Posted on 01/06/2021 6:01:32 AM PST by DIRTYSECRET
Not for long. The debt is $30 trillion and there's $33 trillion in our plans. If we couldn't win Georgia Trump's stolen argument is without air. The rats will have 2 years to do their thing. I'm too old to go out and protest or send money to the Kelly Loffers out there and the younger generation is all woke. They will proudly take us out.
We didn't win Georgia BECAUSE IT WAS STOLEN. What about that don't you understand?
Trump, you idiot, GOT more votes than any incumbent in histor BY FAR. It was the mail-in ballot scheme and rampant voter fraud that cost him and, likely, the Perdue and Loeffler, the election.
Trump won 18 of 19 bellwether counties and Biden a record low 17% percent of the counties. This election was lost due to ballot stuffing in Philadelphia, Detroit, Milwaukee and Atlanta. And, that is going to continue to happen unless something is done to stop it.
If you don't recognize what the real problem is, Republicans will never win the Presidency again. Telling to go out and vote when they did is utterly stupid in record numbers is MOROIC.
When they come yhey have overwhelming force, i go out with my favorites in hand. It is coming.
There was talking of this during the end of Bush’s term. Then again under Zero. Yes. They will be coming for it. For our own good of course. Just a matter time.
I totally understand. It’s the “Live free or die” thing, and I agree.
“600 more votes for Kelly Ayotte the last time around would have made the difference today but then who cared enough? That’s why I’ll stand up for Susan Collins but not Murkowski.”
*********************************************************
Well, like many Republicans, Ayotte was partially defeated by the presence of a LOSERTARIAN candidate (12,988 votes) on the ballot that merely helped the DemocRAT.
Argentina did that TWICE-—
And they are broke again....the stage is set for the third round of that confiscation.
How dare you, sir!
Histrionics is the order of the day, and YOU will by hysterical, and engage in hyperbole!
Got that?!!!?!?
Don’t hold your breath...
They spent the last 4 years preparing to steal your VOTE...
AND SUCCEEDED.
Why would they stop there??? They can steal your 401 funds & other savings ELECTRONICALLY.
Old saying:
You can pick cotton only once in a season.....................
39 million background checks for firearm sales in 2020. And in my family, i know of 5 purchases from private individuals. Many firearms out here in america. Interesting trivia, Winchester made almost 1 billion model 94 leverguns in 30-30 before going out of business. That is just one model.
Judicial Watch has the backing of the USSC in cleaning up the voter rolls. After this election, IMO, they will do so in steroids.
As usual, the Dems went a GIANT step too far.
“Why isn’t this labeled “vanity”?”
We lost the USA last night and you’re worried about “why isn’t this labeled a vanity”.
Sheesh...
Tanning bed?
Some of that prayer needs to include:
Praise The Lord-—And PASS the Ammunition.
We lost the USA on November 3, 2020 and yes, I am distraught over it.
1973: Biden seated in the Senate, GDP = $1.42 Trillion, Debt = $458 Billion. Debt per citizen = $2,128.
1974: The Debt / GDP ratio reaches its lowest point post WWII at 31%
Timestamp 2008: GDP = $13.6 Trillion, Debt = $9.6 Trillion, Debt per citizen = $31,750
Debt / GDP ratio = 70.5%.
Oct 2008 “Will you be writing of alternatives to 401ks in light of articles intimating the House is interested in the idea of nationalizing 401k assets?”
“I’ve seen the phrase “nationalizing” retirement money in a number of different contexts. Still, this rumor seems to be getting some play for a number of reasons. For one thing, the list of “unthinkables” that have actually happened is long and growing.”
“That said, there are good reasons for wondering whether Wall Street should manage any of our long-term retirement savings funds. Put somewhat differently: Is the 401(k) plan, which has become the main retirement savings vehicle for the American worker over the past three decades, a mistake? I think the case for rethinking the 401(k) as a pillar of retirement savings is compelling.”
https://www.marketplace.org/2008/10/27/nationalizing-401k-assets/
May 2010 “Obama Administration Plans to Seize 401(k) Retirement Accounts”
“One aspect of a new and improved federal regulatory scheme is the seizure of 401(k) retirement plans and the subsequent government-administered disbursement of the funds. In Chapter 3 of the Annual Report on the Middle Class released in February by Vice President Biden and the White House Task Force on the Middle Class, the Obama administration calls for enhancing the “retirement options” for the middle class by imposing “new regulations to improve the transparency and adequacy of 401(k) retirement savings.”
https://thenewamerican.com/obama-administration-plans-to-seize-401k-retirement-accounts/
Timestamp 2012: GDP = $14.9 Trillion, Debt = $ 14.7 Trillion, Debt per citizen = $47,300
Debt / GDP ratio = 98.7%
Dec 2012 “Watch Out: Your 401(k) Is Being Targeted”
“Why would Congress and the president target retirement savings plans?”
“The answer, to paraphrase bank robber Willie Sutton, is because that’s where the money is.”
https://www.forbes.com/sites/nextavenue/2012/12/29/watch-out-your-401k-is-being-targeted/?sh=4d3825b3b8d7
Jan 2014 “Obama Creates New Retirement Account: MyRA”
“PRESIDENT OBAMA WILL use his executive authority to create a new type of retirement savings account, the “MyRA”. “I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA,” Obama said in his 2014 State of the Union address. “It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in.” Here’s a look at how the MyRA will work..”
https://money.usnews.com/money/blogs/planning-to-retire/2014/01/29/obama-creates-new-retirement-account-myra
July 2015 “It’s Not If But When the Government Seizes Private Retirement Savings”
“The scheme would go like this. The government would deposit $600 into your GRA and each worker would in turn deposit 5% of each paycheck into the account. In return, the government will magically guarantee a 3% tax-deferred return on these assets from who knows where because you know there will be no lockbox and they will spend the money just as they have with social security. It would be forced savings. Anyone refusing to cooperate would suffer additional penalties and taxes on any withdrawal of their savings from retirement funds. They would be mandated into investing a minimum amount in U.S. Treasury debt.”
