During the past year we have discussed the PENSION BOMB. It is ready to explode in a state near you.. Incidentally, the news media have recently begun giving it major attention. Wow! The questions they ask are important. For example, if a pension fund goes bust who is liable? (the state or the pension fund) If the state cannot afford to seed the pension fund at the current rate, where will the money come from? Will the state ask the FED for a Bailout. Will the states start to raise taxes to pay for the guaranteed benefits? Will the state ask for a restructuring of promised benefits?

Those are all relevant questions, but the main question to be asked is this: Why are some retirees receiving twice or even more of what their final salary was? The simple answer is this, "their criminal bosses paved the way for them to work overtime for the three years prior to retirement. This enabled them to juice up their annual pension." We call this criminal activity. We ask the attorney generals in all 50 states to apply the RICO LAW to the union scheme . No where in this country will a private company allow such a practice to take place. Those who have condoned this activity to continue must be arrested,  tried and convicted. The taxpayer wants answers. They will not continue their passiveness any longer. They are about to Revolt, their patience is wearing thinner by the day. They believe that Revolution is the only way.

We have a word for the Progressive Judges who most likely will rule for the unions in a confrontation with the taxpayer. We say don't. It will not be the right thing to do; particularly when the taxpayer is broke. Then who will pay? Oh, we forgot, Obama has a stash. Sorry about that, it just slipped our mind.

DOUBLE DIP, It is here and to be confirmed in January, right after the elections. Guaranteed.

And if you think things are bad now, wait a month of two, maybe five. Why do we say that? Because when January comes, the Bush tax cuts will have expired and the deep freeze will quietly settle into the economy. Deep Freeze, yes the taxpayer will be hit with the stealth tax on imputed income for the health benefits he/she receives. Previously the employer paid health insurance was not taxable, but now the taxpayer will be asked to cough up more. This is only one of the new tax hikes middle America will face. Another strike to the middle class. And the result will be not be pretty, as the taxpayer has less money to spend, he will usher in the DOUBLE DIP. And what will the government do now? We do not have a clue. They were not able to spend themselves out of the past recession, the Obama medicine did not work. The economy is sick as ever. Do you think they will resort to more TARPS or cut taxes to spur the economy. We bet a second stimulus is in the cards before the New Year. After the Democrats lose the house (by to Liar of the House Pelosi) November, their chance of free spending will be diminished to zero.

The new Congress will hopefully usher in some fiscal responsibility. Maybe Obamacare will be ruled unconstitutional. And GRIDLOCK is a good thing. Not passing any bills may be a stimulus in itself.



REMEMBER THESE GUYS?



We pulled this comment off the WEB regarding the great shape the Golden State is in. It makes you want to laugh.

"Why would anyone with half a brain buy a house in this Libtard state (California), where they brainwash kids from a young age that rich people are bad and need to be taxed for their success and everyone should get everything free if they are lazy. Calicraphole is taxing the rich and businesses right out of their state. Notice how the Democraptic states are the ones that are the most broke in this country. Tax the rich until they leave and then you wonder why there are no jobs? Maybe it is because poor people do not create jobs, because they do not have money, because they do not understand finance??????????????????"

Could not have been said it any better.