Skip to comments.Huge See, I Told You So from 2008: Democrats Try To Take Your 401(k)
Posted on 01/30/2014 5:00:06 AM PST by EBH
RUSH: Well, now, that's fascinating you mention that, because that's the next item up in my Stack of Stuff and I talked about this weeks ago, maybe even months ago when Tom "Dung Heap" Harken proposed this. Now, before you condition Alicia, let me refer to what she's talking about. It's Mark Hemingway in the Washington Examiner: " Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that. On Oct. 8, the two senators from the Health, Education, Labor and Pensions (HELP) Committee held a hearing on 'Retirement (In)security in America.' "Among the proposals discussed was 'Guaranteed Retirement Accounts,' or GRAs. The purpose of the GRA proposal is simple: To force Americans to stop putting their retirement savings money into private 401(k) accounts and send their money to the government instead." Now, this has been in the works for a long time and I remember the first time I mentioned this on the program, Alicia, we were deluged with calls from Washington: "No, no, no! You totally misunderstand. Nobody in the Democrat Party is talking about eliminating 401(k)s," and they are.
(Excerpt) Read more at rushlimbaugh.com ...
It’s the Democrat way: Deny deny deny until suddenly it’s implemented, at which point it turns into “so what are you gonna do about it?”
Rush, Rush, Rush. You always claim your are right.
While I am very skeptical about putting money in the Obama-retirement account, it is voluntary and has nothing to do with the rest of our 401K savings plan.
Lets see how many sign up.
“Obama visited a Costco food warehouse in suburban Lanham, Md., where entry-level employees start at $11.50 an hour, to tout his call for a $10.10 minimum wage. At a U.S. Steel Corp. plant outside Pittsburgh, he signed a presidential memorandum to create the “myRA” program, which he told employees would go toward “making sure that after a lifetime of hard work you can retire with some dignity.””
What a maroon. And he admits that without Congressional action the myRA won’t work.
They will use this ‘demand’ to convert and force through this legislation by year’s end. Watch and see.
Retirement “insecurity” has been a back-burner issue.
With the pull back on the printing press and inflation on the horizon...a very well orchestrated plan is being hatched.
Market manipulation at its very best.
I've done some looking around. There are a couple of references that this applies to.
First is the left's "jamming" attempt to make us all believe that 10% of the population is homosexual.
But the other is related directly to "global warming mitigation".
10:10 is a global warming mitigation campaign calling for immediate reductions in carbon emissions, 10% at a time. The project aims to demonstrate public support, apply pressure to policymakers to commit to national cuts, and inspire success at the United Nations climate change negotiations.
You can keep your 401k if you like it. Period.
I wonder if a negotiating tactic of tying emission reduction to deficit reduction would get anywhere lol
at a minimum the left would squirm
You get to keep the health care plan you like too. Democrats will take care of you. Rush is just paranoid, right?
Stealing our retirements is a good way to test the battlefield skills of older Americans.
Well said. I don’t trust lawyers, and I don’t trust criminals. Most of Congress is BOTH.
What are you? 12?
Have you never observed the incrementalism of the left?
The “voluntary” GRAs is just the first step in STEALING YOUR RETIREMENT!
They must not remember what happened to Dan Rostenkowski.
Watch the video on the page. At the end it refers to ownership of stocks - you need to become an LLC to take control of your stocks.
Check your 401K and Retirement Plan! Plans being switched to ALL Government Bonds without Approval. Finding out by Retirement End of Year Statements
It is happening. The government IS in the process of getting the Trillions in retirement accounts and they will come after all of them. They will do what it takes for their Wall Street buddies and puppet masters.
My research on how stocks and bonds are put into a company’s name that is owned by the Federal Reserve when you purchase them.
Except Obama didn't say that because no one asked him because the Obama retirement piggy bank is completely unrelated to 401Ks.
Obamacare was not passed by exec order Rush, it was passed by congress. The mandates that ended those plans were passed by congress Rush, not exec order.
The idea that Obama is going to issue an order that takes our 401K $$$ is completely ridiculous.
Rush claimed that Mitt and MCcain would beat Obama in landslides too, and a fairness doctrine would be passed to outlaw his show. Fools never learn
Republicans need to hammer this - what happened to Social Security? You take 15% of our income and now we need more?
“it is voluntary and has nothing to do with the rest of our 401K savings plan.”
Yeah sure. Its voluntary... for now!
All the commies have to do is remove tax-protection from the funds in the 401K except for any funds invested in USBonds (3% return).
First you do realize what I posted is from 2010. Second, they have been after doing this in some form since before 2008 and the legislation is sitting on a desk in DC...waiting. Third, progressives are just that...progressive and pragmatic.
Are you really going to sit there and let your kids get hooked into this scheme? A scheme that through a little research and awareness is going to bring down the whole idea of having your own retirement security? Having final control over your own money? Having control over your own retirement lifestyle?