U.S. House Resolution 41 reads:
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.
No comments:
Post a Comment
Readers who are willing to comment make this a better blog. Civil dialog is a valuable thing.