Obama Going After Your 401ks And IRAs

koalabear

~Armed and Fuzzy~
Joined
Mar 14, 2001
Posts
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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.

http://beforeitsnews.com/economics-...-going-after-your-401ks-and-iras-2446654.html
 
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totally fucked! anything and everything the government touches turns into a clusterfuck.

we need to teach those in government, to just say no! Government is whacked
 
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Where they any good? Try this one.
http://www.nationalseniorscouncil.o...ent-system&catid=34:social-security&Itemid=62
 
If I recall this came up on Lit several years ago and the Libs thought we were paranoid.
 
This might be interesting if it had come from a credible source.


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.

http://beforeitsnews.com/economics-...-going-after-your-401ks-and-iras-2446654.html
 
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.

http://beforeitsnews.com/economics-...-going-after-your-401ks-and-iras-2446654.html

hopefully not! But at some point, you know they are going to take away the home deduction, sooner than later
 
If I recall this came up on Lit several years ago and the Libs thought we were paranoid.



1356look_at_this_duck-giraffe.jpg
 
Pelosi already floated the idea of requiring you to invest in a certain percentage of government bonds to make 401Ks "safe" from Wall Street. that will amount to a government seizure of that percentage of your 401K so they can waste it like they did SS and replace it with government IOUs they'll have trouble paying back later when they are redeemed.

Sounds like a solid idea.
 
Oh please...who still has a 401K? Are you honestly telling me that people have had money since the early 2000's? I call bullshit.
 
Oh please...who still has a 401K? Are you honestly telling me that people have had money since the early 2000's? I call bullshit.

why not? not sure why that's hard to believe. if you want more bullshit then please read everything from UD, Merc, RichardDailey, RobDownSouth, SeanH,SeanR, thethrobe
 
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