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If the Service Employees Credit Union (SEIU) has their way, we will move even closer to a Social Democrat paradise...

Having ruined the pension funds of Americans nationally through corrupt and utterly unsustainable "projections" of future growth labor unions are now targeting your money to make up the difference:

One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United States.

In effect, government pensions for everyone, not unlike the European system and regardless of personal choice.

Yes, because labor unions have done such a great job of managing their pension plans, right?

Oh wait, they haven't. In fact, virtually none of them are actuarially sound, and they know it. So instead of addressing this (which would mean that workers would have to put up much more of their wages to be funneled into these funds) the SEUI is effectively advocating stealing your 401k - to cover for their outrageously rosy "estimates" on portfolio returns (which in fact have been negative over the last ten years.)

Each and every American alive today owes well over $200,000 in National Debt. We're earning less than we did last year.

For the first time evah, this year we will pay out more in Social Security benefits than we will take in in payroll taxes.

We're well on the way to unprecedented insolvency; can economic collapse and political collapse be far behind? We are too big to fail, you say?

You would be very, very wrong.

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