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Obama Begins Push for New National Retirement System (Occupy Your Savings)
National Seniors Council ^

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 Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.

(Excerpt) Read more at nationalseniorscouncil.org ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: kissitgoodbye; obama; obamanation; retire; socialism
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To: Heartlander2

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.


21 posted on 11/15/2012 12:59:34 PM PST by cdcdawg
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To: Heartlander2
It's been proposed and/or talked about..."taking" U.S. Citizens IRA's....

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!!!!~

22 posted on 11/15/2012 1:01:35 PM PST by Osage Orange ( Liberalism, ideas so good they have to be mandatory.)
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To: Heartlander2

On 2nd thought the secession movement may not be a bad idea after all....


23 posted on 11/15/2012 1:02:01 PM PST by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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To: Heartlander2

fine, as long as our ‘public servants’ all have the same system as us.


24 posted on 11/15/2012 1:03:25 PM PST by paul51 (11 September 2001 - Never forget)
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To: Heartlander2

Oh....my....God!


25 posted on 11/15/2012 1:04:58 PM PST by Huskrrrr
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To: Heartlander2

I’d go ahead and die, but I can’t afford the death tax.


26 posted on 11/15/2012 1:05:29 PM PST by AmusedBystander (The philosophy of the school room in one generation will be the philosophy of government in the next)
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To: Heartlander2

...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....


27 posted on 11/15/2012 1:06:20 PM PST by TexasNative2000 ("You can either limit growth or limit government. We choose to limit government." Paul Ryan.)
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To: Heartlander2

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.


28 posted on 11/15/2012 1:07:27 PM PST by petitfour
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To: Heartlander2

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.


29 posted on 11/15/2012 1:07:55 PM PST by apillar
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To: Heartlander2

Bump


30 posted on 11/15/2012 1:08:34 PM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Heartlander2

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?


31 posted on 11/15/2012 1:10:21 PM PST by griswold3 (Big Government does not tolerate rivals.)
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To: Heartlander2

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.


32 posted on 11/15/2012 1:11:00 PM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: gov_bean_ counter
People shoulda seen this one coming too...

http://www.freerepublic.com/focus/f-chat/2927978/posts

The question is when to pull your cash out and take the big hit.

33 posted on 11/15/2012 1:12:12 PM PST by Pietro
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To: TurboZamboni
no bullets will fly because they’ll implement it like Obamacare and most other things marxist do...incrementally.

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.

34 posted on 11/15/2012 1:13:56 PM PST by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
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To: DesertRhino
someone resorting to direct violence against the political perpetrators

No tears shed here.

35 posted on 11/15/2012 1:14:39 PM PST by Salvey
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To: Heartlander2

Bump


36 posted on 11/15/2012 1:18:52 PM PST by Aevery_Freeman (The trouble with the "masses" is that they never achieve the "m")
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To: Osage Orange

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.


37 posted on 11/15/2012 1:19:21 PM PST by Windcatcher (Obama is a COMMUNIST and the MSM is his armband-wearing propaganda machine.)
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To: Heartlander2

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.

REDISTRIBUTION

REPARATIONS

It’s coming, folks!


38 posted on 11/15/2012 1:20:43 PM PST by newfreep (Breitbart sent me...)
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To: Heartlander2

Even the 3 blind mice, Boehner, McConnell and Cantor can figure out how to win this fight . . .

I HOPE.


39 posted on 11/15/2012 1:21:48 PM PST by LRoggy (Peter's Son's Business)
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To: jwalsh07

They try this, and it will be CWII.


40 posted on 11/15/2012 1:22:54 PM PST by dfwgator
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