"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Economic Plunder in Recent History
Submitted by Persona non grata on Mon, 2012-12-31 01:00
In the mid 1990s Republican New Jersey Governor Christine Todd Whitman re-directed contributions from the pension fund for state employees to the state general account while giving tax cuts to wealthy state residents. By purposely under-funding the pension plan Ms. Whitman was able to ‘balance’ the state budget while cutting taxes. And through pension accounting loopholes, the move provided the illusion the pension plan was adequately funded as massive deficits accrued.
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...1 week 6 days ago
-
And of course, both of the author/commentators are Jews. No...2 weeks 1 day ago
-
Surprised to see Switzerland at only 32/100. Would've be...3 weeks 5 days ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...8 weeks 1 day ago
-
An early Christmas present, it seems -- here, some 17 years...12 weeks 2 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...27 weeks 7 hours ago
-
Straight out of the communist playbook, as per Saul Alinsky...45 weeks 6 days ago
-
It's certainly a step in the right direction.1 year 1 week ago
-
They may be in control of someone else. But they are NOT in...1 year 2 weeks ago
-
More prescient than one would have realized after the experi...1 year 2 weeks ago
more