Posted on 03/23/2010 4:05:47 PM PDT by 444Flyer
One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United States.
In effect, government pensions for everyone, not unlike the European system and regardless of personal choice.
The SEIU, which was integral to the election of Barack Obama as president, is working with the left-leaning Economic Policy Institute (EPI), and the National Committee to Preserve Social Security and Medicare, on SEIU's plan, called "the Retirement USA Initiative."
Claiming that the retirement system in place now has "failed most Americans," EPI vice president Ross Eisenbrey, told a labor union publication that "account balances have fallen by a third since late 2007, leaving many older workers unable to retire just as our economy is shedding millions of jobs.”
(Excerpt) Read more at moneynews.com ...
Freepers were discussing this on a couple threads I had read, going back a year to a year and a half ago. Wish I could remember who originally proposed this idea. Was floated at the time. Now with Obama in victory mode, you better nail down your sofa cushions as even the ‘change’ under them is open to their thievery.
Do they really think they can get their hands on the other 85% peoples money without a fight to the death?
Teresa Ghilarducci
http://www.freerepublic.com/focus/news/2176111/posts
http://www.freerepublic.com/focus/f-news/2132194/posts
Targeting Your 401(k)
The Wall Street Journal ^ | 11/14/08 | editorial
Posted on Friday, November 14, 2008 10:44:12 AM by shortstop
You may have heard about Argentina’s plan to nationalize private retirement accounts. Some Democrats on Capitol Hill are inspired, and with their big election victory they may get the chance to test Peronist ideas in America.
Meet Congressmen George Miller and Jim McDermott, who are eager to change the way Americans save for their golden years. They’ll also be powerbrokers in the next Congress. Mr. Miller, who came in with the Class of 1974 from California, chairs the House Education and Labor Committee. Mr. McDermott, who has represented Seattle the past two decades, runs a House Ways and Means subcommittee on income security and family support.
http://www.freerepublic.com/focus/f-news/2132194/posts
The maoist is already on record as wanting to control a portion of your 401K. For your benefit, of course.
Some financial advisers are suggesting moving the money from the 401K to a Roth.
We are going to have to do something to protect ourselves.
They'll have to get in line behind Obama.
Why do I have to pay back my own money? And pay myself interest too. I get it, but I don’t really understand that.
Taxes of course, but still.
Thanks
She should stick to making chocolate.
Sheesh.
cashed in about 1/3 of mine last year to pay off the house. I smelled this idea coming along.
This is a second amendment issue as far as I’m concerned.
Meyer, we must be long lost twins separated at birth.
Only trouble is the better half’s IRA’s still have the penalty for a few more years.
With the dems recognizing “that light at the end of the tunnel now as being a Highball Express coming their way”, it may very require CW2 to put the brakes on these fools before “out of office in Jan. 2011” gets them away from the throttle.
There’s no way anyone in the GOP would sign on to this, (not even the Main sisters) so as long as there are 41 GOP in the Senate, we’re safe.
I have a sudden urge to buy a 50 cal.
little good....the extent the Fed is doing “quantative easing”.....ie printing money.....
wont be long you might as well burn your money.....loose no more in value than burning a week old newspaper.....
That is for real. When I joined the Army, it was still, “Kill a commie for your mommy!”. Now the commies are ruling this nation. Unbelievable how far down the hole we have gone in my lifetime.
On a talk show recently, maybe Medved, a “pastor” from Jeremiah Wright’s denomination discussed his “Biblical” view of money and how American’s view of wealth needed to change. Basically, he said that al wealth really belongs to God so we should not take a selfish viewpoint of money and instead share more with others.
I couldn’t believe what I was hearing. It was nothing less than a reassertion of the divine right of kings and the concept that all property belongs to the state. The serfs are in for a long, hard ride.
I'll see your SEIU and raise you a Colt...
from those according to their means.......to those according to their needs....
You can’t take money from your 401k until you separate from the company sponsoring the 401k.
In other words you have to quit, get laid off, or be fired.
It is absolutely incredible how powerful Acorn and SEIU grew and basically under the radar of most of us.
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