Democrats plan to steal our pensions in Lame Duck Session

This is not a joke! Listen to Mark Levin and read the Human Events article below. Mark interviewed professor Theresa Guilarducci in 2008 and replays it again. She’s the mastermind of this horrendous scheme.

Click the audio control below to listen to Mark Levin:

New Lame Duck Threat to Bailout Union Pensions

Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.

Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.

(You can find the blistering interview with Guilarducci by radio talk show host Mark Levin in 2008 at the link).

In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.

Read the rest

THIS is why we need Christine O’Donnell in Harry Reid’s Lame Duck Session!

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