Exposed: Enron billionaire’s diabolical plot to loot worker pensions

NOTHING BUT A BUNCHA LOUSY, CONNIVING THIEVES!

How an Enron billionaire, Wall Street and a major "nonpartisan" foundation are quietly robbing American workers

This post is an excerpt of a major report the author wrote for the Institute for America's Future. You can find the full report by clicking here.

In May of 2013, the Pew Charitable Trusts released a report that sounded a frightening alarm. Titled “Retirement Security Across Generations” and widely cited throughout thenational media, the study found that a lack of retirement savings, less guaranteed pension income and the economic downturn have collectively exposed the next generation of Americans “to the real possibility of downward mobility in retirement.”

Summing up the study’s implicit push to stabilize Americans’ retirement future, a Pew official declared that lawmakers must focus on creating policies that help workers “make up for these losses and prepare for the future.”

Pew’s analysis, though eye-opening, was not particularly controversial. Writing in the Wall Street Journal, conservative Martin Morse Wooster acknowledges that the Pew Trusts are “treated as benign truth-tellers, so high-minded as to be beyond politics” – and the call to shore up Americans’ retirement security, indeed, upheld the organization’s promise 
to“generate objective data.” Based on indisputable evidence, it proved that the country’s move away from guaranteed pension income – and states’ willingness to raid worker pension plans to finance massive corporate subsidies – will have disastrous consequences.

What was surprising was the fact that at the same time one branch of Pew was rightly sounding this moderate non-ideological alarm to shore up retirement security, and Pew’s Economic Development Tax Incentives Project was warning of states’ wasteful tax subsidies, a more political branch of the organization was working in tandem with controversial Enron billionaire John Arnold to begin championing an ideologically driven plan to make the retirement problem far worse. ...

CONTINUE READING THE ARTICLE HERE!