Hatch makes annuity pitch for public pensions

http://www.marketwatch.com/story/hatch-makes-annuity-pitch-for-public-pensions-2013-07-16?link=MW_home_latest_news&cb=logged0.28972760127481

In addition, Hatch would like these plans to be affordable for public employers and structured so that future taxpayers have no liability for past years. The primary purpose would be to provide retirement income security using private insurance carriers. Sounds pretty palatable so far Senator.

According to Sen. Hatch in his speech last week, the gap between the pensions that have been promised to workers by state and local governments and the money that has been set aside is short by as much as $4.4 trillion dollars. To put that into breathtaking perspective, that's more than the total amount of municipal bond debt nationwide. He points out that with a national savings rate at "only 2.5%" and with people living longer, there is a real issue here that needs to be addressed. No arguments there. 

Here come the Parasites for more of your money folks,  these crony politicians are salivating over the $13 trillion dollar retirement money and they want it. Of course they will call it all kinds of fancy names all in the name of safety of your money, look around folks nothing is safe in the hand of this administration. The goal here is to  impoverish you and enslaved you even more than you already are.

And now to save the Insurance companies, they want your life's work....we are circling the drain.