States and federal authorities are so desperate for cash they have begun to resort to television attack ads. Not the sort of attack ads politicians have tried to ban from campaigns either. This new form of attack ad is based upon raw intimidation of the public by so-called public servants.
I've been warning you for some time that cash-strapped state and federal bureaucrats are on the prowl for money. A creepy, skin-crawling new government attack ad directed at Pennsylvania taxpayers does exactly that. You have to see to believe it.
The tax-collection ad informs residents "We DO know who you are," and it warns them to "find us before we find you."
What's telling about Pennsylvania's taxpayer attack ad campaign is that it brags how you have no shield of privacy from government snoops. It is a classic example of a disturbing trend: A situation in which bureaucrats have forgotten their place as public servants and now openly regard taxpayers as subjects to be preyed upon -- not a master to serve.
View the State of Pennsylvania's TV ad here: And no, this is not a spoof!
Dangerous Financial Pressures on Government Authorities
Threaten Our Futures
Threaten Our Futures
You see, America's dangerously overextended public-sector is quite literally papering over a solvency crisis of epic proportions. There are gigantic financial pressures on federal and state officials driving them to desperation.
Consider just this one slice of the government's little-understood funding pickle:
On the state-level alone, Uncle Sam is looking at a multi-trillion-dollar bailout of public employee pensions. More specifically, federal bureaucrats know that a major bailout of total state-level pension obligations is coming. That's because there are an astronomical $5.7 trillion in pension obligations against only $1.94 trillion in actual holdings.
Northwestern University economist Joshua Rauh recently calculated 50 states' pension obligations by removing the rigged statistics governments use to make their pensions appear solvent. Rauh learned that in addition to horrific operating deficits, state government pension obligations are (on a national level) a whopping three times greater than their rapidly collapsing reserves.
Desperation moves by states foreshadow what is to come. Cash-strapped Colorado just tried, unsuccessfully, to grab $500 million from a newly-privatized pension fund. Connecticut has tried to issue creative new accounting rules to camouflage its insolvency. And the State Supreme Court of New Hampshire recently ordered state officials to return $110 million they "borrowed" from a medical malpractice insurance pool.
As the old saying goes, the problem with socialism is that you eventually run out of other people'smoney. Now that horrific moment appears to have arrived. Governments at all levels are running out of cash.
Don't be a victim. You can – in fact, must – lower your personal and financial profile. No tricks. No secret or illegal steps. Just simple, common-sense ways to discreetly lower your profile and make yourself less of a target to anyone who means you harm.
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