Wednesday, June 9, 2010

HB 1388, PBGC, Social Security

There are emails going around again about HB 1388 which supposedly is an Executive Order spending $20 million to bring Palestinian refugees to this country and take care of them at taxpayer expense. Not true.

The bill has to do with education including AmeriCorps, and other educational programs. Please do not send this on if you receive it. If you want to see the bill or a summary, just google HB 1388 and you'll find lots of information.

We have talked before about the Pension Benefits Guarantee program which takes over the pensions of companies who have gone bankrupt. These companies' funding is incorporated into PBGC. Presently they are underfunded about $2-3 billion due in part to the market and partly because Obama has not named anyone to head up the agency.

The bigger problem is that the public unions are asking to be put into the plan as well, but as we have mentioned before, they had asked for and received permission to vest their funding at a much lower rate than private corporations. If they are allowed to enter the program the unfunded amount would increase immediately to about $8 billion. This is not acceptable and they are trying to do it while the Democrats still have majorities in both houses. Be aware and talk to your Congressman plus sending the information to your friends in other districts and states.

You're not going to believe that Conservatives are needed to join some very left wing people and organizations such as, Soros, liberal AARP and others to keep the Finance Commission named by Obama from incorporating all Social Security funding into balancing the budget. I will do a detailed report on this tomorrow night.

Again, as I have said before, previous Congresses have actually stolen this money which was taken from taxpayers to use for whatever purposes they have desired through the years and that amount is presently #2.558 trillion! Two bills, one by Cong. Ron Paul entitled the Social Security Preservation Act, HR219 and the other called the Savings for Seniors Act HR 1712 by Congresswoman Marsha Blackburn are attempting to protect those funds.

That Commission is looking at VAT and Obama says "everything is on the table" and it is a scary thing.

I have never asked you to get involved with anything more than a phone call, but this is serious stuff. Will relate more tomorrow.

God bless.............


Anonymous said...

Marsha Blackburn Voted FOR:
Omnibus Appropriations, Special Education, Global AIDS Initiative, Job Training, Unemployment Benefits, Labor-HHS-Education Appropriations, Agriculture Appropriations, U.S.-Singapore Trade, U.S.-Chile Trade, Supplemental Spending for Iraq & Afghanistan, Prescription Drug Benefit, Child Nutrition Programs, Surface Transportation, Job Training and Worker Services, Agriculture Appropriations, Foreign Aid, Vocational/Technical Training, Supplemental Appropriations, UN “Reforms.” Patriot Act Reauthorization, CAFTA, Katrina Hurricane-relief Appropriations, Head Start Funding, Line-item Rescission, Oman Trade Agreement, Military Tribunals, Electronic Surveillance, Head Start Funding, COPS Funding, Funding the REAL ID Act (National ID), Foreign Intelligence Surveillance, Thought Crimes “Violent Radicalization and Homegrown Terrorism Prevention Act, Peru Free Trade Agreement, Economic Stimulus, Farm Bill (Veto Override), Warrantless Searches, Employee Verification Program, Body Imaging Screening.

Marsha Blackburn Voted AGAINST:
Ban on UN Contributions, eliminate Millennium Challenge Account, WTO Withdrawal, UN Dues Decrease, Defunding the NAIS, Iran Military Operations defunding Iraq Troop Withdrawal, congress authorization of Iran Military Operations.

Marsha Blackburn is my Congressman.
See her unconstitutional votes at :

Anonymous said...

You know Ms. Blackburn, I don't, never having heard of her until she put her stamp on this particular leislation. Would you say that this is an example of a stopped clock being right twice a day? How does she manage to get elected? We'd be interested.

repubnomore said...

Lord help us. I'll tell you how she keeps getting re-elected. District 7 is a gerrymandered district with a 65-35 Republican advantage. People don't pay attention to her votes. Big Oil lines her coffers, and the leadership of the party lets her say all kinds of crazy stuff because they know in the she votes 99% with the party line. She is the 7th most conservative member of a 435 member body. She hates seniors, children, working families, and veterans.