The Obama Retirement Trap Has Started

Whiskey and Gunpowder,The Independent Investors Guide to Gold,Commodities, Profit and Freedom ^ | 11th February 2010 | Ron Holland

[Go Gordon]

Bump for later

[1COUNTER-MORTER-68]

LOL,,,Good One...;0)

[Marine_Uncle]

I already had responded. But thanks. Things taint looking to good.

[El Gato]

As the United States moves into a new decade of military overreach abroad

What over reach? We'd have plenty of assets to fight those who are determined to kill or enslave us all, if the politicians weren't diverting that money to "bridges to nowhere", buying failed companies with sweet deals for the union buddies of the 'rats, and any number of other "rat holes". Defending the country is the main responsibility of the federal government. Paying for that is an expressly delegated power of Congress.

See Article IV section 4 and Article I section 8 where Congress is delegated the power to:

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

O'bummer has pulled a slight of hand, IOW he's lying again. He'll claim he increased the defense budget. Yes, the top line numbers show a small increase, and the "base" budget(without war costs) and even larger one, but the ammount of the increase, with war costs, was less than inflation, and the amount allocated to the "contingency operations" went down far more than the cost of those operations.

But, here is the bottom line: Defense Outlays ($B): FY09 $551.1 FY10 $524.8.

Plus, that is in "current" or "then year dollars" taking inflation into account the FY09 amount was $560.5 in FY10 dollars. Thus, in real terms, outlays have been reduced (or will be) by about 6.4%.

Numbers for the budget authority (with war costs) are: FY09 654.7 FY10 $663.7 FY09 in FY10 dollars $665.8.

So even budget authority represents a slight decline. But that 6.4% in outlays is really starting to pinch.

Source includes even more information, including other years' budget information.

[ntnychik]

Thanks for the ping. They seem to have a new insidious plot each and every day.

[Mr. Jeeves]

I was like: This poster can’t be serious!

Bottom line it, Sarah

Bottom line: money in a tax-deferred account does not belong to you - it belongs to the Federal Government until you pay taxes on it. They can do whatever they want with "your" 401K or IRA.

[stephenjohnbanker]

GREAT POST !!

[PeterPrinciple]

Still, you should consider the offshore diversification and global investment strategies to protect your personal and retirement benefits from the coming dollar collapse.

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Diversifying into other problem areas helps? I don't see any ports in the storm that is coming..............

[sport]

There won’t be. That is the only thing that is saving us now. By and large, the rest of the World is in the same shape we are in.

[sport]

Mark

[PLMerite]

“Bottom line: money in a tax-deferred account does not belong to you...”

That is a very scary way of looking at it, but one the gov’t could exploit.

Tks.

[Las Vegas Ron]

Phase IV-Fascism meets the Second Amendment. Goodbye Fascism

Needs repeating over and over..!

[Candor7]

I don’t see any ports in the storm that is coming.............. >>>>>>>>>>>>>>>

You are not looking hard enough.

http://www.sovereignsociety.com

[PeterPrinciple]

Step 1. Move Your Assets to Safer Havens
Where There is Enhanced Protection for Wealth
Some of the most popular wealth havens include:

•Switzerland, Liechtenstein, and Austria in Europe
•Panama and Uruguay in Central and South America
•Hong Kong and Singapore in Asia
•Dubai in the Middle East

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yep, dubia in the middle east is a very safe place to store my wealth.

As it said, there is no port in the storm. Anyplace you land has just as much risk.

[Candor7]

LOL.

Canada is pretty good.

[Candor7]

I think what the article means is that Obama will be foreced to over reach. He will leave us vulnerable, suffer attack, AND THEN overreach.Most wars thet the USA has been in usually involve a weakness period brought about by the Dems, so that the dems are forced to go to war in response.

The Obama over reach is about to happen with Iran.s attack perhaps, or maybe China's .Who knows?

But Obama will have us iin a war yet, wher our whole nation will have to be on a war footong. This is actually where his lack of success is herding Obama.

[sheik yerbouty]

0bama is not a socialist. He is a fascist, more specifically, a national socialist, which means he will merely control the actions of large businesses. Even that is a means to make America subject to Islamic rule in the future..

[Emile]

Bump