This nastey piece of work was sent to me by a reader today and I must say, it should get your blood boiling. This is an advertisement that the Pennsylvania state government has been airing in order to increase state revenues. As all government tax collection techniques, it is designed to scare you into submission. Take a look at this video and then read the commentary from the Lee Bellinger news letter. Hat tip Robert R.
F.Y.I. Lee Bellinger, Publisher
Re: Beware: State Governments Becoming As Abusive and Aggressive As The Federal Establishment!
You've probably noticed your cash-strapped state government is becoming increasingly aggressive as tax revenues continue to tank due to extremely weak business activity.
Now we have the worrisome spectacle of cash-desperate state and federal authorities taking out TV ads threatening the public. Not the sort of TV ads critical of incumbent politicians, that the federal government has tried to ban from reelection 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 readers 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 it to believe it.
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.
The tax-collection ad informs residents "We DO know who you are," and it warns them to "find us before we find you."
View the State of Pennsylvania's TV ads on TV and Radio: And no, this is not a spoof! Dangerous Financial Pressures on Government Authorities 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.
Take Steps Now To Protect Yourself – Governments Are Desperate for Your Cash
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's money. Now that horrific moment appears to have arrived. Governments at all levels are running out of cash.
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