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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

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1 posted on 11/15/2012 12:47:51 PM PST by Heartlander2
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To: Heartlander2

A way to bail out the failed government union pension systems.


2 posted on 11/15/2012 12:49:47 PM PST by MtnClimber (I did not vote for 0bama, someone else did that!)
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To: Heartlander2

I don’t believe this will ever happen in my lifetime but if it does I’ll die keeping them away from my money. And I don’t die easy.


3 posted on 11/15/2012 12:51:00 PM PST by jwalsh07
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To: Heartlander2
Obie has often talked about finding a way to “pool all our assets to give everybody a fair shot”. People shoulda seen this one coming too...
4 posted on 11/15/2012 12:51:34 PM PST by gov_bean_ counter (Hope and Change has become Attack and Obfuscate.)
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To: Heartlander2

Ramming Speed.

This is just the beginning folks.

Stand by for the ram.


5 posted on 11/15/2012 12:51:55 PM PST by Venturer
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To: Heartlander2

Commie-jerk


6 posted on 11/15/2012 12:52:42 PM PST by polkajello
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To: Heartlander2

Hey media, minorities, union dues payers, youth . . .

See? We told you so.


7 posted on 11/15/2012 12:53:32 PM PST by A_Former_Democrat (Elections do have consequences, young people of America)
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To: Heartlander2
This has been floated before, as other posters have said.

If the government actually tries to do this, that's when the bullets start flying.

8 posted on 11/15/2012 12:54:24 PM PST by Hemingway's Ghost (Spirit of '75)
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To: Heartlander2

This was known before the election; it was not a secret. It should be clear to all but the dimmest bulb that the RATs were projecting when they cried out about all those things Romney and the Republicans would do.


9 posted on 11/15/2012 12:54:28 PM PST by NonValueAdded ("Our president ... makes big speeches packed full of little ideas" Charles C. W. Cooke)
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To: Heartlander2
First floated by the St. Louis Fed in a scholarly paper in 2004. It was intended to natioanlize the retirement plans to plug holes in the deficit during a time of financial crisis.

Something nasty is afoot.

10 posted on 11/15/2012 12:54:50 PM PST by Publius (Will comply with 10-289 for food.)
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To: Heartlander2

Oh crap! We are retired and figured we would probably have to give up the SS checks but had planned on living on hubbys retirement check and money from our rent house.


11 posted on 11/15/2012 12:55:07 PM PST by beckysueb
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To: Heartlander2

If it wasn’t so tragic, this idea would be laughable.

So Obama thinks the way to fix things isn’t to turn Social Security into a private fund, it’s to take all private funds and turn them into the present Social Security.

Looks like the leading Socialists he’s been talking to, have won the day.

I will take this time to apologize to any rocks I may have offended in the past. This guy isn’t intelligent enough to compare to rocks.

Please forgive my insensitivity.


12 posted on 11/15/2012 12:55:35 PM PST by DoughtyOne (Hurricane Sandy..., a week later and 48 million Americans still didn't have power.)
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To: NonValueAdded

Bammy needs and wants a wealth tax, ‘cept for the political class.


13 posted on 11/15/2012 12:55:55 PM PST by Paladin2
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To: Heartlander2

I’ve been predicting 401(k) conversions since ObamaCare was passed.


14 posted on 11/15/2012 12:56:25 PM PST by Cletus.D.Yokel (Bread and Circuses; Everyone to the Coliseum!)
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To: Heartlander2

I thought we already had one. They call it social security.


15 posted on 11/15/2012 12:56:25 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: Heartlander2

There is a couple of ways to protect yourself, one is withdraw all your funds NOW, the other involves firearms.


16 posted on 11/15/2012 12:57:06 PM PST by stockpirate (Democrrats stole the election via fraud, we will never have a free election again.)
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To: Heartlander2

If this is not the Thomas Jefferson line in the sand then we have no business being Americans.

This without a doubt will be the last straw they pile on my back.


17 posted on 11/15/2012 12:57:06 PM PST by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: Heartlander2

He said he would foundationaly change America...


18 posted on 11/15/2012 12:57:21 PM PST by Rightly Biased (Avenge me Girls AVENEGE ME!!!! ( I don't have any son's))
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To: Hemingway's Ghost

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.

By the time the media cover it, if they ever did, it’ll be done.


19 posted on 11/15/2012 12:57:42 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: Heartlander2
Yes, but it’s the evil Repugs that want to “privatize” SS, and create a Medicare “voucher” system.

How dare you have control of your own finances.

It’s time to let 0bama have your money. You can’t be trusted with it. He’ll take real good care of it, and of you.

20 posted on 11/15/2012 12:58:31 PM PST by mojito (Zero, our Nero.)
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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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To: cdcdawg
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.

And here I thought that the Death Panels were going to eliminate the need for Social Security.

41 posted on 11/15/2012 1:25:22 PM PST by SCalGal (Friends don't let friends donate to H$U$, A$PCA, or PETA.)
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To: stockpirate

I think withdrawing the finds now is a fast way to hand half of it straight over to Obama, so that’s not an option in practical terms.


42 posted on 11/15/2012 1:26:26 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Salvey

I think it’s an easy prediction. Only a blind man can’t see that there is a marxist revolution intent on confiscating everything. It has no intention to stop for anything.

But there is also a very big minority of Americans, at least 40% who are being pushed very deep into a corner. They are not looking for a fight, and keep stepping deeper into the corner. hoping to be finally left alone. But there is not much further to go into the corner. These people DO have a point beyond which they will lash out and attack their tormenters.

One side is on the attack, and the other is nearly out of ways to avoid them. We all saw this 100 times in the schoolyard. A confrontation is coming. Lord hope it’s political, but that option is now vanishing quickly due to systemic voter fraud.

When the ballot box is gone, there is only one option.


43 posted on 11/15/2012 1:26:52 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: jwalsh07

I don’t think you have much to worry about but IF they did do this there would be little you could do about it. Executive order freezing all IRAs, 401s, defined benefit plans. Work out the details after that while you (all of us) wondered why we didn’t see it coming. I do think that would be the last straw for a bunch of people who scrimped and saved over a life time for a comfortable retirement. The gauntlet would be thrown down.


44 posted on 11/15/2012 1:26:58 PM PST by Edison (I don't know what irks me more, the lying or the incompetence.)
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To: FReepers
46 days is long enough.
Let's end this FReepathon!



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Support Free Republic

45 posted on 11/15/2012 1:29:39 PM PST by deoetdoctrinae (Gun free zones are playgrounds for felons.)
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To: Heartlander2

WTF is this? Social Security 2.0?!!!!


46 posted on 11/15/2012 1:29:39 PM PST by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: Hemingway's Ghost

You get your info from your retirement fund and you see the “government” has taken control and has divided it up among the people. Your neighbor, who’s retirement plan was a couple of scratch offs and a quick pick, will see a retirement fund for the first time in his life and that will make him happy.

So, do you shoot at the “government”? Or do you shoot at the happy neighbor?


47 posted on 11/15/2012 1:30:56 PM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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To: Edison

You’re correct.
Lots of bluster on here, but the reality is this stuff is 99% held in electronic accounts that could be frozen without warning.
And then what happens? Do you go over and shoot your neighbor who’s a janitor at the local federal building?


48 posted on 11/15/2012 1:30:56 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: DesertRhino

1. Soap box
2. Ballot box
3. Ammo box


49 posted on 11/15/2012 1:31:29 PM PST by newfreep (Breitbart sent me...)
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To: DesertRhino

But an outright theft of savings ..... isn’t that what happened to SS?


50 posted on 11/15/2012 1:33:32 PM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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