Non Socialist

Greetings!

Gabrielle Giffords has reached page 1 of her Liberal Attack Manual, scare seniors about Social Security.

Here is the truth: Jesse Kelly wants to protect Social Security for current retirees. We will fully honor our commitments for those now receiving benefits. Those who have been paying into the system should also receive their full benefits.
Jesse will protect current retirees while giving
future generations ownership of their retirement accounts.
We need a long-term solution that ensures funds paid into the system will be there when people retire. Younger workers should have the choice of allocating a portion of their contribution into a personal retirement account in their name. Individuals could choose from a range of appropriate retirement options: a blend of guaranteed savings accounts, investment grade bonds, and blue chip equities. Americans should have the same options that Giffords, as a member of Congress, has through the Federal Thrift Savings Plan.

Representative Giffords has no plan to deal with the long-term challenges facing our current retirement system. Giffords’ failure to take action is pushing the Social Security program closer to collapse. We must not allow Giffords to bankrupt the system. Southern Arizona deserves a representative who is willing to take on tough issues and find good solutions. Jesse Kelly is that person.

Fundraiser with Congressman Kevin McCarthy (CA 22). Join the campaign for a special event with Congressman McCarthy this Thursday afternoon, September 2nd. Please contact Stuart McDaniel at (520) 349-5600 or stuart.mcdaniel@votejessekelly.com to RSVP or to get more details. Congressman McCarthy serves as the Chief Deputy Whip and is a Vice-Chairman of the National Republican Congressional Committee (NRCC).

Early Ballots: There will be several lengthy propositions on the General Election ballot. Voting early allows you to read over these ballot measures at home and make an informed decision. Please contact your county recorder to request an early ballot:

Cochise County, (520) 432-8354 or (520) 432-8358

Pima County, (520) 740-4330

Pinal County, (520) 509-3555 or (888) 431-1311

Santa Cruz County, (520) 375-7990

Thank you for your support. You are an important part of Victory this November.

401(k) withdrawals spike.

NEW YORK (CNNMoney.com) — Hardship withdrawals from 401(k) retirement saving plans rose to the highest level in 10 years during the second quarter, Fidelity Investments said on Friday, in the latest sign of a dismal economy.

Fidelity reported that, as of the second quarter, 2.2% of all 401(k) participants had made a hardship withdrawal at some point over the preceding 12 months. That’s up from 2% in the prior year, and was the highest level in 10 years.

American Thinker: No One’s Capital Is Safe in Obama’s America.

Posted on Thursday, July 01, 2010 6:59:52 AM by SeekAndFind

The Prague Post – Opinion – Growing optimism.

The landslide victory of Fidesz in Hungary’s elections creates excitement for the first time in years; too bad most international analysts are easily distracted

Despite the skeptical and in some cases hostile reaction by most of the international media toward the recent political changes in Hungary, most Hungarians are optimistic and content. After years of the “doing nothing” policy of the Socialist party – during which the country sank into deep economic and moral morass – it is finally over. <snip>

For the first time in a long time, things are looking up – not that the international press seems to have noticed.

- The author is the online editor for the Hungarian weekly magazine HVG. He was formerly editor of the World Bank’s Transitions newsletter and a John S. Knight Fellow at Stanford University. 

Richard Hirschler can be reached at
features@praguepost.com

FOXNews.com – Groups Raise Alarm Over Social Security Tampering as Debt Panel Starts Negotiations

nterest groups are sounding the alarm that President Obama’s newly created debt commission could start hacking away at Social Security benefits in the name of closing the budget gap.

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FOXNews.com – GM Could Be in Hot Water With FTC Over Truth in Advertising

General Motors is running ads on all the major networks this week claiming it has repaid its bailout from the taxpayers “in full.” But the claim isn’t standing up to scrutiny from lawmakers and government watchdogs who have found that the automaker was able to repay the bailout money only by dipping into a separate pot of bailout funds.

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Thursday, March 25. 2010

Posted by Karl Denninger in Corruption at 08:13

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.)

I may have been early in my "What’s Broken: All Of It" Ticker about a year ago, but it also looks like I was right.

Thursday, March 25. 2010

Posted by Karl Denninger in Corruption at 08:13

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.)

I may have been early in my "What’s Broken: All Of It" Ticker about a year ago, but it also looks like I was right.

MOLINE, Illinois (March 25, 2010) — Deere & Company announced today that the Patient Protection and Affordable Care Act signed into law this week will adversely impact its expenses for fiscal 2010. As a result of the legislation, the company’s expenses are expected to be about $150 million higher on an after-tax basis, primarily in the second quarter. This impact was not included in the 2010 outlook for net income attributable to Deere & Company of approximately $1.3 billion disclosed in the company’s first-quarter earnings report on February 17th…

<snip>

http://www.johndeere.com/en_US/newsroom/2010/releases/corporate/25mar2010_corporaterelease.html