Special Report: Next Step: Single Payer Retirement Plans?
Posted on August 27, 2009. Filed under: Enemies of The State, General Info, Soapbox | Tags: approaches to coverage, Card Check, Democrat George Miller, Employee Free Choice Act, FDR, GAO, Government mandated "retirement security", Government Retirement Accounts, GRA, House Committee on Education and Labor, Mandated Contributions, Mandated Contributions for Independent Contractors, Mandated Retirement Contributions, Social Security |
- The Government Accountability Office – the investigative arm of Congress – has laid some of the groundwork for pension reform by publishing a study of the “retirement risks” posed by private pension plans in the United States. “Many experts agree reforms are needed to make the U.S. private pension system more effective in protecting workers from risks to accumulating and preserving adequate savings for retirement,” says the GAO report. “If no action is taken, a considerable number of Americans face the prospect of a reduced standard of living in retirement.” The July 2009 report is addressed to Rep. George Miller (D-Calif.), chairman of the House Education and Labor Committee. Miller is an advocate of “retirement security.” As part of its study, the GAO examined the pension systems of the Netherlands, Switzerland and the United Kingdom and found that private pensions in those countries “represent alternative approaches” that could “yield useful lessons for the U.S. experience.” The GAO also examined four “key” domestic proposals to reform the U.S. private pension system – including a government-sponsored, mandatory system called the Guaranteed Retirement Accounts (GRA) plan. Under this plan, the federal government (Social Security Administration) would establish and administer a system of retirement savings accounts – guaranteeing a specified rate of return on those accounts. Currently, pension plans offered by private employers in the United States are voluntary and include tax incentives to encourage participation.
- Private Pensions: Alternative Approaches Could Address Retirement Risks Faced by Workers but Pose Trade-offs GAO-09-642, July 24, 2009
- Commentary for the report was given by Dept of Labor Secretary Hilda Solis and Dept of Treausury Secretary Timothy Geitner. The report was done for the Education and Labor Dept headed by Democratic Congressman George Miller of California. It is estimated Congressman Miller votes with his party 98% of the time. Miller is a far-left Democrat according to GovTrack’s own analysis of bill sponsorship. Key legislation he has sponsored is Employee Free Choice Act (card check), and co-sponsored HR 3200 as well as HR 2483 to permanently increase the conforming loan limits for the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association and the FHA maximum mortgage amount limitations. For other legislation he sponsored or co-sponsored, or to see how he voted on other issues: http://www.opencongress.org/people/bills/400278_George_Miller#sponsored
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According to the report:
- This report addresses the following questions: (1) What are key risks faced by U.S. workers in accumulating and preserving pension benefits? (2) What approaches are used in other countries that could address these risks and what trade-offs do they present? (3) What approaches do key proposals for alternative plan designs in the U.S. suggest to mitigate risks faced by workers and what trade-offs do they entail? To complete this work, we reviewed research on defined benefit and defined contribution plans, and interviewed pension consulting firms, industry experts, academics, and other relevant organizations in the U.S. and abroad. In addition, we used a microsimulation model to assess the impact of certain strategies to increase pension coverage on accumulated benefits. The Department of Labor and Department of Treasury provided technical comments on this report.
The report also states:
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Key legal and administrative changes required by this plan include establishing and administering a system of retirement accounts by the federal government, information sharing by state and local governments, and reducing the current preferential tax treatment of DC plans, such as 401(k) plans (see app. III). Two additional proposals focus specifically on addressing risks associated with retirees’ drawdown of lump-sum benefits by presenting options for increasing the use of annuities as a way to pay out benefits accumulated in DC plans.
Table 11 on page 44 of the 77 page document, illustrates the GRA Plan’s Approaches to Coverage, Contributions, Investments and the Drawdown of Beneifits in Retirement. For instance, under the Worker column it shows that that those who are not covered by an equal or better employered sponsored plan MUST participate. Workers who are self employed, indepedent contractors, or not covered by their employers also MUST enroll.
Table 15 on page 69 of the report, illustrates a Summary of Administrative Legal Changes Associated with Key Domestic Proposals. It details the role the Federal Government will play in all this. Notice in Universal 401(k) Plan the Feds establish a federally chartered clearinghouse structure that sets up and manages workers accounts as well as facilitates annuity purchases. Under the Guaranteed Retirement Accounts Plan, the Federal Government, under the Social Security Administration, establishes and administers a system of retirement savings accounts and manages and invests plan assets for you with a guaranteed return.
