Barack Obama has repeatedly demonstrated that what he cannot accomplish legally he does so through extra-legal means. Whether through intimidation for federal assistance as he did to Gov. Chris Christie, or outright law breaking through the Department of Justice wiretaps, Obama has demonstrated that he will not hesitate to use the power of government against the people. While Democrats have the power of government to force people to pay into Social Security, Medicare, Medicaid, and ObamaCare and use that money as they wish, they do not have that power over banks and people’s personal savings.
The Dallas Police and Fire Pension is a funded pension. An unfunded pension is one in which the government agrees to pay retirees a pension and uses money collected in taxes each year to do so. When economic times are tough as they are now and the government bases its outlays on better economic times (like they were under Bush), their agreement to pay these pensions gets put on the chopping block. This is what has been happening in Wisconsin and California and other states run by liberal Democrats.
A funded pension is one in which the members take a portion of their salary, in the case of Dallas Police and Firemen, 21%, and put that money into a retirement fund from which they can draw with interest when they retire. The government does not provide a pension for those in a funded system. No money comes from future taxes to pay these members their retirement, they provide it for themselves.
Social Security used to be a funded pension system until 1968 when Democrats in Congress changed the law so they could take that money and spend it. Now the elderly survive on a pittance of a return from their Social Security payments after forty years of what the government chooses to give them. The federal government is actually in debt to Social Security to the tune of over $17 trillion, an amount which Obama’s trillion dollar deficit spending is about to equal with the National Debt.
President Obama has been wanting to change the law so he can raid people’s 401ks in banks and take that money for his own use the way Democrats took the Social Security Fund in 1968. Liberal Democrats, when they hold the office of Mayor of the City of Dallas, attempt to do the same thing to the DP&F Pension as the federal government did to Social Security. But to do so they have to appeal to the State Laws of Texas to be changed. Last year, Dallas hired an attorney who worked for Enron (the company that went bankrupt and whose executives took all of the retirement funds of all the employees in the company) to assist them.
One of the means by which liberals work to force change to enable them to is to smear those who will not work with them and work to get an advocate who will assist them in getting what they want. This “divide and conquer” approach has worked very well for President Obama, and it could be used to infiltrate the pension board to the detriment of all the members. Police and firemen should be extremely wary in these turbulent economic and political times in whom they place their trust.
Nothing is as it seems when it comes to what the media reports. Just because someone says there is corruption does not prove there is corruption, and just because someone says there is no corruption does not make it so. President Obama’s Department of Justice has been violating the law, the Constitution, and the rights of citizens while he pleads innocence. Meanwhile, he accuses Republicans of corruption and citizens of being enemies of the state because they disagree with his policies. Investigate before you act.