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Republicans Sound Alarm on Administration Plan to Seize 401(k)s
Human Events ^ | May 4, 2010 | Connie Hair

Posted on 05/04/2010 7:43:39 AM PDT by ConjunctionJunction

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To: Outlaw Woman
This confiscation will be swallowed...with only a few screaming...and those screams will fade just like in the health care

I really don't think so. Stuff is going to blow up. I guarantee it.

121 posted on 05/04/2010 9:52:46 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: EyeGuy
I honestly see no other way out.

Not there yet but I am trending that way

122 posted on 05/04/2010 9:55:08 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: Travis McGee

My arms are NOT digital!


123 posted on 05/04/2010 9:55:16 AM PDT by G Larry (DNC is comprised of REGRESSIVES!)
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To: Matchett-PI
***inflation and/or HEAVY taxation***

Oh, yeah... As I have taught my son, the NUMBER 1 mode of oppression throughout history is TAXATION! Robin Hood didn't fight the Prince and the Sheriff of Nottingham because there was too much traffic on the forest road!

124 posted on 05/04/2010 9:59:50 AM PDT by Bob Ireland (The Democrat Party is a criminal enterprise)
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To: stevie_d_64
The secret may lay in NOT having a 401K plan for them to monitor and pillage...

Which is exactly why I refused the automatic enrollment into our company's 401k plan. I'm taking care of my own retirement funds and although they are not collecting interest, they are still under my complete control and the government can't touch it.

My only worry is hyperinflation, and I'm about ready to start converting some of my savings into precious metals that will not be within the governments reach.
125 posted on 05/04/2010 10:00:01 AM PDT by Pox
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To: Travis McGee
Entire sections of the USA could look like Bosnia X10.

First the urban cores will burn. Then it will come down to survival issues for the urban masses. If the mobs can find food and shelter inside the greenbelts the violence will peter out; but if they can't, they will target the 'burbs and farms. It won't be Bosnia then, it will be Zimbabwe.

126 posted on 05/04/2010 10:00:45 AM PDT by jboot (Let Christ be true and every man a liar.)
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To: concerned about politics

They are still are still “voting” for it but they are too stupid to realize. If you watch TV, if you pay for cable or Sat TV - then you support him.

On TV - the majority of channels are owned by Disney (ABC), Viacom (CBS), CNN (Time Warner), NBC (General Electric scum company) or Fox/Saudia (News Corp- Saudi Arabia -Murdoch). 90% of the channels are owned by these companies including sports channels.

Every month your sat Tv or cable bill sends $3 to 4 to each one of those networks. So if you have TV service - you are supporting Obama. You are supporting news telling people the bomber in NYC was probably a white Tea Party guy.

Every day you turn on your TV - you support Obama.


127 posted on 05/04/2010 10:01:13 AM PDT by Frantzie (McCain=Obama's friend. McCain/Graham = La Raza's Senators & Estefan-Rubio)
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To: Tolerance Sucks Rocks
Knowing that it was going to pass anyway, the republicans had no problem voting against it (imo). That may be harsh but I believe it to be true. Yes, there are some solid republicans but they are in a minority. The others continue to sell the country out.

I'm sorry that you have relatives that voted for the marxist; but all people including our relatives deserve all of this if they voted for marxism. Ignorance is not a defense.

128 posted on 05/04/2010 10:04:28 AM PDT by Outlaw Woman (Control the American people? Herding cats would be easier.)
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To: Travis McGee

Yup. A couple years back we a hurricane took out the city water here in NoVA. It was only for a couple days, but the run on water was intense-you could see primitive survival instincts switching on. Thank God the stores did not run out of bottled water.


129 posted on 05/04/2010 10:04:50 AM PDT by jboot (Let Christ be true and every man a liar.)
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To: Jewbacca
I am not pointing a finger at you, but your post gave me a chance to point something out. First the idea that 51% of the population pay no taxes is a fallacy. Everyone pays some form of taxes. But lumped into the 47% who pay no FEDERAL income taxes are people like me. I am retired military, I pay a minimal monthly fed income tax, which is less than a family of four would spent at McDonalds. (Assuming they are not buying off the dollar menu). I pay no state tax as a retired veteran and my disability is all non-taxable income. I am having the same difficulty finding a job that many others are experiencing so my retirement and disability is about 75% of our income. They are millions of retirees, disabled individuals, vets and non-vets that no longer pay taxes to the Fed.

