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Hearing on 401(k) plan grows to urban legend (MSM preparing people for government seizure of 401K!)
MSNBC ^ | Nov. 7, 2008 | John W. Schoen

Posted on 11/07/2008 5:33:43 AM PST by FocusNexus

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To: mewzilla

to make us to be dependent like the EU and then what a world government?


41 posted on 11/07/2008 6:03:06 AM PST by volslover
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To: Jessica2677

Bad idea, the money you put in now will buy stocks at depressed prices. This is the time to buy.


42 posted on 11/07/2008 6:04:36 AM PST by east1234 (It's the borders stupid! My new enviromentalist inspired tagline: cut, kill, dig and drill)
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To: FocusNexus

I’ve shown them that very same stuff about the hearings and they don’t want to hear it. It’s almost like there is some magic spell on them that they don’t want to be shown any thing that is contrary to their belief in Obama. It is really creepy..............


43 posted on 11/07/2008 6:05:18 AM PST by Red Badger (Hey! Look on the bright side! At least Joe Biden is out of the Senate!..........)
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To: Red in Blue PA
An ex post facto law is, in broad, a law passed on date X which criminalises a (formerly) lawful action done on a date before X.

This proposal to expropriate (and that's what it is, expropriation) pension plans is not ex post facto, because nothing is being criminalised. It's merely another case of goobermint changing the rules after the game has started.

It will also lead to armed revolt. Amazing that the Regress can't see this at all...er, on second thought, not so amazing.

44 posted on 11/07/2008 6:06:15 AM PST by SAJ
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To: an amused spectator

It’s “not fair” that everybody doesn’t have a 401(k) plan, so in order to make it fair, the government will take yours away and give it to somebody else who doesn’t have one......


45 posted on 11/07/2008 6:07:12 AM PST by Red Badger (Hey! Look on the bright side! At least Joe Biden is out of the Senate!..........)
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To: FocusNexus
The stupidest part of the dim's talk about taking away 401Ks is that instead of people saving and taking care of themselves in old age, the government would have to foot that bill.

Every year I hear from some idiot broadcaster that Americans have the lowest savings rate among industrialized countries, well talk like this certainly doesn't help!

46 posted on 11/07/2008 6:07:17 AM PST by The Sons of Liberty (In Memory of Liberty and Freedom - July 4, 1776 - November 4, 2008)
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To: Red Badger

“It’s almost like there is some magic spell on them that they don’t want to be shown any thing that is contrary to their belief in Obama. It is really creepy..............”

I observed the same thing, quite unbelievable.


47 posted on 11/07/2008 6:08:16 AM PST by FocusNexus
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To: FocusNexus
See, the plan is great: destroy the market, feed on fear, make promises of a nanny government, then you OWN THE PEOPLE.

The Democrat party:
STILL the party of slavery.

48 posted on 11/07/2008 6:08:32 AM PST by SoFloFreeper
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To: Rummyfan
There will be civil war if the Feds try to take away people's 401(k)s.

That's what I said, too. And it will be bloodier than the first one............

49 posted on 11/07/2008 6:09:19 AM PST by Red Badger (Hey! Look on the bright side! At least Joe Biden is out of the Senate!..........)
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To: Rummyfan
In addition to plundering SocSec, the government has allowed companies to plunder pensions by letting them switch from the old-style defined-contribution to cash-balance policies under extremely company-friendly accounting rules.

"Don't give the suckers an even break!" is the motto.

50 posted on 11/07/2008 6:10:21 AM PST by slowhandluke (It's hard work to be cynical enough in this age)
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To: mewzilla

“It’s about increasing the size of the dependent class.”

They have learned from Stalin:


How To Be a Good Dictator

When Josef Stalin was on his deathbed he called in two likely successors, to test which one of the two had a better knack for ruling the country.

He ordered two birds to be brought in and presented one bird to each of the two candidates.

The first one grabbed the bird, but was so afraid that the bird could free himself from his grip and fly away that he squeezed his hand very hard, and when he opened his palm, the bird was dead.

Seeing the disapproving look on Stalin’s face and being afraid to repeat his rival’s mistake, the second candidate loosened his grip so much that the bird freed himself and flew away.

Stalin looked at both of them scornfully. “Bring me a bird!” he ordered.

They did.

Stalin took the bird by its legs and slowly, one by one, he plucked all the feathers from the bird’s little body.

Then he opened his palm. The bird was laying there naked, shivering, helpless.

Stalin looked at him, smiled gently and said, “You see... and he is even thankful for the human warmth coming out of my palm.”


We are about to be plucked.


51 posted on 11/07/2008 6:10:32 AM PST by FocusNexus
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To: Red Badger
It’s “not fair” that everybody doesn’t have a 401(k) plan, so in order to make it fair, the government will take yours away and give it to somebody else who doesn’t have one......

Oh for pete's sake, stop making a virtue of being selfish! /sarc

52 posted on 11/07/2008 6:10:54 AM PST by Neverforget01
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To: Neverforget01

This is the inverse of the “Ant & the Grasshopper” tale..............


53 posted on 11/07/2008 6:12:18 AM PST by Red Badger (Hey! Look on the bright side! At least Joe Biden is out of the Senate!..........)
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To: Grampa Dave

ping


54 posted on 11/07/2008 6:14:11 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: SAJ; Red in Blue PA


This proposal to expropriate (and that’s what it is, expropriation)
pension plans is not ex post facto, because nothing is being criminalised.
It’s merely another case of goobermint changing the rules after the
game has started.

Looks like today’s Dems can’t wait to outdo Clinton’s retroactive
change to taxes on the dead.

Well, like Will Rogers said, when Congress is in session the question
is not whether the economy will suffer, but how much.
And of course, that includes personal economy.


55 posted on 11/07/2008 6:16:22 AM PST by VOA
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To: FocusNexus

This MSNBC writer is a hack for the Dems. First he says there’s no plan to take away 401(k)s, then he praises the idea. I get tired of these liberal tools trying to manipulate the public.


56 posted on 11/07/2008 6:21:04 AM PST by popdonnelly (Don't lose sight of your conservative principles.)
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To: Sacajaweau

Amazing. Seize 401Ks which are owned by individuals, but don’t touch Social Security which is controlled by the government.


57 posted on 11/07/2008 6:21:19 AM PST by glorgau
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To: VOA
''It could probably be shown by facts and figures that there is no distinct native American criminal class -- except Congress.''

-- Mark Twain

58 posted on 11/07/2008 6:22:02 AM PST by SAJ
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To: Sir Francis Dashwood
"Shariah financing... http://www.youtube.com/watch?v=fZ5LHI7m3tw "

Thanks for the heads up!

59 posted on 11/07/2008 6:22:29 AM PST by nralife (Sarah doesn't know it's a damn show! She thinks it's a damn fight!)
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To: meyer

“Apparently, in the thief’s mind, failure to steal is the equivalent of spending.”

An analogy is that of a burglar who “spends” money by not burglarizing your house. };>)


60 posted on 11/07/2008 6:24:09 AM PST by popdonnelly (Don't lose sight of your conservative principles.)
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