Who will buy US Treasuries?
                       you will!




The Push for 401K Changes and Mandatory Savings
US Treasuries
  Bank and
Pension Fund
   CMO’s
                               i’m full of garbage!




FANNIE &
 FREDDIE  ...
would you buy debt from these guys?




             US Treasuries




                             Hat tip: marketoracle....
feed me!

 The U.S. Treasury and Labor Departments
 will ask for public comment as soon as
 next week on ways to promote t...
When the smart money stops buying potentially
worthless US treasury debt who will?




                                suc...
Saving our Future
       Requires
 Tough Choices Today
Town Hall Meeting, hosted by Congressman Jim Moran
                ...
Possible Way Forward
         on Social Security Reform
Make little or no changes to those who are
near retirement or alre...
I.O.U.S.A.

          Premiering August 21
           with an unprecedented
           national media event
          Co...
7927

                                                                   Federal Register                                 ...
National Commission on Fiscal Responsibility and Reform



 meet my co-chariman

                                         ...
NPR interview 2-18-10

       “There are a lot of
       bitchers and whiners and
       snorters out there and we
       ...
Will voters have some sense of the panel’s
 proposals before the November midterm
                elections?




         ...
meet my other friends



     Peter Peterson (Lehman/Blackstone/FTS/CFR)

     Hank Greenberg (AIG/CFR)

     David Walker...
With friends like these...
          what can a citizen do?
An act of Congress...




“The 111th Congress restricts itself from enacting
any legislation related to tax increases, ent...
After November 2, 2010

111th Congress

                         mmm...lameduck!
Message to Congress:
   Fix budget by Nov 2 or after January 3, 2011.


                        can you say
              ...
Message to Congress:
   Fix budget by Nov 2 or after January 3, 2011.


                        can you say
              ...
Who Will Buy US Treasuries? You Will!
Who Will Buy US Treasuries? You Will!
Who Will Buy US Treasuries? You Will!
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Who Will Buy US Treasuries? You Will!

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A presentation on the 401K, IRA and mandatory saving plan elements of the Fiscal Reform Commission empaneled by presidential executive order 13531 issued on February 18, 2010.

The order requires the commission to report its recommendations for solving the federal government's debt and deficit crisis by December 1st. The intention is to force a "fiscal reform" bill through Congress during the upcoming lame duck session. Co-Chair Erskine Bowles (former Clinton Chief of Staff and current Morgan Stanley board member) stated that the president has instructed the commission to keep all options on the table. These include, conversion of part or all of 401Ks and IRA holdings to US Treasury bonds, institution of a 15-20% national sales tax (VAT), raising the social security age and cutting benefits, a new mandatory savings plan that would take 2-4% out of every workers paycheck to be deposited into "savings" plans managed by investment firms like Goldman Sachs and Morgan Stanley, and various assorted tax increases.

This fiscal reform effort is actually a greater threat to your personal freedom and well being than health care reform. This is why Mr. Bowles' co-chair Senator Alan Simpson has said that is would be "total cremation" if they issued their report BEFORE the election.

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  • Who Will Buy US Treasuries? You Will!

