Obama to propose permanent Build America Bonds

Yahoo Canada News (Reuters) ^ | January 30, 2010 | Lisa Lambert

[Cheap_Hessian]

[DoughtyOne]

More federal debt, just terrific...

[jennyjenny]

He doesn’t even know what that means or why he is doing it.

[LostInBayport]

These?

[Mobties]

AKA Bankruptcy anticipation notes.

[Roccus]

They’re gonna have to offer a pretty hefty interest rate or a scratch ‘n’ match to find buyers, I’ll bet.

[jim from nebraska]

It is not revenue neutral if the purchaser of the bonds is a tax free entity like a foundation

[c-five]

Obama zero coupon non-callable subordinated perpetual debentures.

[Da Coyote]

I’ll put purchase of those ponzi - er, bonds right after my purchase of a Government Motors crapmobile.

Heh! Obama is so very stupid. He is the epitome of a clueless lib with no real education - who’s never had a real job - but thinks he actually can figure out how a light bulb works.

[johncocktoasten]

This is another screw the rich move by zero. He wants to dry up the tax free muni market and replace it with these taxables.

[reader25]

Next step is to replace 401K/IRA money with these bonds. Initially the purchase of these bonds will be voluntary however soon these bonds will be mandatory purchase through payroll deductions. Congress has been having hearings off and on for about a year to figure out how to confiscate existing 401K and IRA funds with government bonds which will pay about 3% year in interest.

[musicman]

"He doesn’t even know what that means or why he is doing it."

I hope we don't have to ask because he starts using them as payment to us for any "tax refunds".

[maine-iac7]

do I remember them mentioning they were going to introduce these bonds and that they are going to first cajole (and then coerce) people to switch their 401K’s over?

I do know one thing. thirty years ago, as an investigative reporter, I infiltrated an organizing committee meeting of DSOC (Democratic Socialist Organizing Committee) in the very shadow of our state capitol. The lead speaker was our state senate majority leader - a ‘democrat’.

He took a card from his pocket, held it up, and began his talk with: “I, like you, am a card carrying socialist...” and then went on to outline all the tactics they had planned to “infiltrate and take over the democrat party.”

None can argue their success.

One of their “musts” was: “We MUST get control of the retirement monies.

Is this an avenue to that?

[maine-iac7]

damn - I was hoping - per my post # 13, I was wrong. Sometimes even I have difficulty believing the truly Machiavelian machinations of these traitorous Marxists. It may be time for anyone with a 401K/IRA to consider taking them out - even at a loss.

[Oceander]

AKA Bankruptcy anticipation notes.

You got spot on with that one. I wonder, does intentionally driving the nation into bankruptcy count as an act of treason?

[Rebelbase]

What an F’ing Jackass. First loot the treasury for economic stimulus funds that have been squandered then issue bonds to cover the loss.

[ronnie raygun]

Such is the life of an intelligent idiot!

[Waco]

Buy em or go to jail, right? And it will cost more to incarciate you than the bonds would have paid you, and they got to feed you.

[Oceander]

http://www.denison.edu/campuslife/museum/buylibertybonds(lincoln).gif

Just a little "editorial comment" to that Abraham Lincoln plaque, to make it reflect current reality:

[stephenjohnbanker]

“He doesn’t even know what that means or why he is doing it.”

You know what? He f’ing DOESN’T !!