Skip to comments.Are Democrats really stupid enough to threaten 401(k) plans?
Posted on 10/13/2010 11:40:24 AM PDT by anniegetyourgun
Honestly, I dont even know what to say about this.
Senator Tom Harkin of Iowa is threatening 401(k) plans insisting Democrats can use the lame duck, post-defeat session of Congress to ram through a measure that would seize your personal 401(k) plans and use them to prop up the union pension plans that are imploding.
(Excerpt) Read more at hillbuzz.org ...
History shows liberals are stupid enough to do just about anything - repeatedly.
Just the threat could destroy the entire Stock Market.
Isn’t Harkin a big-time commie?
It is hard for me to understand what I think of as good people, the hard working farmers in Iowa re-electing Tom Harkin year after year.
Yeah, they are, but they’re gonna get a lot of stupid slapped out of the Nov. 2.
Is there a source for the information about Harkin’s proposal? I don’t see anything at the blog. Thank you.
There's a scene where the The Joker has stolen $60M from the Gotham crime lords and then barges into one of their meetings.
Crime Lord: You think you can steal from us???
Heath Ledger delivers the line beautifully. No pause. No thought. Just an absolute statement: "Yeah."
They were stupid enough to throw Obowma at us!
As the (gov’t) system collapses, they’ll be looking for ANY means by which to prop it up, even temporarily.
When they go for it, there won’t be much time left before total collapse, so our latent reaction time will probably be about the time everything goes to hell.
Can’t Senate Republicans filibuster anything that comes down in a lame duck session of Congress? Don’t lame duck sessions of Congress have to obtain cloture?
I’m a bit skeptical about these reports. I think they are an attempt to get the left wing base out for the election.
One would hope not but you never know with them.
Sure they enou to buy are... they think they can use the money to buy enough votes to hold onto power.
Greed is a bitch. No one is greedier than Socialists.
I am surprised they have not already done it. Next personal bank accounts.
There was that Dem from Kali that announced last year that 401(k)s will have to looked at...
Senator Tom Harkin is a Marxist stooge. He wants to destroy America.
Absolutely they are dumb, and evil enough.
They passed a bill they didn’t read, that 70% of the electorate didn’t want, and now, refuse to mention that bill in re-election efforts.
Is that behavior of a benevolent, intelligent political party?
“...Yes, the individuals whove been defeated in 2010 wont technically have anything to lose by voting for insanity and they could leave office giving their constituents a giant F-U. But what happens to them then?
Ben Nelson saw in Nebraska what happens when an elected official bucks the will of the people and does something crazy: after casting the deciding vote for Obamacare in the Senate on Christmas Eve, Nelson has been booed at, spit upon, and harassed everywhere he goes in Nebraska. I expect this to continue for the rest of his life and it will be remembered when hes up for re-election in a few years. His career is over, and any hope he had of spending his retirement as a celebrity former Senator being wined and dined all over town is gone. The man is a pariah, as well he should be.
This is what would happen to everyone who uses that lame duck session to screw over the American people.
Bigger picture than just these individuals, I dont know how the Democrats would ever recover from doing something like this in the lame duck session.
The partys brand has already taken punches that will take years to heal from, just from alienating all the Jacksonian/Clinton Democrats who are now Independent and siding with Republicans and will continue to do so for years to come.
But if Democrats really and truly tried to take peoples 401(k) funds away from them and redistribute those to the unions or tried to ram through Cap & Tax or other madness during that lame duck session its impossible to imagine the blowback the Democrat Party would suffer.
This would, in fact, permanently equate Democrats with Communists in the minds of Americans.”
I don’t think the suicidal discipline the dems have had will hold after this. It’s already starting to fall apart.
My pet theory is that the rank-and-file turn on the leadership and on Obama with a vengeance.
Thats why they do these things via stealth...like they did payroll witholding taxes on income.
Communism by the teaspoon...
Clever scheme , really.
Just the plan being floated out there is enough to get some to stop investing in their personal retirement. A bill in Congress would stop even more. Thus they realize their goal of even more people retiring and being dependent on the gubermint and increasing the AARP / Demonrat voting bloc.
And old farts are less likely to take up arms.( at least they used to be)
The Rats would get support from the moocher class:
43% have less than $10k for retirement (Mar. 2010)
Many Americans Not Saving For Retirement
Two-thirds of Americans dont save enough
THEY ARE ALSO CORRUPT.
THEY ARE ALSO DESPERATE.
THEY ARE ALSO DANGEROUS...........
I don’t think the dims will be able to do anything in the lame duck session. We can still fillibuster. Plus, many dims who get voted out will be plotting their comeback as of Nov. 3. Once they get voted out, Pelosi and Reid won’t have any power over them.
If anyone from the government lays one finger on my retirement after they (and by they I mean both R & Ds) have screwed up this great county then I guarantee you they will learn the true reason for the 2nd Amendment.
There will no need to wait for the other guy to start this.
We have a government (actually many levels of government) that have declared war on the producers in this country and it is time we developed a backbone.
I am tired of working to fund every scum sucking socialist program used to steal our money and give it to the filth of the earth losers who made stupid life choices and expect us to pay for their mistakes.
I did some internet research and was able to come up with this:
So, in answer to your question, yes.
Tea Party expansion.
The Republicans will be able to tie it up in the Senate, so it's simply not going to happen.
But I will admit: I actually hope the Democrats will try. As the author of this article points out, it will destroy the party.
No one except union members and welfare recipients will ever take them seriously again.
So far, they seem to be getting away with it - all the Repubs running aren't saying much.
But I remember some pretty intense town hall meetings last year.
They went ahead and did it anyway. "Stop us if you can".
So yeah, they'll try this. Like all psychos, they want to see just how far they can go.
Out and out theft? Sure, we can do anything. You'll get over it. Now hand over the cash, or we send men with guns to take it from you.
It's not Armed Robbery when the government does it to you, right?
If this is true, or even if it is only half true, the
Stupid Party (Repubicans) should launch an all out media blitz now. I am glad I rolled my 401K into my IRA account.
And YES Zero & his band of thieves are that SUPID!
you should know, you bought it
Does anyone know the purported logic behind the taking of 401K funds for any purpose, especially to prop up unions?
I always wonder when something like this comes up - what on earth prompted even the idea behind it?
The next step before hyperinflation is the taxation of 401k plans that then seizure with the claim that the government is just “borrowing” it.
Yes, and the two likely R wins over appointees means seating two more Rs immediately, so it would be 57-43 until January and the new congress.
“Cant Senate Republicans filibuster anything that comes down in a lame duck session of Congress? “
Only if there is political will. I suspect things like HCR get passed because the opposition secretly doesn’t mind. In HCR that’s a huge transfer of wealth and power to the political class. If you’re part of the ruling elite, what’s not to like? And if you have plausible denyability when it’s passed, that’s a double bonus!
I never forget that Republicans are politicians too.
Additional to that there are Democratic Senators who will be up for election in 2012 (like Bill Nelson of Florida) who simply are not going to commit political hari-kari for the 'bamster.
The money is at risk of being lost to the corrupt crooks on Wall Street and the government can better manage the money in Social Security and provide people the safety and stability they are demanding for their retirement.
Heading into lame-duck hell.
Under either scenario the GOP will have enough votes to filibuster anything the Dems try to do during a lame duck session.
And if the GOP doesn’t, there will be **** to pay.
Personally, after we see how badly the Dems lost in 2010, I think enough Democrat senators up for election in 2012 that will thinking about their own skin and refusing to go along with these extreme proposals.
IMHO, the hard working farmers have been paying so much attention to work they neglected politics.
They didn’t realize the “party of the little folk” had taken a hardleft turn towards socialism and even a touch of tyranny.
I meet a lot of them here in FL, retired. They vote Democrat reflexively, for the unions and out of outdated opinions (”My family was always a Democratic family!”).
Obama is busy educating them. I cannot tell you how many friends I have in their forties and such, who have told me they cannot get their parents to vote anything but Demo even though the families are conservative through and through.
Obama is actually changing that. It’s great to see.
I know the Democrats are stupid but they are not suicidal. No way this happens. A bunch of talk.
“the hard working(and SOME of them don’t work so “hard”) farmers” don’t by in large re-elect “Commie-Tommy” The Dumb Ass POSs in DSM, Ceder Rapids, Waterloo, Davenport, Iowa City, Ames, Ceder Falls do.
The libs have been talking about this for a while. They know their system doesn’t work unless they get into everyone’s candy jar. I’m sure it’s their plan.
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