

"Even as officials in Washington pledged to cut domestic spending [with no tax increases] . . . [several] American cities [serve an examples] . . . that no amount of belt tightening can set things right." Read The New York Times, Small City, Big Debt Problems, which cites "Prichard, Ala., a city you may have read about in the news, which defaulted on its obligations and simply stopped making pension payments to its retirees."

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