Saturday, October 23, 2004

Oil vs Pensions

2 things happened.

Nov 13, 2001 Bush ordered the Strategic Petroleum Reserve to be filled to Capacity.

The price of oil, at that time, was $21.67. Today’s price is over $55.00.

Oct 22, 2004 Fed suspended payments to the Federal Employees pension fund avoid running out of cash and possibly defaulting on government debt. Why? Reached its $7.4 trillion debt ceiling.

So, here is what it boils down to. Bush says, PAY ALL TIME HIGH PRICES FOR OIL, but DON’T pay any more into the Fed Employees fund. Tell me - Whose side is he on?

If you go to Department of the Treasury - http://www.ustreas.gov/

you will NOT find any reference to Stopping payments.

But, what you WILL find is THIS - JS-578: Secretary Snow's Statement on Pension... 07/17/03

Statement by Treasury Secretary Snow on Strengthening America's Pension System

FROM THE OFFICE OF PUBLIC AFFAIRS

July 18, 2003

JS-578

Statement by Treasury Secretary Snow on

Strengthening America’s Pension System

Today’s action on the Portman-Cardin pension bill by the House Committee on Ways and Means begins the process intended to strengthen the retirement security of working and retired Americans with traditional pension plans.

We will continue to work with Congress to achieve the President's goal of accurate pension funding rules, and to ensure that pension promises made are pension promises kept.

As we work towards a more comprehensive reform of the pension system, the President continues to believe that these changes must include a more accurate measure of pension liabilities, increased transparency of pension plan information, and safeguards against pension under-funding.

==========

And Thursday they stop payments. CAN YOU SAY HYPOCRITE?

==========

I was on TV here in LV Yesterday.

They asked me how I felt about the HIGH price of gas.

I told them I was MAD!!!!

Nobody is talking about the ALL TIME HIGH PROFITS OF THE OIL COMPANIES

and

nobody is talking about - in 2001 Bush ordered the

Strategic Petroleum Reserve filled to CAPACITY.

So, it is being filled at Oil that is Over $55.00 a barrel an ALL TIME HIGH.

THAT is what I am mad about.

No comments: