Posted on 11/10/2008 11:52:55 AM PST by ignorancerunsrampant
http://www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html
After thought ... Wall Street has take 60% of my 401K ... CONgress has taken 100% of my Social Security
They’ve already raided my IRA. I’m not a happy camper these days.
LOL
I already moved my money.
I expect bad economic times, but now the media will be positive and supportive of all decisions since after all, he’s their darling. Chris Matthews summed it up well a few days ago.
Start calling your mutual fund company and ask them what is going on. Or call your plan administrator. Start building the anger against Dems. The House Dems will hopefully overreach and then go to war with Obama. The more infighting they do the better. If this gets close to a reality, which I doubt, check into rolling into an annuity. I doubt the Dems will want a fight with the insurance industry.
Obama’s friend owns a decent size mutual fund company in Chicago. This would hurt his business.
Start calling your mutual fund company and ask them what is going on. Or call your plan administrator. Start building the anger against Dems. The House Dems will hopefully overreach and then go to war with Obama. The more infighting they do the better. If this gets close to a reality, which I doubt, check into rolling into an annuity. I doubt the Dems will want a fight with the insurance industry.
Obama’s friend owns a decent size mutual fund company in Chicago. This would hurt his business.
Start calling your mutual fund company and ask them what is going on. Or call your plan administrator. Start building the anger against Dems. The House Dems will hopefully overreach and then go to war with Obama. The more infighting they do the better. If this gets close to a reality, which I doubt, check into rolling into an annuity. I doubt the Dems will want a fight with the insurance industry.
Obama’s friend owns a decent size mutual fund company in Chicago. This would hurt his business.
Economic Policy Institute
New School for Social Research
Says it all.
I can’t understand how they can “take” my private property (401k)? I’ts like taking someone’s stock portfolio, 529? savings for college, cd’s (money not music).
This would be unprecedented. The Constitution prevents this type of perversion.
Since the Govt. stole the Social Security money. . .they have to Steal again to put money back.
Before Pelosi and Congress can “ACT” on this Americans who see it coming can withdraw the 401K dollars at the 10% penalty rate.
Rob the Government to pay Paul, before Paul gets robbbed by the Govt.
The KING can be thwarted using the laws of the land before the king can get a slow moving Congress to change the laws......No fast/Immediate Edicts from Rulers in the USA....sorry BHO ....not so fast fundamental Transformation
>Obama’s friend owns a decent size mutual fund company in Chicago. This would hurt his business.
But the first three letters of business are BUS. ;)
I am also cautiously skeptical that Dems will really go after 401(k) plans. Some far left loons in Congress are talking about it, but so far I haven't seen any solid evidence that most Democrats agree with them. I hope I'm right.
Pardon the rueful chuckle. Since Kelo, there's no longer any such thing as 'private' property. You are owned lock, stock, and barrel by the State to be disposed of as they see fit.
The Constitution prevents this type of perversion.
The Constitution prevents nothing. "Prevention" is up to you.
L
They will just structure the tax system such that you must do what they say, or pay.
“The power to tax is the power to destroy” is a lesson oft-quoted by Marxists.
!!!!!WRONG!!!!!!
The Constitution certainly seems to prohibit that type of "perversion", but prevent? The Constitution prevents nothing ... only force prevents bad actions.
The Constitution prevents this type of perversion
it is obvious that he or the left wacko dems care less about the constitution.
The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism.
This is not new news but cold 17 times refried rancid old news. The whole story, every single f'in booring time, goes back to this one leftist professor's testimony before a committee hearing. If you post this crap one more time, credulous about the statements of one witness, you should be sentenced to 200 hrs of listening to congressional testimony. That will cure you of ever paying any attention to anything ever said in congressional testimony ever again.
I would like to see them try it. If they did and the Republicans were smart enough to take advantage of it, the ‘Rats would lose the House and the Senate in 2010.
This would be unprecedented. The Constitution prevents this type of perversion.”
You don't get it. “They” can do what ever they want. This government no longer follows the Constitution. Once you get away from that, there is no rule of law.
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