Republicans Sound Alarm on Administration Plan to Seize 401(k)s

Human Events ^ | May 4, 2010 | Connie Hair

[ConjunctionJunction]

Connie Hair is a freelance writer, a former speechwriter for Rep. Trent Franks (R-AZ) and a former media and coalitions advisor to the Senate Republican Conference.

[highlander_UW]

Why is it that the only industriousness liberals have is work to destroy America? Libs need to get a job...idle hands are the devil’s playground...and if that’s true, then libs must have the most idle hands in history.

[clintonh8r]

In related news, there’s a big gun show in Ft Lauderdale next weekend....

[Jewbacca]

In sum, because I have done without and contributed the maximum permitted by law into my 401K, I am screwed.

I have been using a Roth (post tax) contribution to my 401k, with my employer (who is really me) matching withing my 401K, for about $31K a year.

I wonder if I should cash out and just go stick it somewhere, taking the penalty, at least my Roth portion.

[swain_forkbeard]

We already have a government-mandated retirement plan. It’s called Social Security, and it’s a Ponzi scheme that’s going broke.

[screaminsunshine]

They can have mine liquidated paid penalty and bought silver 2 years ago. Sittin fat.

[pgkdan]

Connie Hair is a freelance writer, a former speechwriter for Rep. Trent Franks (R-AZ) and a former media and coalitions advisor to the Senate Republican Conference.

And a long, long time FReeper!

If anyone touches my 401k, which represents a large portion of my life savings, I would be willing to take up arms against the government. This would be the act that puts me right over the edge!

[Frantzie]

People voted for this. 49% of Baby Boomers voted for Obama. 47% of seniors and tons of young people voted for him.

They are going to take healthcare from seniors and baby boomers then their money. Keep paying that cable & sat TV bill to enpower them. TV enpowers them and makes you a serf.

[rhombus]

They aren’t smart in this Administration but surely some must know this isn’t going to work. On the other hand, it’s a nice thing to rally GOP before the election.

[Deb]

When did she quit flacking for Alan Keyes?

[NTHockey]

Good, let loose the dogs of war. For everyone that has skrimped and saved for retirement, allow this and fit yourself for a metal collar and leg irons.

I was born free and I will die that way.

[Red Badger]

I don’t think that will save you. Remember the Klintoons “retroactive” income tax? If you take your money out in an effort to try and save yourself, they will retroactively tax your a$$et$.........

[Jewbacca]

I suspect there is a tremendous overlap in those who pay taxes and those who save for the future.

51% don’t pay taxes and will be happy to take your 401K.

[Red Badger]

see #12..........

[MNJohnnie]

BTTT

[elpinta]

“Keep paying that cable & sat TV bill to enpower them. TV enpowers them and makes you a serf.”

Heard of this before, but sure would like to know more.

Possible option: http://www.n2news.com/fta.html

[MNJohnnie]

Great post, thanks.

[ebshumidors]

Argentina did it.

[Uncle Miltie]

Fastest way to see me in full armed revolt? Steal my retirement money.

[jonascord]

But, who are you going to shoot? Overpaid federal employees? Police? Congressmen? Sorry, but it's easier to just bend over, grab both cheeks and spread 'em. You might try lubing up with butter...

You can ask any Teacher's Union educated third grader how it's done.