“In summation, Secure Choice Pension and Government Retirement Accounts (GRAs):
Automatically take away 5% – 6% of your earnings and put it into a pooled GRA.
Your tax refund checks will be automatically put into the pooled GRA – you won’t see a tax refund check again.
Your unused vacation pay will convert to income and it will be put into the pooled GRA.
The funds in your current retirement account will be converted to “longevity annuities,” which wouldn’t make payments until you’re very old.
Once you die, your uncollected equity becomes the property of the government.
The guaranteed 3% return won’t keep up with inflation.
https://www.independentsentinel.com/retirement-socialism-usa-government-seizes-private-retirement-savings/
Timestamp 2016: GDP = $18.4 Trillion, Debt = $19.2 Trillion, Debt per citizen = $59.400
Debt / GDP ratio = 104.2 %
Feb 2016 “Here’s why (and how) the government will ‘borrow’ your retirement savings”
The Federal Reserve has conjured an astonishing amount of money out of thin air in order to buy a big chunk of that debt. But even the Fed has limitations. According to its own weekly financial statement, the Fed’s solvency is at precariously low levels (with a capital base of just 0.8% of assets). And on a mark-to-market basis, the Fed is already insolvent. So it’s foolish to think they can continue to print money forever and bail out the government without consequence.
https://www.sovereignman.com/trends/heres-why-and-how-the-government-will-borrow-your-retirement-savings-18679/
Mar 2016 “Is 401k Nationalization a Possibility?”
“Once thought an impossibility, 401K nationalization is looking more likely as a tool for both the Federal government and corporations to cover wasteful spending and rampant corruption.”
“The combination of building national debt and underfunded needs at both the federal and corporate level means lawmakers and corporate management are going to be scrambling to find money to fill the coming gap. And that is when 401K nationalization will become a reality.”
https://www.401krollover.com/401k-nationalization-possibility/
Jan 2017 “Government Takeover of 401k - Conspiracy Theory or Reality?
One simple look at the numbers and a motive is easy to surmise. The U.S. Federal Government is over $19 trillion in debt. Americans have over $24 trillion in retirement assets. The short answer is yes – money is the motive.
https://redstate.com/diary/irish067/2017/01/18/government-takeover-401k-n236165
June 2017 “U.S. Retirement Assets Reach $26 Trillion”
“By the end of the first quarter of 2017, U.S. retirement assets amounted to $26.1 trillion, according to the Investment Company Institute (ICI). That’s a 3.2% increase over where things stood at the end of last year. Furthermore, says ICI, those retirement assets constituted just over one-third of all household financial assets.”
https://www.asppa.org/news-resources/browse-topics/us-retirement-assets-reach-26-trillion
June 2018 “Obama’s Retirement Fail”
“A Social Security check often isn’t enough on its own,” Obama said. “And while the stock market has doubled over the last five years, that doesn’t help folks who don’t have 401(k)s.” His idea was to create a risk-free, government-administered savings account that any American could start easily. His announcement came as a surprise even to Washington’s retirement wonks, watching from offices, bars and living rooms. The American retirement crisis was, and is, a topline worry for many policymakers, but they hadn’t been briefed on any plan, or even heard of the myRA. “It came up in the State of the Union speech with almost no heads-up..”
“On July 28, 2017, the Treasury Department, now led by Secretary Steven Mnuchin, quietly announced that it was shuttering myRA”
https://www.politico.com/agenda/story/2018/06/07/myra-save-for-retirement-obama-program-000662/
Timestamp 2020: GDP = $21,200 Trillion, Debt = $27,750 Trillion, Debt per citizen = $83,900
Debt / GDP ratio = 130.5 %, all time high.
April 2020 “Will 401(k)s Be Nationalized?”
“Amidst all the glee over Congress’s $2 trillion “stimulus” package, an important and relevant question naturally arises: Will the federal government end up nationalizing and confiscating people’s retirement accounts to pay for the ever-burgeoning expenses of the welfare-warfare state way of life?
https://www.fff.org/2020/04/02/will-401ks-be-nationalized/
Dec 2020 “How large is the IRA market?”
“Totaling $11.3 trillion in assets at the end of September 2020, IRA assets represented more than one-third of the $33.1 trillion US retirement market.”
https://www.ici.org/faqs/faq/Individual-Retirement-Accounts-(IRAs)-FAQs/ci.faqs_iras.print#:~:text=Totaling%20%2411.3%20trillion%20in%20assets%20at%20the%20end,in%201994.%20How%20many%20US%20households%20own%20IRAs%3F
Timestamp Now: The GDP has grown 15 Xs in size since Biden arrived in DC in 1973.
The Debt however has also grown, 60 Xs in size or four times the rate of GDP growth.
The share for each citizen of the debt since Biden’s arrival has gone from $2,128 to $83,900.
2025 – US Debt to GDP ratio is predicted to increase to 198%. US Debt per citizen is predicted to increase to $142,108.
“We’ll go through the gate. If the gate’s closed, we’ll go over the fence. If the fence is too high, we’ll pole vault in. If that doesn’t work, we’ll parachute in” – Pelosi.
I apologize for being snippy.
Yes, I’m distraught also.
(Funny...a neighbor just called me while I was typing this. He and his wife are torn completely up. They’re in their late ‘70s. I couldn’t console him...just did not know what to say.)
I am horrified by what is happening in our country.
I’ve been horrified since about 1992.
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