Skip to comments.Obama Begins Push for New National Retirement System (Occupy Your Savings)
Posted on 11/15/2012 12:47:45 PM PST by Heartlander2
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administrations effort to nationalize the nations pension system and to eliminate private retirement accounts including IRAs and 401k plans, NSC is warning.
(Excerpt) Read more at nationalseniorscouncil.org ...
The Obama Administration has a point. We do need to be “secure” in our later years, and there is a “social” interest in insuring that “security”, so I don’t see anything that could possibly go wrong. We could fund it via a payroll tax that could be split between the worker and the employer. That money would be completely separate from other government spending. Why haven’t they already tried this?!?!
Inability to detect sarcasm is a warning sign for dementia, FYI.
Because it's a big pile of money...and don't you know...the Fed's can "manage it better" than you.
They will tell you they will give you a guaranteed 2, 3, or 4%...and THEY will take your money...and spend it as they please.
IT'S BEEN TALKED ABOUT BY OUR "LEADERS" IN D.C.
Yeah....sounds crazy...but it's been proposed!!!!~
On 2nd thought the secession movement may not be a bad idea after all....
fine, as long as our ‘public servants’ all have the same system as us.
I’d go ahead and die, but I can’t afford the death tax.
...and what better way to make people think this is a good idea than to crash the markets so everyone thinks the market is too unstable for retirement funds....
Did Obama mention this in his campaign? Do his union buddies know about this? What is Social Security? I guess the people who make all the big bucks in DC need to do something, so coming up with other ways to take money from citizens is what they are there to do. Ugh.
I remember when a very intelligent friend from my youth scoffed at me for calling Obama a communist when he was first elected.
If this ever got as far as serious debate in the Congress (which it won’t). The stock market would immediately plunge 10,000 points as everybody emptied their IRA/401-K. Anybody with a lick of sense would rather take the IRS early withdrawal penalty and save some of their money than to lose it all.
I cannot find the date of this meeting. If it is held at the Treasury Building, does that mean it was sanctioned by the Treasury?
If 401k’s are confiscated. Violence is justified, just as it would be against a stickup man at an ATM. They are playing with fire. People tolerate general attacks on prosperity like more taxes, and bad energy policies.
But an outright theft of savings will result in someone resorting to direct violence against the political perpetrators.
And no trade of getting a social security style pension at the end will protect them. When they confiscate in return for a secure pension, the balance upon death will not be passed onto heirs. The government will keep the change when you die.
The question is when to pull your cash out and take the big hit.
the frogs in the slow boiling pot.
Watch out for a requirement that 401ks and IRAs invest a small amount of money in "safe" investments like treasury bonds in order to keep their tax deferral. Then that small amount will gradually climb over the years until nearly all the retirement money has to be invested in bonds.
No tears shed here.
It might be time for some billboards, with something to the effect of, “If you take my retirement account, YOU WON’T LIVE LONG ENOUGH TO SPEND IT”. At that point it wil be right and proper to bring those thieves down to room temperature.
The Rats held a public hearing on this in Dec, 2008 - only a month after his first immaculation.
They are coming for our savings - the ONLY way to get enough money to do what they really want.
It’s coming, folks!
Even the 3 blind mice, Boehner, McConnell and Cantor can figure out how to win this fight . . .
They try this, and it will be CWII.