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Spending crisis

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Are we about to watch as congress and the White House and the Democrat led Senate,

(Harry Reid) engage in activity that goes against the grain of what it means to be an American…

This if true is an amazing story about how the US senate is out of control of the ordinary American Citizen.

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This was received in an email. 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.

Sincerely, Roger Stockton Co-Founder, Western Representation PAC