Our nation's finances are in shambles. The debt is higher than ever (and growing every day), the deficit has already eclipsed last year's total figure, and Democrats and Republicans eliminated the financial restraints imposed by the Tea Party in 2011.
What is Congress doing in the midst of all this? Are they discussing how to curb spending, eliminate waste, or weed out corruption?
Nope.
They're poised to give a massive bailout to unions, which could put American taxpayers on the hook for another $638 billion. The Daily Signal reports:
A new report from the Pension Benefit Guaranty Corp. shows that the private union pension crisis is only getting worse, and now Congress is poised to make it worse still.
Not only are many multiemployer pension plans rapidly approaching insolvency, but the situation is so bad that even the pension safety net—the PBGC’s Multiemployer Program—will be bankrupt in just six years, leaving pensioners with mere pennies on the dollar in promised benefits.
Unfortunately, the House of Representatives passed a bill just before leaving for August recess that will make the situation even worse. Not only would the Rehabilitation for Multiemployer Pensions Act (H.R. 397), exacerbate the problem, it would put taxpayers on the hook for potentially $638 billion or more in broken pension promises.
This was never supposed to happen.
This is totally unacceptable. If Congress had any interest in adhering to the will of We the People, they would never dream of using taxpayer money to bail out unions while our children and grandchildren risk fiscal insolvency.
Fortunately, the Framers of the Constitution were much wiser than this batch of politicians in D.C. They included in Article V a way for the people and the states to come together and force Washington to be fiscally responsible.
An Article V Convention of States can propose constitutional amendments like a balanced budget amendment, spending limits, and tax caps. With this complete package of amendments in place (once ratified by 38 states), Congress will have no choice but to get our nation's finances under control.
Millions have joined the movement, and fifteen states are already on board. Sign the Petition below to add your name to the list.
