Has anyone heard about Obama raiding 401(k's)

[racer254]

Just read this article and I was wondering if anyone else has heard anything?
Full steam ahead on Obama's theft of IRA?s and 401k?s

[the doo dude]

Originally Posted by racer254

Just read this article and I was wondering if anyone else has heard anything?
Full steam ahead on Obama's theft of IRA?s and 401k?s

:rofl mao:


Do you believe the article and the source?

Because if so, I think you missed the article that you really should be upset about. If you had clicked on the next article there is a explaining that he is a terrorist and a KGB agent.

[Thunderstorm]

Wouldnt surprise me. They probably need more money to pay for a texting plan on their free F$%#^ CELL PHONES!!!

[zrmikemi]

Not as farfetched as it might sound. This has been around for a few years. Here's some more:

"Reports over the last couple years have suggested that the U.S. government would move to seize traditional 401k and IRA retirement accounts by rolling them into a government managed Guaranteed Retirement Account, or GRA. For the most part, save in alternative media circles, the reports have been dismissed as nothing more than an “idea” floating around.
But the bill has reportedly already been written and last Thursday, October 7, 2010, Congress held a recess hearing on the matter. The push to bailout union pensions and give more control of individual wealth to the U.S. government is underway.

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. Tom 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.
(You can find the blistering interview with Guilarducci by radio talk show host Mark Levin in 2007 at the link).
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. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
source: Human Events"

Link: Senate Hearing: Seizure of 401k Accounts May Be Reality Soon

[Rob_0t]

Yep... cmon doodie. Cantya try a lil harder to discredit? ...







Yeah i know buddy its getting tougher to rag on us as all the crazy shit we been spouting off about is happening right now in front of your eyes.... and you do try so hard to hold fast to the rod. But the truths are becoming undeniable. And yet you still hold fast to the rod. Your faith and will is commendable.

Your blindness will be your demise just the same.


Perhaps you too will see before its to late. Good luck my friend

[veedubshafer]

Only in 'merica.

[Rob_0t]

Originally Posted by veedubshafer

Only in 'merica.

Shit
Kneegrow


Were laggin way behind the rest of the communists...... fear not , for we are gaining speed mightily.

[too slow]

All i can comment on is my mother in law got a reduction in here ss checks last year after the government found out she had too many assets. She did pretty well for herself till she retired many years ago. Its not that she needs the ss money but she does give it to her favorite charities in which she felt it wasn't right for the government to readjust her income for these reasons.