Obama policies are taking your money...kinda like Cyprus...

[ScreamingEagle]

Obama's policies are taking your money through inflation...

Obama's policies are taking your money through taxation...

Obama's policies may target your money by nationalizing your retirement savings...

It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds.

The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed).

National Seniors Council Director Robert Crone warns: “This whole issue is moving forward very quickly. Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.“

Obama Begins Push to Confiscate IRA's & 401k's | SilverDoctors.com

A hearing was held in the Labor Department’s main auditorium, monitored by National Seniors Council staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.

A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a “government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation).” She proclaimed that even “private annuities are problematic.”

Democrats To Take Your Retirement Away | Funny Political Blog | Conservative Blog | USA Political Website

 

[RDD_1210]

Straight from the brain-dead conservative playbook.

Rule #76 - If something bad is happening somewhere in the world, equate that event to Obama and what he is doing in America.
*Note - Details are not necessary, just as long as you believe it and you feel it will be something you can complain about in regards to Obama

 

[ScreamingEagle]

Straight from the brain-dead conservative playbook.

Rule #76 - If something bad is happening somewhere in the world, equate that event to Obama and what he is doing in America.
*Note - Details are not necessary, just as long as you believe it and you feel it will be something you can complain about in regards to Obama

bull....this is not 'play'....these are facts...

your money in the bank is losing buying power everyday as inflation grows....is filling your gas tank costing more or less..? are your groceries costing more or less....?

your money is being taken by more taxes that always seem to wind up at the door of the consumer....like did your healthcare costs go up or down....?

explain why Democrats are pushing legislation leading to 'nationalizing' your retirement funds.....why do they now say 401Ks "benefit the rich"....? why do they already have a bill that proposes to automatically enroll employees in IRA plans....?

 

[Mr. H.]

Scary shit indeed.