Posted on 02/17/2010 5:40:59 PM PST by Kaslin
I already have the option to go with an annuity at retirement. What they’re really saying is they want limit your choices to just T-bond based annuities.
Why am I not surprised.
Anytime a government sees a pile of cash, they immediately start looking for ways to get it.
I already have the option to go with an annuity at retirement. What they’re really saying is they want limit your choices to just T-bond based annuities.
This is a taking prohibited under the constitution, so I presume that Kennedy will go for it.
This would bring on a revolution.
The present administration and all who support it are thieves.
I don’t eat wagyu. You in DC can’t have the savings I have and build because you want my money.
I’ll burn mine to stay warm before I give it to a commie muslim from kenya.
LLS
Anytime a government sees a pile of cash, they immediately start looking for ways to get it.
Unless of course, it’s a big union pension plan. Then it’s untouchable, because they all earned it, unlike those rich folks with 401Ks.
It’s the only money left. I was waiting for something like this...
They are very clever. They seem to be applying more and more pressure to incite violence. Then.....martial law.
Who?
I’ll cash out, take the penalty and convert it to steel and lead.
Let me be the first to say....Norfolk-n- way.
The treasury dept wants my comments...where do I sign up to tell them to go to hell. Before I let these crooks get their paws on my cash I will take the 10% penalty and keep the rest.
Given what these characters did to Social Security, there’s no way in hell they’re getting their hands on 401Ks. They’ll have to pry it from my cold,dead hands.
If everyone hasn’t seen this coming, then they are blind or drunk. Maybe both. IRAs and 401(k)’s represent too much money that Uncle Sam doesn’t control and they don’t like that. The Dems are watering at the mouth to get control of this money in one big grab.
Hell, if they would pay off the debt, maybe I could understand it. Not like it or not fight it. But they will take this money and buy off those who blindly vote for them now.
This has been talked about for a while. Not surprised, just wondering what is next that the Fed will take?
Good thinking Slim.
Commodities are hot. ;)
I hope they pay attention....this could be the proverbial straw which breaks the camels’ back.
Heaven help us all.
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