“One Step Closer to the Edge, and its About to Break”

   No I am not talking about the Linkin Park song.  I am talking about your pension.

Standard & Poors (S&P) moved the credit rating of the USA to a negative outlook.  

This “is one warning shot at least to investors that should be loud and clear in

Washington.”  Said Bill Gross, a founder of one of worlds largest bond funds, that

dumped government holdings back in February.  According to an article in the WSJ

a downgrade in the credit rating usually follows about six months after the outlook

change.

   The US Government loosing its AAA rating, which 2 years ago all the experts said

could “never” happen , would have devastating effects on our pension system.  This I

have explained in my previous articles.

  This is just one more example in a long list, of our union leadership looking out for

what is best for them and not looking out for our interest , like they are PAID to do.

As our country goes so will go our pension, they inextricably linked.  Try and explain

to me how supporting the progressive agenda to preserve “collective bargaining”  is

going to help us, when supporting that agenda will destroy our future financial

stability.  The way I see it they are more worried about preserving their power and

prestige for themselves, so they can continue to feel good rubbing elbows  with all the

“powerful” people in our state and national governments.  The way it is set up our

pensions are supposed to be guaranteed, if the stock market fails, then our

neighbors have to pay our pensions in the form of higher taxes.  There in sits the

crux of the matter. They can stand there and tell you people are trying to destroy

your collective bargaining rights, and therefore your pensions. One has nothing to

do with the other. They don’t care about the stock market, because they don’t care if

they raise your and your neighbors taxes, because its want they want in the first

place. They are hoping against all hope that you do not wake up and pay attention,

and recognize that you are being used.

    The response thus far to these critiques, to run articles like the one in the

Washington Post the other day explaining how nurses and firefighters feelings are

hurt, because the tax paying public see’s what they do not. An UNSUSTAINABLE

SYSTEM.  We are rapidly running out of other peoples money, the tax payers, your

neighbors,  see it. Our Union is pitting us against them. 

    As union members we must stand up, we must take back control of our unions

and place them back on a path of freedom and prosperity.  If you can not do this

because it is the right thing to do, then do the research and recognize how it directly

effects your future financial stability.  To sit by silently as the system collapses and

then to turn to your neighbor and say sorry you got hurt so bad, but pay me, because

I got mine, is not only unethical, it is blatantly immoral.