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Keyword: gra

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  • Huge See, I Told You So from 2008: Democrats Try To Take Your 401(k)

    01/30/2014 5:00:06 AM PST · by EBH · 63 replies
    Rush Limbaugh ^ | 11/1/2010 | Rush Limbaugh
    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....
  • OBAMA’S NEW BUDGET WILL DESTROY YOUR IRA’S AND 401K ACCOUNTS…

    05/01/2013 5:21:22 AM PDT · by SeekAndFind · 32 replies
    The National Deficit, along with the lack of demand for Treasury Bonds, leaves the government with no other option!And what you don’t know can hurt you!Goldworth Financial first uncovered the early blueprint of our government’s plot to seize retirement accounts in early 2009. Since that time, we have come up with 10 Basic Questions that people have about this issue: 1. Who’s behind the plot to confiscate retirement accounts?The government takeover of private retirement accounts is a concept first drawn up by Teresa Ghilarducci, who was funded by the White House, the Ford Foundation, and the Rockefeller Foundation. President Obama’s...
  • Mark Hemingway: Unions target your private retirement savings

    11/01/2010 8:40:42 AM PDT · by Nachum · 37 replies · 1+ views
    Washington Examinier ^ | 11/1/10 | Mark Hemingway
    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...
  • New Lame Duck Threat to Bailout Union Pensions (401k threat)

    10/13/2010 1:38:09 PM PDT · by roses of sharon · 47 replies · 3+ views
    Human Events ^ | 10/8/10
    Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more "fairly" distribute taxpayer-funded pensions to everyone. Sen. Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous "Guaranteed Retirement Account" (GRA) authored by Theresa Guilarducci. In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a "fair" pension to everyone using that confiscated money coupled with the mandated contributions. ***...
  • Is Your IRA or 401K a Target of Government Appropriation? (YES!)

    05/22/2010 7:16:34 AM PDT · by Libloather · 66 replies · 2,614+ views
    Resource Investor ^ | 5/19/10 | Chris Blasi
    Is Your IRA or 401K a Target of Government Appropriation?Chris Blasi Published 5/19/2010 Will the laws and rules in place to protect individuals in their attempt to set something aside for retirement be safeguarded by the representatives elected to advocate for them in Washington? Will the principles and moral integrity of the political class keep them from appropriating the trillions of dollars held in 401k's and IRA's? I'm not so sure! While the answer is most likely yes, when one realizes the magnitude of the financial predicament the U.S. might well find itself in shortly, it is indeed, conceivable that...
  • Teresa Ghilarducci: The 401(k) Retirement System Has Failed (universal supplement needed - GRA's)

    02/01/2009 2:02:08 AM PST · by Libloather · 52 replies · 2,967+ views
    US News ^ | 1/30/09 | Emily Brandon
    Teresa Ghilarducci: The 401(k) Retirement System Has FailedJanuary 30, 2009 03:51 PM ET | Emily Brandon **SNIP** Under Ghilarducci's plan, outlined in her book When I'm Sixty-Four: The Plot Against Pensions and the Plan to Save Them, all workers who don't have a traditional pension would be required to contribute 2.5 percent of their income to a government account with a 2.5 percent employer match. A 3 percent return above inflation would be guaranteed by the government. U.S. News asked Ghilarducci about her controversial retirement plans. Excerpts: **SNIP** How will GRAs fix the retirement system? After 30 years of experience...