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This is the private pensions that the Argentina gov't nationalized in 2008 "to protect investors from looses during the global turmoil" http://online.wsj.com/article/SB122460155879054331.html Which is the same reason some of the congress like George Miller were giving for consideration of seizing 401Ks.
1 posted on 02/17/2013 7:26:07 AM PST by Rusty0604
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To: Rusty0604

They know here they have to get the guns off the streets first.


2 posted on 02/17/2013 7:31:37 AM PST by Mouton (108th MI Group.....68-71)
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To: Rusty0604

The only way to keep this government here solvent while still maintaining the massive, massive entitlement bribes to Democrat and illegal voters is to nationalize private retirement funds. 401Ks, IRAs, Roth IRAs, CDs, you name it.

These funds will be confiscated and a token chit increase in the person’s Social Security Account disbursements when reaching age 66-70 will be on the order of less than $300-500/month. You will effectively be forced to trade you several hundred thousand dollar retirement accounts for some pittance of an increase in the NEW GOVERNMENT SS PLAN.

Better keep your accounts as liquid as possible to cash out at a moment’s notice, because this WILL happen....it is the only way to forestall the transitional problem of having enough money for the leeches, keeping some semblance of solvency during the transition to King Obama’s lifetime rule.


3 posted on 02/17/2013 7:34:33 AM PST by Gaffer
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To: Rusty0604

Coming to a country near you!


4 posted on 02/17/2013 7:37:55 AM PST by painter (Obamahood,"Steal from the working people and give to the worthless.")
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To: Rusty0604

These people live for one thing: to take money from those who earned it honestly and give it to those who vote for them.


7 posted on 02/17/2013 7:48:54 AM PST by I want the USA back
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To: Rusty0604
do I really have to say it???

9 posted on 02/17/2013 8:24:35 AM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Rusty0604

“Proposals now on the table to reduce the degree to which social security pensions are topped up for inflation will have the effect of transferring money from pensioners back to the government, where it will be used again for whatever purposes politicians want.”

Not quite. The money from the pensioners (in the United States) has ALREADY BEEN SPENT. What these proposals try to do is lessen the burden on my kids, a bit.


10 posted on 02/17/2013 8:42:33 AM PST by BobL
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To: Rusty0604

“...and the money kept rollin’ in...”


12 posted on 02/17/2013 8:47:16 AM PST by dfwgator
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