Quite frankly we do not want your money, your 401K, and I want Wall Street to prosper although I never tied my retirement to them. (I am horrible with money, war seemed an easier option than investing)

Whenever people mention the 47% who do not pay federal taxes, it is assumed we are all “free riders” on society. In fact many of us have, and at least in my case will again, pay my fair share in federal taxes. In that 47% are WWII, Korean and Vietnam vets (and some Desert Storm types). You also have many wounded warriors from the war on terror who may temporarily or (unfortunately)permanently will pay no taxes. I am sure if asked all of them would prefer to pay taxes to their current travails. Lest anyone forgets, our vets while in Iraq and Afghanistan also pay no federal taxes on their income. That old man sitting on the porch who worked until he could no longer keep a job, has trouble walking, breathing and just wants to enjoy his grand kids in his closing years, is he a now a free loader after years of paying his taxes?

There is a percentage of our society that are “free riders,” leeches who live off our hard work and want more of their fair share. Many were wearing those Kenyan “Hope and Change” shirts a back in 2008. It is convenient for the Kenyan Regime to lump us all together into the 47% who pay no federal tax. In 2006 12.4% of the population fell in the retirement range, there were around 2 million military retirees in 2008, that is less than 1% of the population. Some of those fall into the 12.4% others do not because military can retire as early as age 38. In 2007 12% of the population was considered severely disabled. Not including retired vets under the age of 65, that 47% is easily cut to 23% or less of the population who could qualify as “free riders”, living off the government. (annual growth of retirement population is .09%) There may be other reasons why people are not paying federal taxes. These numbers were quickly obtained, but it is obvious why the Kenyan wants to lump all these groups into one, it provides cover for his largest constituency, the “free riders” in this country.

When people on this site criticize those 47% who pay no federal taxes, they are lumping allot of good honest hardworking or severely disabled people in with the leeches in this country. Again, this is not directed at you, just gave me a chance to vent.

130 posted on 05/04/2010 10:12:36 AM PDT by OldGoatCPO
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To: Matchett-PI
OOOPS! Here's CNN's story on Teresa Ghilarducci [with a (yuk) picture of the terribly concerned Marxist!]
131 posted on 05/04/2010 10:18:59 AM PDT by Bob Ireland (The Democrat Party is a criminal enterprise)
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To: G Larry

Your 401K is invested in steel, copper and lead?


132 posted on 05/04/2010 10:19:53 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: ebshumidors

Yes, they did and they also seized all the safety deposit boxes, too. I just read a book (SURVIVING THE ECONOMIC COLLAPSE) written by Fernando Ferfal Aguirre. He writes about what he experienced and learned to cope with when the economy in Argentina collapsed in 2001 (still in bad shape). The book is an excellent resource full of practical, real life advice in dealing with a totalitarian government.


133 posted on 05/04/2010 10:22:16 AM PDT by Natural Born 54 (FUBO x 10)
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To: OldGoatCPO
23% or less of the population who could qualify as “free riders”,

I'd say more like 30%. These are the hard core leftists. They never sway, no matter what, because their life line depends on it. They've never worked an honest day in their lives, yet everything is paid for via tax dollars. That includes endowment for the arts as well as once a month regular support checks. Their minds are completely welded closed.

134 posted on 05/04/2010 10:23:17 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: ConjunctionJunction
Hmm. Sounds like it's about time to cash out the 401k, pay the penalties and taxes, and invest it all myself.

Anyone have a recommendation on public companies that produce lamp posts and rope?

135 posted on 05/04/2010 10:24:13 AM PDT by LTCJ (The Constitution; first, last, always.)
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To: Travis McGee

I was responding to the comment that before they steal your money, they will disarm you.
I was saying....no they won’t!


136 posted on 05/04/2010 10:30:04 AM PDT by G Larry (DNC is comprised of REGRESSIVES!)
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To: PeterPrinciple

The reality is that we might as well accept it
________________
Uh no, the reality is take it out, pay the penalty and don’t accept it.


137 posted on 05/04/2010 10:30:14 AM PDT by mojitojoe (banking institutions are more dangerous to our liberties than standing armies. Thomas Jefferson)
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To: highlander_UW
Why is it that the only industriousness liberals have is work to destroy America? Libs need to get a job...idle hands are the devil’s playground...and if that’s true, then libs must have the most idle hands in history.

Good points. RAT bastard socialist demoRAT pigs! The only thing they do is look for more ways to bankrupt & destroy our country. We need American Revolution II to throw these pigs out & into prison or to the gallows for high crimes & treason against the U.S.

138 posted on 05/04/2010 10:32:32 AM PDT by rcrngroup
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To: ConjunctionJunction

This is what we call “Fascism”....


139 posted on 05/04/2010 10:33:22 AM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: ConjunctionJunction

If this happens, you realize that the next step is seizure of IRAs, and then your stock portfolio, don’t you?


140 posted on 05/04/2010 10:33:30 AM PDT by pabianice
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