You're invited to our December General Meeting

Guest Speaker: 

Ken Sturzenacker

financial advisor, economist, journalist, curmudgeon and former chair of the PA Libertarian Party.
His latest article in the Morning Call can be found here.
He promises to demonstrate the futility of Social Security and challenge us on cutting the national debt.


Date and Time

Friday, Dec 3th

7:00PM

Location

Charles Chrin Community Center of Palmer Township

4100 Green Pond Rd Easton, PA 18045 610-252-2098 

How to find us "Enter through building on Rte. 22 side and turn left at first corridor. Our room is about half way down on the left hand side."

Price

$1.00 per person to pay for the room

View Larger Map

Lame Duck Voting --- payback to supporters and generational theft?

Tomorrow, November 15, the PA legislature is being called back into session to vote for a pension bailout measure - HB 2497. This is not facing up to the problem but just kicking it down the road for future generations to deal with.

Concerned citizens may want to call their State Representative now.

From the Commonwealth Foundation:

Pennsylvania's largest public pension plans-Public School Employees Retirement System (PSERS) and State Employees Retirement System (SERS)-are severely underfunded.  But instead of reforming the defined-benefit pension system and paying down these liabilities, House Bill 2497 would defer pension payments and increase the unfunded liability by tens of billions of dollars in lost investments and interest.  Simply put, HB 2497 is generational theft-forcing our children and grandchildren to pay for Harrisburg's fiscal irresponsibility.

13 Reasons to Oppose HB 2497
Union Campaign Cash for HB 2497

Update:

HARRISBURG, PA — The Commonwealth Foundation expressed disappointment with today's passage of House Bill 2497, which defers significant pension costs on to future generations while failing to adequately reform the state's largest defined benefit pension systems.

 How Did Lawmakers Vote on HB 2497?

LV Project 9-12/Tea Party in the News

A story in the local newspaper, The Morning Call.
Read it here.

“The rest of the world is looking more like the tea party...”

Who would say such a thing? “The rest of the world is looking more like the tea party,” is that just crazy talk from some right-winger?

No, that quote comes from Kenneth Rogoff, currently on the faculty of the Harvard Department of Economics and formerly the chief economist at the International Monetary Fund and an economist at the Board of Governors of the Federal Reserve System.

Mr Rogoff was quoted in an article about the President's upcoming overseas trips to global economic summits. It's in reference to the fiscal austerity measures that are being pressed for in Europe but resisted by the Obama administration in this country.

So the next time somebody talks about those crazy destructive "fiscal responsibility" ideas of the Tea Party - send them to Europe.

http://online.wsj.com/article/SB40001424052748703805704575594540016000482.html

Will your dollar be worth less after today?

No, this isn't about the election aftermath.

It's about the Federal Reserve and their decision announced today to infuse $600 million into the economy in an attempt to stimulate it. It's referred to as "quantitative easing" and not everyone agrees to it's effectiveness. Many think it will lead to inflation.

Read about it here:
http://www.forbes.com/

and here:
http://blogs.wsj.com/economics/

VOTE!

In Pennsylvania, the polls are open from 7 a.m. to 8 p.m.