Will this be handled like everything else the government touches? It starts out sounding benevolent, then turns into a vehicle for corruption, abuse, fraud, mismanagement and theft upon the American people. Remember Social Security? That was a guarantee against poverty among the elderly too, when it was introduced in 1935. According to encyclopedia.com:
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President Franklin Delano Roosevelt supported temporary emergency relief with enthusiasm but at first opposed a permanent federal role. By late 1934, however, the deepening depression led the president to appoint a Committee on Economic Security to draft a bill. Its staff headed by Edwin Witte and his colleagues from Wisconsin’s state government and the University of Wisconsin, the committee was dominated by proponents of social insurance. Their vision, derived from private life‐insurance plans, called for government funds to replace wages lost through illness, injury, unemployment, or retirement. Its advocates sought to serve the prosperous as well as the poor, thereby avoiding the stigma of “poor relief,” and to prevent, not simply alleviate, poverty. The committee adapted social insurance principles in designing three programs—unemployment compensation, old‐age pensions, and medical insurance, the last of which died owing to opposition from the organized medical profession.
News for 08/28/2009- FCC Czar, Regulatory Czar, We the People Have the Power
Posted on August 27, 2009. Filed under: Enemies of The State, General Info, Soapbox | Tags: "choice architect", americanvoice.com, approaches to coverage, Black bloc, black bloc activity, Card Check, Cass Sunstein, Citizen Tools, constitution, Copy FDR, Czar, Czar Lloyd, Czar Sunstein, Democracy and the Problem with Free Speech, Executive Order 12866, facism, facist, FCC Czar, FDR, Founding Fathers, Free Speech, freedom, legistorm, liberty, Mark Lloyd, Michael Badnarik, New Deal, Nudge, Nudge philosophy, Office of Information and Regulatory Affairs, Office of Information Czar, OIRA, OIRA Czar, Reformulating the first amendment, Regulatory Czar, retirement security, second bill of rights, Social Security, Tea Baggers, Tea Party Protest, Transperancy in government, We have the power, We the People, without taxes there would be no liberty |
Check Out This New Citizen Tool
Michael Badnarik On The Constitution: We The People Have the Power 5 min video
http://www.youtube.com/watch?v=hIggk2dFHMI
Another Story of Government Insulting Concerned Americans from American Liberty Alliance
This would suggest that someone working on taxpayer time, in a taxpayer funded office, using taxpayer funded email servers to contact taxpayer employees, deliberately chose to use the phrase “tea baggers” instead of “Tea Partiers.” (“tea baggers” is an explicit sexual term whose definition can be found at wikipedia.com)
http://cnsnews.com/news/article/53136
- The implementation of government-wide policies and standards with respect to Federal regulations and guidance documents;
- The quality, utility, and analytic rigor of information used to support public policy;
- Dissemination of and access to government information;
- Privacy and confidentiality;
- Electronic records; and
- Federal statistics.
By a nudge we mean anything that influences our choices. A school cafeteria might try to nudge kids toward good diets by putting the healthiest foods at front. We think that it’s time for institutions, including government, to become much more user-friendly by enlisting the science of choice to make life easier for people and by gentling nudging them in directions that will make their lives better.
In other words, you institute change by constantly tweaking the law, etc. until it becomes what you want it to be. Fascist baby steps if you will. From Wikipedia:
Sunstein (along with his coauthor Richard Thaler) has elaborated the theory of libertarian paternalism. In arguing for this theory, he counsels thinkers/academics/politicians to embrace the findings of behavioral economics as applied to law, maintaining freedom of choice while also steering people’s decisions in directions that will make their lives go better. With Thaler, he coined the term “choice architect.”
