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May 9, 2016
Title: We Must Put an End to Unauthorized Federal Spending
Topic: Feds and Your Money
Discussed by Phil Kerpen
with American Commitment (AmericanCommitment.org)
The Federal Government is scheduled to spend $310 BILLION of our tax
dollars on federal programs that are not even authorized by law. Read that
again, friends. Does that make you mad? Well, it should!
Phil Kerpen, with American Commitment, will highlight the need to stop
unauthorized federal spending in this interview today. First, he explains the
difference between discretionary and mandatory funds. Some money must be spent,
whether or not Congress passes a law, such as Medicaid and Social Security.
Other funds are for the military. And then there is money that is just not
necessary at all.
Phil also reveals that many programs have exhausted their spending limit – some
are even expired – yet they keep receiving money. This is the problem. The
United States is nearly $20 TRILLION in debt. We are on the verge on bankruptcy.
There is no reason why we should continue to tolerate $310 BILLION on expired,
unauthorized programs.
Phil Kerpen believes that many members of Congress simply just don’t want to
deal with the amount of work involved with reviewing these programs, therefore
they turn a blind eye. There may hope on the horizon, though. Congresswoman
Cathy McMorris Rodgers from Washington States has introduced the
“Unauthorized Spending Accountability Act”. Listen in as Phil explains the
details of the bill and how it just might work.
The American people demand action; it’s time for Congress to buckle up, hunker
down, and get it done.
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October 29, 2015
Title: The Feds want your Retirement Money
Topic: Feds and Your Money
Discussed by John Berlau
with Competitive Enterprise Institute www.cei.org
I can’t make this stuff up people! This is not a fake story! This is true and it is happening!
If you are sick and tired of the government being all up in your business, then you are really going to hate this! The Feds want to tell you where, when, and how much of your retirement money you can invest. Yes, you read that correctly! And, no, you are not stupid like the Feds say!
The Department of Labor (DOL) has proposed a rule that would severely restrict investment choices in savings plans such as 401(k)’s and individual retirement accounts (IRA’s). Your investment professionals will be forced to adhere to a one-size-fits-all definition of “best interest” for assets and investing strategies in these savings plans. This is especially bad news to poor and middle class investors.
John Berlau, political analyst and Senior Fellow at the Competitive Enterprise Institute, is here to explain the newest scheme by the Feds in real language. John reveals that the DOL is quoted, saying, “most Americans cannot prudently manage retirement assets on their own”. Over half of all Americans currently invest their retirement in some way, usually a 401(k) or IRA. Many must move their funds from one account to another at least once and this new regulation would make it nearly impossible to do so. But, of course, you’re too stupid to know how to do that and where your money should be, so they want to do it for you.
“The Labor Department is not a financial regulatory agency!” John exclaims. Is this just the first step in the Federal Government taking control of everyone’s retirement money? Listen in to hear what John Berlau has to say about that.
Good news: Thirty-three bipartisan organizations, including CEI, Americans for Tax Reform, and others, have signed a letter urging Congress to stop this madness. These groups are actively pursuing elected officials in WDC and they will not let this matter go. Too much is at stake. Call your representatives in WDC at (202) 224-3121 and urge them to put a stop to this immediately.
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