The Feds Want Your Retirement Accounts

American Thinker ^ | 2-22-13 | John White

[radioone]

Quietly, behind the scenes, the groundwork is being laid for federal government confiscation of tax-deferred retirement accounts such as IRAs. Slowly, the cat is being let out of the bag.

Last January 18th, in a little noticed interview of Richard Cordray, acting head of the Consumer Financial Protection Bureau, Bloomberg reported "[t]he U.S. Consumer Financial Protection Bureau [CFPB] is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency's first foray into consumer investments." That thought generates some skepticism, as aptly expressed by the Richard Terrell cartoon published by American Thinker.

[ClearCase_guy]

Sometimes I think that the cover will be blown off the corruption and we will find out that LBJ killed JFK, there is no gold in Fort Knox, Obama was born in Kenya, no votes have been actually counted in any election since 1956, we've known of a cure for cancer for 30 years, cold fusion works perfectly well, and the government has been designing ineffective flu vaccines in an effort to kill as many old (expensive) people as possible.

Sometimes I think the world could be darker and more corrupt than I think it is. What would happen if people opened their eyes and said, "It's all a lie? All of it? They've been playing me for a fool my entire life? Those bastards ..."

[GeronL]

we’ve seen this coming for a while. Looting.

Have they never thought about what happens after they have stolen and squandered all the wealth?

[GeronL]

and by “action” you mean moan and groan, vent online and change the channel?

[Atomic Vomit]

That’s why the want to disarm us. Then they can steal our money.

Mrs AV

[jsanders2001]

Any legislation proposed by 0 and his minions with the word, “PROTECTION”, in it should be considered worthy of extra scrutiny.
0 is going to go down as the most destructive and arrogant president in US history and also the most deceptive and manipulative at that. Not good qualities for the first black president to have in the history books but I’m sure the liberals will rewrite it anyway.

[Ezekiel]

And somehow, depite all those obstacles--no matter how contrived--those who managed to sacrifice and save, ammassed over 19 trillion dollars?

*Retirement* accounts? Pharaoh will not allow the slaves to rest from their burdens. Now they must find their own straw, yet still produce the same number of bricks.

[Little Ray]

And now you know why the Feds want your guns.

[yefragetuwrabrumuy]

Obama and the Democrats really want to sink their claws into every kind of monetary reserve in the US.

Jimmy Carter seriously wanted to start taxing tax-free municipal bonds, but every bond issuer screamed so loudly that he backed down.

Obama has now stated four times that he wants to do the same, even though it would cripple every bond issuer in the country. HE DOESN’T CARE! HE WANTS THE MO-NEY! The hell with everything and everyone else.

[Resolute Conservative]

I have always said that the American dream of home ownership is a facade. Stop paying your property taxes and see how fast they take your paid off house. Just ask any farmer/rancher who inherited the family farm.

[Jim Noble]

I paid the taxes two years ago, anyone who didn’t see this coming deserves what’s going to happen.

[Bloody Sam Roberts]

What would happen if people opened their eyes and said, "It's all a lie? All of it? They've been playing me for a fool my entire life? Those bastards ..."

Nothing. By the time that happens, all firearms will have been confiscated.

[Pollster1]

Those with retirement accounts should take a good look at how quickly NY rammed through their gun confiscation “law”. It would be a good idea to get any retirement savings out of designated retirement accounts immediately. I took the penalty already because I don’t trust the communist druggie in our White House.

[wny]

if such legislation passes and is signed into law, it is time to burn DC to the ground...

[BipolarBob]

I'll do it but won't gladly take the consequences. But I will take them.

[The Working Man]

I have always said that the American dream of home ownership is a facade. Stop paying your property taxes and see how fast they take your paid off house. Just ask any farmer/rancher who inherited the family farm.

---

I agree completely.

I also believe that the concept of private property in America is an illusion. If the state wants it they can take it. Also I have seen that crimes against property are treated as being on the lowest level of enforcement and investigation. And why not... The state has implicitly let it be known that Private Property rights really mean nothing to it.

If you want to really change attitudes, make Private Property an un-taxable thing. Once the state respects that and you as a property owner everything else shifts in respect to that.

[tflabo]

Those asholes in DC have put the nation in trillions of debt and they want to manage our personal retirement funds?
They playing with fire.

[Psalm 73]

"I see you have some money there. Give it to me."

Indeed - now the sudden big push for Gun Control (prelude to confiscation) makes more sense.
They see the end-game nearing and ONE THING stands in their way - 80 million Americans holding 300 million firearms.
Except me, of course - guns are scary and bad so I traded mine for farm equipment....

[Skepolitic]

I don’t know about the list of conspiracies, but the part about “playing me for a fool my entire life” is pretty accurate.

The ruling elite truly believes that the masses are foolish. And, after 13 years of indoctrination in government schools and ongoing propaganda from the MSM, the fact is that most are very easily deceived.

[SaraJohnson]

It’s safer for those who use obamacare to kill people if the targets are not disarmed, too. They want your estate. The shorter you live, the more of your retirement nest egg they get. If they can get away with it, they would prefer to take everyone’s retirement money before they are murdered via death care.

[Excellence]

They are not angry enough.