,,iv  #aac? ,,congress  #a/ ,session    
,h4 ,,res4 #aag  ,,9 ,,! ,,h\se ,,(     
,,repres5tatives  ,m>* #ad1 #bjac ,mr4  
,*affetz submitt$ ! foll[+ resolution2  
:i* 0 ref]r$ to ! ,committee on         
,education & ! ,work=ce  ,,resolution   
,express+ ! s5se ( ! ,h\se (            
,repres5tatives t ! ,f$]al ,gov]nm5t    
%\ld n bail out ,/ate & local gov]nm5t  
employee p5sion plans or o!r plans t    
provide po/-employm5t b5efits to ,/ate &
 local gov]nm5t retirees4  ,:]eas !     
,f$]al ,gov]nm5t is op]at+ at a huge    
annual deficit & is rapidly increas+ its
 out/&+ debt e ye>2 ,:]eas ! ,f$]al     
,gov]nm5t1 z ( ,decemb] #bjab1 is c>ry+ 
m ?an #af4j trillion 9 debt1 ( :i* #aa4f
 trillion is ow$ to ! public & #d4h     
trillion is ow$ to ,social ,security &  
o!r tru/ funds2 ,:]eas ! ,f$]al         
,gov]nm5t borr[$ #ca c5ts = e doll> x   
sp5t 9 #bjab2 ,:]eas =eign gov]nm5ts1   
individuals1 & corporations z (         
,septemb] #bjab own #dh p]c5t ( ,f$]al  
debt own$ by ! public2 ,:]eas ,social   

,security's unfund$ liabilities 9 #bjab 
are #h4f trillion ov] #ge ye>s & #bj4e  
trillion ov] ! inf9ite horizon2 ,:]eas !
 ,f$]al debt is expect$ to increase by m
 ?an #f trillion f #bjac to #bjbb       
accord+ to ! ,congressional ,budget     
,(fice2 ,:]eas ,/ate & local gov]nm5ts  
are heavily dep5d5t on ,f$]al rev5ues2  
,:]eas m ?an #af p]c5t ( ! entire ,f$]al
 budget goes directly to ,/ates & local 
gov]nm5ts2 ,:]eas m ?an #bj p]c5t (     
total ,/ate & local gov]nm5t g5]al      
rev5ue comes f ! ,f$]al ,gov]nm5t       
accord+ to ,c5sus ,bureau's late/       
,annual ,survey ( ,/ate & ,local        
,gov]nm5t ,f9ance2 ,:]eas num]\s ,/ate &
 local gov]nm5t employee p5sion plans h 
(f]$ ov]ly g5]\s retirem5t b5efits to   
its employees & are 9 dire f9ancial     
situations ) comb9$ unfund$ liabilities 
up to #d4d trillion2 ,:]eas _m ,/ate &  
local gov]nm5t p5sion plans h und]/at$  
liabilities & ov]/at$ asset gr[? rates &
 h employ$ me?odologies t private sector
 plans are prohibit$ f us+ by ,f$]al    

law2 & ,:]eas sev]al ,/ate & local      
p5sion plans are expect$ to fully exhau/
 _! funds )9 t5 ye>s3 ,n[1 !re=e1 be x  
,t x is ! s5se ( ! ,h\se (              
,repres5tatives t--  7#a7 ! ,f$]al      
,gov]nm5t %\ld n bail\t ,/ate & local   
gov]nm5t employee p5sion plans & o!r    
po/-employm5t b5efit plans2 &  7#b7     
,/ate & local gov]nm5ts %\ld imm$iately 
in/itute re=ms to _! employee p5sion    
plans1 includ+ replac+ def9$ b5efit     
plans ) def9$ contribution plans4