Posted on 09/05/2010 2:47:16 AM PDT by Lexluthor69
With the government facing an escalating crisis of debt it seems they are becoming increasingly creative (devious) with solutions.
We have reported previously on the U.S. government’s intimations that they would move to nationalize private retirement accounts (Obama’s Socialist Government Coming For Your Pension ). Now it seems that the Department of Labor and the Treasury Department are beginning to take the steps necessary to do just that.
The following excerpts come from an article entitled “US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts“:
On August 26, the US Department of Labor issued a news release (http://www.dol.gov/ebsa/newsroom/2010/ebsa082610.html). It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration.
I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans!
The US government is desperate to get its hands on private assets to help cover soaring budget deficits and debts, and this is simply the largest and easiest piggy bank that could be seized. The Investment Company Institute estimates that at the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans.
(Excerpt) Read more at silentmajority09.com ...
Freakish accident, really. Was in a dingy off the coast of Montego Bay, tryin to keep it between the navigational beacons and a killer wave started to take me away from Margaritaville. Only thing I could do is to tie a rope to the ARs and use ‘em for an anchor....damned saw-nosed shark came along and cut the rope.....I lost my ARs....and I lost my Mararitaville Buzz.....bad, bad day.
If I were going to the armory I’d ask for the 50’s
I hadn’t heard this before. Was this under baby Bush or the Rapist?
“If I were going to the armory I’d ask for the 50’s”
MA Deuce is pretty heavy by herself then there is the Tripod mount, Spare Barrels and all that ammo.
You better take six guys with you.
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