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October 08, 2008

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2 Voting Blocks - Must Choose One.
There are two voting blocks that the candidates are vying for; retirees and Immigrants (especially Latinos). But there is one issue that neither has been able to address to satisfy both. They cannot, but it is an issue that is quietly becoming a major economic crisis. In 2006, the Congress passed the "Pension Protection Act (PPA)" as a response to the Enron debacle. The PPA mandated much stricter levels of funding for a pension to be declared "Fully Funded." They gave pensions 2 years to reach a level that they never had prepared for. But, most hourly workers' pensions are funded and determined by hourly contributions. I am on such a pension (as disabled). I recently had my annual COLA rolled back and FROZEN at the level I received in 2002. But, Congress and I started out, the candidates did not address the main reason pensions have been under funded. My employers cannot compete against contractors who hire illegal (even legal0 immigrants and pay no pension, medical or other benefits. So we continue to lose the man-hours required to fund our Pension, Health and other plans. The candidates MUST be made to clearly choose who they want to protect? Retirees and near retirees who are having their pensions slashed in these horrible economic times, or illegal immigrants. I repeat they must state CLEARLY, which group they feel is more important? Those who have paid taxes and contributed over their lifetime, or those who have not!
Mike McCormick - NYC

Interesting! In Europe and elsewhere, during economic crisis, anti-immigrant feelings run high. But, in the US it is pretty muted and immigration is not even a major issue!

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