Look Missy, I am not a Dude. And the date of the news story is today. And here is a picture of the looney tune Teresa Ghilarducci
Posted on 11/05/2008 6:39:05 PM PST by AmericanMade1776
RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.
Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly.
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. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
(Excerpt) Read more at carolinajournal.com ...
The “success” of the War on Drugs ought to put to rest any notion that this government is capable of controlling any kind of product sales very effectively, when enough people (and it’s not a large number) decide that the rule of law doesn’t bear any relevance to their lives.
The model was the Lenin October Revolution.. Which followed Marx well. Now we have that mentality in power. People are gonna be shocked at what they see happening with their vote before long.
I'm thinking platinum might be a better bet. High intrinsic value, but "under the radar".
Lets force the government retirement system do the same thing. Or do the PC redistribution of government pensions. Hell, I don’t care how much it inconveniences them. We can move thrir retirement age to 300 years old and solve any problems!!!
I’ve got a friend that just bought 4k ton of pellets (for burning). Good as gold when you live in new england. A word of caution: you need to own a large warehouse if you are going to invest in pellets :-)
Oh, those people that had their savings in dollars a few years back, well, the gov just changed it to pesos overnight and they just ruined tons of families.
Yeah, that is what is coming, makes me think back when I studied the Constitution to be a good American and moved here, now I am abut to re-live my youth!!!
They'll simply find a way to blame Bush/the Republicans and it will be all right with his zombie followers.
Look Missy, I am not a Dude. And the date of the news story is today. And here is a picture of the looney tune Teresa Ghilarducci
“What’s the over/under on how quick they’ll go after gold if I cash out?”
Guess that depends on how much lead you have to protect it ...
bookmark
Rah Rah dimRATS....
take the money and screw Big Business
If Obama can’t do it Biden can...
Rah Rah dimRATS
Soak the Rich and tax the workers...
If Biden can’t do it Pelosi can...
Rah Rah dimRATS
if the cats run out of money take their assets
if Pelosi can’t do it Reid can...
and so on down the list of ComRATS
This will spark an armed revolt. If they do this, this country and this congress will cease to exist in this lifetime. There will be nothing left of the Capitol. hundreds of millions of Americans will burn it to the ground, with the democrats in it
Socialism has bankrupted the country
Our national debt can’t be maintained
You ain’t seen nothing yet
“So freakin’ scary I can’t even process it. WHERE IS THE OUTRAGE?”
WEBSTERS DEFINITION OF SOCIALISM: 1. Public collective ownership or control of the basic means of production, distribution, and exchange, with the avowed aim of operating for use rather than for profit, and of assuring to each member of society an equitable share of goods, services and welfare benefits.
2. The doctrines, practices, etc., of those advocating this system.
I still have my 401K from a previous employer. Managed by Fidelity, with generous investment options as far as choosing instruments.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.