He also has views on a ‘New Deal’ for speech and he seeks to tweak the Constitution so to speak (actually, more like rewriting it) in this area as well as others…
In his book Democracy and the Problem of Free Speech Sunstein says there is a need to reformulate First Amendment law. He thinks that the current formulation, based on Justice Holmes’ conception of free speech as a marketplace “disserves the aspirations of those who wrote America’s founding document.” The purpose of this reformulation would be to “reinvigorate processes of democratic deliberation, by ensuring greater attention to public issues and greater diversity of views.” He is concerned by the present “situation in which like-minded people speak or listen mostly to one another,” and thinks that in “light of astonishing economic and technological changes, we must doubt whether, as interpreted, the constitutional guarantee of free speech is adequately serving democratic goals.” He proposes a “New Deal for speech [that] would draw on Justice Brandeis’ insistence on the role of free speech in promoting political deliberation and citizenship.”
Here are some Sunstein gems:
- “Much of the time, the United States seems to have embraced a confused and pernicious form of individualism. This approach endorses rights of private property and freedom of contract, and respects political liberty, but claims to distrust ‘government intervention’ and insists that people must fend for themselves. This form of so-called individualism is incoherent, a tangle of confusions.”
– Cass R. Sunstein, The Second Bill of Rights: FDR’s Unfinished Revolution and Why We Need it More Than Ever, Basic Books, New York, 2004, p. 3 - “A system of limitless individual choices, with respect to communications, is not necessarily in the interest of citizenship and self-government.”
–Cass Sunstein, arguing for a Fairness Doctrine for the Internet in his book, Republic.com 2.0, p.137 - “In what sense is the money in our pockets and bank accounts fully ‘ours’? Did we earn it by our own autonomous efforts? Could we have inherited it without the assistance of probate courts? Do we save it without the support of bank regulators? Could we spend it if there were no public officials to coordinate the efforts and pool the resources of the community in which we live?… Without taxes there would be no liberty. Without taxes there would be no property. Without taxes, few of us would have any assets worth defending. [It is] a dim fiction that some people enjoy and exercise their rights without placing any burden whatsoever on the public fisc. … There is no liberty without dependency. That is why we should celebrate tax day …”
– Cass R. Sunstein, “Why We Should Celebrate Paying Taxes,” The Chicago Tribune, April 14, 1999
Colorado Citizens’ Coalition, a 527 pressure group, may have been behind an attack on a Democratic Party office in Denver calculated to depict opponents of ObamaCare as violent. Maurice Schwenkler, reportedly an anarchist who goes by the name Ariel Attack and whose sex is a subject of debate, was arrested for vandalizing the Denver office. One available photograph shows a shattered window that bears two signs on the inside reading “Want Health Care Reform? Come Inside” and “Today 100 Coloradans will lose their health insurance.” The damage may cost $10,000 to repair. Colorado Democratic Party chairwoman Pat Waak blamed opponents of President Obama’s healthcare nationalization scheme for the vandalism. “Clearly there’s been an effort on the other side to stir up hate,” she said. “I think this is the consequence of it.” … {As it turns out, that was not the case.] Waak has not yet apologized. Video: http://tinyurl.com/n3dw8s
A black bloc is a group of protesters dressed in black, who often cooperate in small, autonomous affinity groups to resist police. There may be several black blocs within a particular protest, with different aims and tactics. Black blocs tend to be anarchist-themed, and may include members of union flying squads, anarchists, situationists, pagans, communists and other anti-racist, anti-capitalist, and anti-fascist groups. What defines a black bloc is not ideology but action in self-defense of the larger group of protesters. They are named for the typical black garb they wear for uniformity. Many also wear masks and scarves over their faces, to avoid identification, to protect their faces against tear gas and pepper spray, and for symbolic purposes. Typical actions of a black bloc are distracting police, misleading police about protester motions, ‘unarresting’ people already arrested by police, administering first aid to persons affected by tear gas in areas where protestors are barred from entering, building barricades, attacking/disarming police, and unmasking police who pose as black blockers (easily identified as they attack protestors). Some black blockers also engage in vandalism and rioting. Although black blocking is usually connected with some form of direct action, black blocs also participate in wholly symbolic action, as well as action that falls entirely within traditional definitions of nonviolence. Property destruction carried out by black blocs tends to have symbolic significance: favorite targets include banks, institutional buildings, outlets for multinational corporations, pornography and sex shops, gasoline stations, and videosurveillance cameras. Groups such as the WOMBLES and Wild Greens advocate participating in black bloc activity, and have similar mandates. Groups that have engaged in similar forms of action include Radical Anti-Capitalist Blocs, Anti-Racist Action, and Anti-Fascist Action.