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To: Publius
He is going to make a play for the government seizure of people’s IRA’s and 401k’s.

My thoughts exactly - More "Social Justice" dialectic.

Democrats have already floated a few trial balloons on this subject to plant the idea in peoples' minds.

Savers were once considered to be the backbone of the economic system, preparing for their own futures while providing capital for banks to loan to home buyers, investors and others. But the Government now discourages independance, encourages dependancy on government, and provides loans to those they want to help, regardless of ability or intent to repay.

So in Obamanomics, people who live within their income and accrue savings to provide for their own needs later in life are not considered to be smart and prudent money managers.

They will increasingly be portrayed as hoarders - evilly and greedily holding onto resources needed by others.


34 posted on 07/18/2011 9:44:06 AM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: Iron Munro
Democrats have already floated a few trial balloons on this subject to plant the idea in peoples' minds.

Actually, the first trial balloon was launched by the St. Louis Fed in a scholarly paper in 2004.

36 posted on 07/18/2011 9:46:31 AM PDT by Publius
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