Has anyone heard about Obama raiding 401(k's) - HCS Snowmobile Forums

Current Events Where sometimes threads get closed... Forum for politics & mostly non-sledding related talk.Just remember posting pictures of another members family, and threatening posts involving physical harm,Name calling, insults, or personal attacks WILL NOT be tolerated.The calling out or posting of another members personal information IE phone number or address is prohibited. Sharing of private messages from site staff is against site rules and will be subject to banning from site temporarily or permanently.

 
 
LinkBack Thread Tools
Old 12-12-2012, 10:24 AM   #1 (permalink)
Super Advanced Member
 
racer254's Avatar
 
Join Date: Mar 2003
Posts: 3,143
Current Sled(s): 2010 Rush
Location: So. WI
Age: 39
Riding Since: 1979
Default Has anyone heard about Obama raiding 401(k's)

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
racer254 is offline  
Sponsored Links
Advertisement
 
Old 12-12-2012, 10:37 AM   #2 (permalink)
Super Advanced Member
 
Join Date: Nov 2009
Posts: 3,658
Default

Quote:
Originally Posted by racer254 View Post
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.
__________________
Quote: Originally Posted by maluchm
I have other forums that I frequent for my sled related topics since HCS just doesn't have the knowledge base for what I do and where I ride.
the doo dude is offline  
Old 12-12-2012, 10:57 AM   #3 (permalink)
Super Advanced Member
 
Thunderstorm's Avatar
 
Join Date: Aug 2011
Posts: 1,160
Current Sled(s): 2000 thundercat& 1999 zrt1000
Location: SE Michigan
Favorite Riding Area: Snirt roads
11-12 Mileage: 750
10-11 Mileage: 1,000
Default

Wouldnt surprise me. They probably need more money to pay for a texting plan on their free F$%#^ CELL PHONES!!!
__________________
Current sleds:
2000 Thundercat 1000 +
1999 ZRT 1000+

Past sleds:
1998 Thundercat
1998 ZRT 600
1998 zr 500 (700 hooper)
Thunderstorm is offline  
Old 12-12-2012, 11:02 AM   #4 (permalink)
Super Advanced Member
 
zrmikemi's Avatar
 
Join Date: Feb 2011
Posts: 982
Current Sled(s): '11 SP 600 XC, '01 ZR440SP XC, '12 F5 LXR
Previous Sled(s): '98 ZR600EFI XC, '96 ZR580EFI ETT
Location: Manton, MI
Favorite Riding Area: Northern Michigan
Riding Since: 1967
Default

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
zrmikemi is offline  
Old 12-12-2012, 11:27 AM   #5 (permalink)
is wielding a
 
Rob_0t's Avatar
 
Join Date: Mar 2010
Posts: 10,162
Current Sled(s): 2002 sx-r 600 ,,,, 1998 T-cat 1004 turbo .
Location: brighton michigan
Favorite Riding Area: lol every flake possible
Age: 37
Riding Since: 2007
Default

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
__________________
Kill3rBaconRacing
Rob_0t is offline  
Old 12-12-2012, 11:29 AM   #6 (permalink)
Banned
 
Join Date: Jul 2012
Posts: 457
Current Sled(s): 2002 Edge X 700 M10, 1997 XCR 600
Location: Palmerton, PA
Riding Since: 5
Default

Only in 'merica.
veedubshafer is offline  
Old 12-12-2012, 11:32 AM   #7 (permalink)
is wielding a
 
Rob_0t's Avatar
 
Join Date: Mar 2010
Posts: 10,162
Current Sled(s): 2002 sx-r 600 ,,,, 1998 T-cat 1004 turbo .
Location: brighton michigan
Favorite Riding Area: lol every flake possible
Age: 37
Riding Since: 2007
Default

Quote:
Originally Posted by veedubshafer View Post
Only in 'merica.
Shit
Kneegrow


Were laggin way behind the rest of the communists...... fear not , for we are gaining speed mightily.
__________________
Kill3rBaconRacing
Rob_0t is offline  
Old 12-12-2012, 12:13 PM   #8 (permalink)
Super Advanced Member
 
Join Date: Sep 2005
Posts: 19,056
Current Sled(s): 05 600 xcsp 50th
Previous Sled(s): All of the big 4
Location: Ct.
Favorite Riding Area: Quebec or anywhere else
12-13 Mileage: 500-600
11-12 Mileage: hardly any
10-11 Mileage: not enough
Age: 60
Riding Since: 70's
Default

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.
too slow is offline  
Sponsored Links
Advertisement
 
 

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 03:23 PM.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0