Obama will try to seize everything you have in every facet of your life. After all, you’re not doing a good job of it. Uncle obama needs to step in and redistribute the funds in the ‘National Retirement System’ to make it ‘FAIR’.
[typography font="Ubuntu Condensed" size="22" size_format="px"]Obama Begins Push for New National Retirement System[/typography]
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.
The hearing, held in the Labor Department’s main auditorium, was monitored by NSC 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.
“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”
[typography font="Cousine" size="18" size_format="px"]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.”[/typography]
Such “reforms” would effectively end private retirement accounts in America, Crone warns. “These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system.”
Deputy Treasury Secretary J. Mark Iwry, who presided over the hearing, is a long-time critic of 401k plans because he believes they benefit the rich. He also appears to be one of the Administration’s point man on this issue.
“This whole issue is moving forward very quickly,” warns Crone. “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.”
NSC has taken the lead in warning the nation about this new government onslaught and is plotting ways to stop it.
[typography font="Cousine" size="18" size_format="px"]“This effort ultimately is designed to grab the retirement nest eggs of America’s senior citizens. This new government annuity scheme, even if it is at first optional, will turn into a giant effort to redistribute the wealth of America’s older citizens,” [/typography]explains Crone. “This scheme mirrors what I expect the President will try to do with Social Security. He wants to turn that program into a welfare program, too.”
Yep, going to try it with Social Security, which is basically retirement accounts people have been paying into their entire working lives.
Unbelievable.
He won’t just try – he will do – there is not try
if congress tried to block him he will simply whip out his poison pen and issue a decree from on high
ass hole
Doesn’t matter. He’s inflating our money away, anyhow.
Yep. And yep.
he is doing all this the hard way because he just does not have the smarts needed – all he needs to do is just one thing, have all are checks deposited in his account instead of ours and then give us our allowance as he sees fit – this way he can also punish the bad more easily -
Obama is a creature of the left, not quite bright enough to know that he is actually controlled by certain big money types like Corzine and Soros who have looted large companies and, in Soros’ case, whole economies. They are reaping billions, or more, while laughing at the poor saps who fell for their line of shit. And laughing at the rest of us who know they are destroying the last best hope on earth.
I hate the whole bunch of them, even knowing how dangerous hate is to the soul.
It’s difficult not to hate those who work to destroy us and our country.
I prefer to avoid using either term, left or right. They are both a part of the two sided lie and we are doing the dirty work for them whenever we promote the conflict it has deliberately cultivated in our society. I have a saying and I try to live by it as difficult as that can frequently be: “The Constitution has no sides and neither should we.” If someone is “taking a side” or ridiculing the “other side” they are doing something wrong. Diversity should never be celebrated without first acknowledging the Source of the Liberty that allows it to be celebrated in order to maintain (or to restore) unity and rise above this working divide and conquer strategy.
I fear, after four years of trying not to hate, that I am losing the battle as well.
We’re only human. To fight the hate battle I pray for the person I’m starting to hate. It’s hard to pray for zero. Very hard.
since big brother sees all, hears all, I am taking the fifth until they romove that option, then??
I’ve hated the bastard since he was in the Illinois state senate. And I absolutely hate all the folks not paying attention to his record (or actively covering it up) since he was there.
There’s enough hate to go around and enough assholes to hate. Sigh.
Yeah, if the Force existed I’d be tossing lightning and strangling assholes with my mind by now.
Just got a mental image…
I think I’m gonna go find me a Chicago politician for my next spouse. I’ll be covered for life.
Good luck with that!
I’d have to have an air sickness bag with me at all times.
Well, he wouldn’t want you if you continually threw up on him!
He might. But it would cost him extra
What a load of crap.
If Obama will confiscate your retirement it is problematic Obama Next will want to
confiscate Americans’ other property for the 51% that voted for him; seize Americans’ real estate and homes even if that means evicting the owners? You may recall the communists in Poland not long ago were able to rapidly organize support for a communist government by offering Poland’s downtrodden and criminals the property of well-off Polish Citizens; communist looters could keep whatever they confiscated. Homeowners were found dead hanging from their dinning room chandeliers; their homes stripped of everything valuable. Communist supporters attacked Poles cutoff the fingers of supposed well-off people to steel their jewelry. Increasingly in the U.S. there are reports of mobs taking over stores, stating, “We own this place” while taking the merchandise.
Wake up America! Obama’s ilk won’t stop with taking your retirement account;
Obama Reds want everything you have.
Private property is being seized now as we speak. It is called Agenda 21. It is a United Nations implementation of “sustainability” at the local level. They lure in those who are easily duped or swayed or bought and the people are slated to be moved into densely populated collectives, leaving the rural areas for nature to take over completely, not as the God of nature and nature’s God intended. Sixty percent of the continental US will ultimately be off limits, trespassing by humans who dare to tread there. They will be national parks expanded, the Wilderness Wildlife and anything “smart” or “sustainable” or “growth management” etc. All of it is Agenda 21 and right now we are losing fast. If you want to know more please look up Rosa Koire. Thanks.
