"Elected officials are saddling future generations of Californians with countless billions of dollars in ever-growing pension debt whose costs will crowd out spending for more important services."

Unsustainable pension debt may crowd out spending for other services. https://t.co/xtny8KYgO2 #CAPolitics #CALeg

— HJTA.org (@HJTA) July 25, 2016

Dem party is now further to the left than any point in its history

New CBS Poll: Sanders Up 10 In IA, 22 In NH https://t.co/KYLnijrg2i

— Dave Carney (@granitewinger) September 13, 2015

Leading Dem candidate for President is an avowed socialist. Dem party is now further to the left than any point in its history. #FeelTheBern

— Ron Nehring (@RonNehring) September 13, 2015

BUYER’S REMORSE… Majority of Youth Voters Would Toss Obama Out of Office

◼ A new poll by the Institute of Politics finds that a majority of Americans under the age of 25 would throw Obama from office. - Jim Hoft/Gateway Pundit
◼ Millennials Abandon Obama and Obamacare - Ron Fournier/National Journal

Young Americans are turning against Barack Obama and Obamacare, according to a new survey of millennials, people between the ages of 18 and 29 who are vital to the fortunes of the president and his signature health care law.

The most startling finding of Harvard University’s Institute of Politics: A majority of Americans under age 25–the youngest millennials–would favor throwing Obama out of office.

◼ Harvard Survey: Obama and Obamacare push Millennials support off cliff - Le-gal In-sur-rec-tion

Havard’s Institute of Politics just released a devastating study showing a massive drop in support among Millennials for Obama and Obamacare.

Bottom line is that Millennials don’t like Republicans, but for the first time they don’t like Obama and Democrats almost as much.

◼ Poll: Young People Abandoning Obama over Obamacare, Also disapprove of his foreign, fiscal policies. - Weekly Standard

◼ Harvard: Students turn on Obama, want him recalled, reject Obamacare - Paul Bedard/Washington Examiner

Obama to college kids: FREEE!!!! Reality: YOU pay for everyone else. College kids: Screw that, man

Obama to college kids: FREEE!!!! Reality: YOU pay for everyone else. College kids: Screw that, man. #Obamacare

— Melissa Clouthier (@MelissaTweets) October 10, 2013

Peter Schiff: Majority Doesn't "Have A Right To Steal My Money Just Because They Voted For It"

◼ CNBC's Eamon Javers reports the latest developments on "fiscal cliff" talks in Washington, and debating the financial benefits of raising taxes on the wealthy, with Peter Schiff, Euro Pacific Capital CEO, and Richard Brodsky, Demos senior fellow. - Real Clear Politics

PETER SCHIFF: First of all, I'm in the top two percent. Right now, I'm paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half -- more than half of my total income is going to go to the government. You tell me, what's fair about that when medieval serfs pay 25%, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vote for it.

###

SCHIFF: You know what the wealthy are going to do? They're going to invest more abroad, they're not going to work as hard, they're not going to pay as much in taxes, they're not going to employ as many people. They're employees are going to pay all the taxes.

Here We Go, The Left Now Calling 401k Plans ‘Subsidies’

◼ The call by progressives to end 401K plans is growing. Now they’re trying a different tack – these plans that workers contribute to out of their paychecks with some matching funds by employers are being called “subsidies” by the left because the funds aren’t taxed until retirement. - The Lonely Conservative

The progressive leftists have different ideas floating around out there about what to do with our savings. The main message here is that anyone who worked and saved for what they have didn’t earn it. Your earnings, in their minds, belong to someone else. You may not be rich by anyone’s standards, but if you worked and saved for your whole life, in their minds you’re fair game, because there’s someone out there who didn’t work and save. And now somehow that’s your problem. This is the Obama world. Maybe you worked and saved for your entire life as a middle class American. If the money you saved pushes you into the “rich” category by their standards you now must be punished.

Democrats Are After Your 401(k)

◼ link - RUSH: By the way, TIME Magazine headline. Snerdley listen to this. Man, when I'm prescient, I am prescient. I did not know this. Six hours ago, TIME Magazine headline: "Fiscal Cliff: Why Congress Might Have to Mess with the 401(k)." Now, I want to take you back. It was October 28th of 2008. It was before the 2008 election on this program. It was an economist from the New School, Teresa Ghilarducci, who first suggested to Congress the idea going after 401(k)s....

George Miller was told by this babe, the government's losing $80 billion by allowing you to deduct from your gross income, your taxable income, whatever you contribute to your 401(k), and they wanted to take that away. They had a hearing. They actually had a hearing on this back in 2008 where they heard from this professor. She appeared and she said, "I've got a better plan.

"What we want to do, we want to take your 401(k) at its August level, before the crash. We'll give you that equivalent and put it in your Social Security account, essentially, and we're going to invest that money that we take from your retirement account, your 401(k), at its August level. We're going to buy government bonds with it, which will guarantee you 3% -- and then we will require that you put 5% of your pay into your 401(k) although it's not yours anymore.

"The government owns it. They will manage it. They will take care of it, and then when your retirement day comes you'll get your Social Security check and part of your check will be whatever your 401(k) monthly payout is, after 3% of growth every year under the stewardship of the government." That was the deal. People went nuts over it. They went nuts over it, just as they went nuts over losing the deductibility of their credit card interest back in '86. Just as they're gonna go nuts when they lose the deductibility of their mortgage.

Well, that's gonna happen.

You mark my words.

That's already being floated out there as being on the table as part of the cliff deal. Not this year. Not this year. There will be a second part of the cliff deal in the first quarter of 2013. They're floating the idea of reducing the mortgage interest deduction for just the very poor, eliminating it not for everybody but just the very poor. But this 401(k) plan, TIME Magazine's out now with a headline six hours ago saying (summarized), "Oh, it's just such a shame. It's just such a shame. The government might have to look at your 401(k). They might have to mess with it," and it's this plan that was introduced four years ago....