    1. 1. Who will buy US Treasuries? you will! The Push for 401K Changes and Mandatory Savings
    2. 2. US Treasuries Bank and Pension Fund CMO’s i’m full of garbage! FANNIE & FREDDIE Unlimited Credit Line From US Treasury since December 2010
    3. 3. would you buy debt from these guys? US Treasuries Hat tip: marketoracle.co.uk
    4. 4. feed me! The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort. January 8, 2010 - Businessweek
    5. 5. When the smart money stops buying potentially worthless US treasury debt who will? suckers the american public!
    6. 6. Saving our Future Requires Tough Choices Today Town Hall Meeting, hosted by Congressman Jim Moran Alexandria, VA July 28, 2008 David M. Walker President and CEO The Peter G. Peterson Foundation and Former Comptroller General of the United States www.pgpf.org
    7. 7. Possible Way Forward on Social Security Reform Make little or no changes to those who are near retirement or already retired, and make a number of adjustments that would affect younger workers: MANDATORY  ...  Increase the taxable wage base, if necessary  Address selected equity and other considerations  Consider mandatory supplemental individual savings accounts on a payroll deduction basis (e.g., a minimum 2 percent payroll contribution and a program designed much like the Federal Thrift Savings Plan with a real trust fund and real investments) 27
    8. 8. I.O.U.S.A.  Premiering August 21 with an unprecedented national media event  Coming to 10 cities on August 22  Features Warren Buffett, Alan Greenspan, Robert Rubin, Paul O’Neill  Debuted at the Sundance Film Festival media event: “create fiscal commission!” 45
    9. 9. 7927 Federal Register Presidential Documents Vol. 75, No. 35 Tuesday, February 23, 2010 Title 3— Executive Order 13531 of February 18, 2010 The President National Commission on Fiscal Responsibility and Reform By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Establishment. There is established within the Executive Office of the President the National Commission on Fiscal Responsibility and Re- form (Commission). Sec. 2. Membership. The Commission shall be composed of 18 members who shall be selected as follows: (a) six members appointed by the President, not more than four of whom shall be from the same political party; EXECUTIVE ORDER (b) three members selected by the Majority Leader of the Senate, all of whom shall be current Members of the Senate; 13531 (c) three members selected by the Speaker of the House of Representatives, all of whom shall be current Members of the House of Representatives; (d) three members selected by the Minority Leader of the Senate, all of whom shall be current Members of the Senate; and (e) three members selected by the Minority Leader of the House of Rep- resentatives, all of whom shall be current Members of the House of Represent- atives. Sec. 3. Co-Chairs. From among his appointees, the President shall designate two members, who shall not be of the same political party, to serve as Co-Chairs of the Commission. Sec. 4. Mission. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustain- ability over the long run. Specifically, the Commission shall propose rec- ommendations designed to balance the budget, excluding interest payments on the debt, by 2015. This result is projected to stabilize the debt-to-GDP ratio at an acceptable level once the economy recovers. The magnitude and timing of the policy measures necessary to achieve this goal are subject to considerable uncertainty and will depend on the evolution of the economy. In addition, the Commission shall propose recommendations that meaning- Final report due fully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected reve- nues and expenditures of the Federal Government. no later than December 1, 2010 Sec. 5. Reports. (a) No later than December 1, 2010, the Commission shall vote on the approval of a final report containing a set of recommendations to achieve the mission set forth in section 4 of this order. (b) The issuance of a final report of the Commission shall require the mstockstill on DSKH9S0YB1PROD with PRESDOCE0 approval of not less than 14 of the 18 members of the Commission. Sec. 6. Administration. (a) Members of the Commission shall serve without any additional compensation, but shall be allowed travel expenses, including per diem in lieu of subsistence, as authorized by law for persons serving intermittently in Government service (5 U.S.C. 5701–5707), consistent with the availability of funds. (b) The Commission shall have a staff headed by an Executive Director. VerDate Nov<24>2008 16:22 Feb 22, 2010 Jkt 220001 PO 00000 Frm 00001 Fmt 4705 Sfmt 4790 E:FRFM23FEE0.SGM 23FEE0
    10. 10. National Commission on Fiscal Responsibility and Reform meet my co-chariman the president told us, “everything is on the table.” Former Senator Former Everything Alan Simpson Erskine Bowles
    11. 11. NPR interview 2-18-10 “There are a lot of bitchers and whiners and snorters out there and we intend to listen to them all and then crush them.” I didn't mean that. Must have been a sick thing...
    12. 12. Will voters have some sense of the panel’s proposals before the November midterm elections? We don’t dare put out a report before Election Day or it’ll be total cremation... Bloomberg interview 2-20-10
    13. 13. meet my other friends Peter Peterson (Lehman/Blackstone/FTS/CFR) Hank Greenberg (AIG/CFR) David Walker (Arthur Anderson-Enron/GAO)
    14. 14. With friends like these... what can a citizen do?
    15. 15. An act of Congress... “The 111th Congress restricts itself from enacting any legislation related to tax increases, entitlement program cuts, and retirement savings plans changes after November 2, 2010”
    16. 16. After November 2, 2010 111th Congress mmm...lameduck!
    17. 17. Message to Congress: Fix budget by Nov 2 or after January 3, 2011. can you say accountability? yeah, light of day!
    18. 18. Message to Congress: Fix budget by Nov 2 or after January 3, 2011. can you say accountability? yeah, light of day!

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