Morning Bell: Unions Just Flushed $5 Million of Your Tax Dollars Down the Toilet | The Foundry: Conservative Policy News.

Morning Bell: Unions Just Flushed $5 Million of Your Tax Dollars Down the Toilet | The Foundry: Conservative Policy News.: "It is not every day we get to agree with the Obama administration. But after Sen. Blanche Lincoln defeated Lieutenant Governor Bill Halter in the Arkansas Democratic Senate primary runoff election, after the AFL-CIO, SEIU, AFSCME poured millions of dollars into Halter’s campaign, a senior White House official told Politico: “Organized labor just flushed $10 million of their members’ money down the toilet.” But it wasn’t just “their members” money that those unions were wasting. This year the Bureau of Labor Statistics confirmed that for the first time in the history of the United States, a majority of union members work for the government, not the private sector. To be exact, 52% of all union members work for the federal or state and local governments. That means more than half of the $10 million that unions wasted just in Arkansas first came from your tax dollars. And the waste goes well beyond Arkansas."

Administration Advances Plan to Federalize Private Pension System - State - News : Lincoln Tribune : Instant, reliable and credible local news.

Administration Advances Plan to Federalize Private Pension System - State - News : Lincoln Tribune : Instant, reliable and credible local news.: "In February, the U.S. Treasury and Labor departments jointly announced they were seeking public comment on proposed design changes to employer-sponsored 401(k) plans and individual retirement accounts that would centralize the private pension system under structures created and administered by the government."

Will The Government Eventually Appropriate Your IRA Or 401(k)? | Daily Markets

Will The Government Eventually Appropriate Your IRA Or 401(k)? | Daily Markets: "Will the laws and rules in place to protect individuals in their attempt to set something aside for retirement be safeguarded by the representatives elected to advocate for them in Washington? Will the principles and moral integrity of the political class keep them from appropriating the trillions of dollars held in 401k’s and IRA’s? I’m not so sure!

While the answer is most likely yes, when one realizes the magnitude of the financial predicament the U.S. might well find itself in shortly, it is indeed, conceivable that such an appropriation of private retirement accounts might prove to be too compelling for most politicians to resist."