Saturday, January 31, 2015

House Resolution 41


Expressing the sense of the House of Representatives that the Federal Government should not bail out State and local government employee pension plans or other plans that provide post-employment benefits to State and local government retirees.
Whereas the Federal Government, as of January 2015, is carrying more than $18.0 trillion in debt, of which $13.0 trillion is owed to the public and $5.08 trillion is owed to Social Security and other trust funds;

<snip>

therefore, be it Resolved, That it is the sense of the House of Representatives that—
(1) the Federal Government should not bailout State and local government employee pension plans and other post-employment benefit plans; and

(2) State and local governments should imme-diately institute reforms to their employee pension plans, including replacing defined benefit plans with defined contribution plans.

This is probably just for show.  "Should" is a much, much softer word than "Shall".  We all know what we should do.   Shall we actually do it?  Oft times we fail when it is difficult.

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