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The Bailouts that will signal the end is near

17 Mar

On Tuesday, the Securities and Exchange Commission charged the fiscally irresponsible state government for misleading bond investors about the health of its public pension system. The Land of Lincoln’s elected officials have been piling up mountains of pension debt for years and refusing to pay it off. In fact, Illinois currently owes $192 billion in unfunded pension liabilities over the past few decades thanks to its legislature’s long history of short-changing pension payments.

While the spendthrift politicians were caught this time around, it’s not the only trick they have up their sleeve.  Governor Pat Quinn has been rubbing elbows with the Kenyan’s Administration in an effort to secure a federal bailout.  Just last year in his state budget, the governor wrote, “significant long-term improvements will come only from … seeking a federal guarantee of the debt.”  That’s right, Illinois’s officials are scheming to shift their self-incurred debts onto the backs of taxpayers.

Sadly, Illinois is just one of many states that may be interested in swindling federal taxpayers.  Other states like California and New York have also nearly bankrupted their public pensions and may be looking for a bailout courtesy of your family.

This in not only immoral, it is un-Constitutional.  How can one State, and its citizens, be forced to pay for the mis-judgments (criminality) of another?

When these bailouts begin, and they most certainly will, it will be time to begin calling for a nationwide boycott of all taxes, that will end the insanity.  It will be called a Tax Rebellion.

and, in another story…

WASHINGTON (AP) — House Speaker John Boehner says he “absolutely” trusts President Barack Hussein Obama.

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11 Comments

Posted by on March 17, 2013 in Uncategorized

 

11 responses to “The Bailouts that will signal the end is near

  1. Dannyboy53

    March 17, 2013 at 8:49 pm

    All this has been going on for years, bailouts of cities being bankrupted by organizations demanding taxpayer’s money be used to supply their benefits. And of course all the “freebies” given to the local populace being paid for by the taxpayers, whether they are legal citizens or not!

    Yeah, I’m wondering also when we will reach the sAturation point and say…”NO MORE MONEY TO THE FEDERAL REGIME”. I agree we must stop sending money to the Federal Regime but I doi not believe it will work on an idividual basis. For the simple reason only a small percentage of people will have the intestinal fortitude to do it! So the regime will seize their bank accounts, put liens on their property, etc, and so on with other illegal actions.

    In my opinion this is the realm of our states…THEY SHOULD BE PROTECTING US BY TAKING SUCH ACTION AND WE THE PEOPLE SHOULD BE DEMANDING THE STATES TAKE THIS ACTION. Imagine a majority of the states refusing to send any more money to Washington, those useful idiots and their Masters would be broke in a few days. This could be administered in a manner that would fund the Military and other critically necessary obligations.

    What would the Federal Regime do! Put an entire state in jail as they would an individual?!! Let Washington dry up and blow away…or personally borrow all they want from China. I wouldn’t pay those bastards in China a penny anyway…I didn’t authorize the Regime to borrow money from them so I don’t feel obligated to pay it back.

    Screw Illinois. I gotta go take another blood pressure pill, these people will be the death of me one way or another!

     
    • The Soffitrat

      March 17, 2013 at 9:38 pm

      The gobermints in europe are already seizing bank accounts, with liens to follow when they cannot pay or have no money in their bank accounts due to bank runs. This is happening in Cyprus tonight. You have a point though. If the people in those State offices had any balls. The Kenyan would response only by hurting us as much as he could. Like closing down our military altogether, or trying to. This is coming to a head, Dannyboy.

       
  2. Dannyboy53

    March 17, 2013 at 9:59 pm

    I agree my friend…all we can do now is pray for wisdom and courage to do what we have to do when faced with it.

    “When you reach the end of your rope, tie a knot in it and hang on.”
    Mr. Thomas Jefferson

    And remember our ancestors.

     
  3. Wildflower

    March 17, 2013 at 10:04 pm

    another day on the ride into hell

     
    • The Soffitrat

      March 17, 2013 at 10:08 pm

      Yep. Another step closer.

       
    • Dannyboy53

      March 17, 2013 at 10:12 pm

      That’s right Wildflower, but it will be THEIR Hell also…that’s the way it has gone many times in the past history of this country and it’s people..

      The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
      Thomas Jefferson

       
      • The Soffitrat

        March 17, 2013 at 10:17 pm

        That scenario is where we are apparently headed.

         
        • Dannyboy53

          March 18, 2013 at 7:36 am

          Yep Soffitrat, and I hate it has come to this.

          “They drew first blood, not me”.

           
      • Wildflower

        March 19, 2013 at 6:54 am

        should uproot the diseased tree and grow another one

         
        • Dannyboy53

          April 14, 2013 at 9:52 pm

          Now there is a thought!

           
  4. The Soffitrat

    March 18, 2013 at 2:30 pm

    Today’s news on the Cyprus front is getting bleaker, with Russia now getting concerned and the bank holiday that is going on there.

     

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