President Obama's Cat-Food Future For Retirees

Investor's Business Daily ^ | 16 Jan 2012 | Editorial

[IBD editorial writer]

The Obama Economy: Americans are drawing down their 401(k)s for nonretirement needs in record numbers, just as Social Security goes bust. This portends poverty for millions as the White House fiddles. Cat food, anyone? One out of four U.S. workers with 401(k) retirement savings accounts has been forced to cash them out or borrow from them at high costs just to stay solvent. The Washington Post, citing a report from financial advisory firm HelloWallet, said the withdrawals have drained $70 billion, or an astonishing near-quarter of the total $293 billion, in America's retirement accounts "undermining already shaky retirement security for millions of Americans."

[fatnotlazy]

And with the great dictator’s enthusiasm for the UN and that one world carp, can anyone be sure that somehow he can still reach our assets abroad?

[fatnotlazy]

Makes me angry that at our ages, we have to worry about all this. I have one friend about two years away from pension, who is concerned he might have to keep working beyond retirement. He has a wife and two daughters, one of whom is disabled and dependent on him and his wife for support and care. I'm better off in that I don't have any dependents, but after working so hard and contributing to my retirement for all those years, it galds me that the government might take away what I've earned and give it to illegals, slackers, dopeheads and broads with litters of kids.

[LambSlave]

Rice, potatoes, and ramyun are a lot cheaper than most dog (or cat) food, and they taste a lot better...

[Varsity Flight]

Cat Food ? The price of catfood has doubled since the installations of all the government planted presidents, since 2001. E.g. the price of a 3 oz. can around 27-30 cents in 2001, is now 55-60 cents and higher.

All of them, ever since Reagan left office....the brainwashing/conditioning, since the planting of the government Glass-Steagal repeal scam artists presidents, continues.

[lentulusgracchus]

Their lives are burning while O’Bumbler and the Democrats fiddle.

It's worse than that. Obama and the 'Rats are the torches. Obama wants to break white America while he orders in wagyu beef and Mooch goes on $4,000,000 holidays on Air Force One. The policy is called "miserification" -- happy people vote Republican, so break their lives and presto! Instant Democrats. Especially if they're eating out of your hand -- how can they say "no" when your ward heeler tells them what the price of a bowl of rice is?

[familyop]

I’m reminded of surgeries on cats—surgeries with costs in the thousands and even tens of thousands of dollars. Even their cats don’t eat cat food. The cat food must be going to young folks, who are out of work because of collusions with foreign communist enemies to shut down our economy and nation. A large manufacturing base is necessary for big, sustainable revenues.

[machman]

In 0bama bizzaro world, those that have put off consumption and saved for their own retirement are not prudent people who have planned for their future, but greedy 1%’ers, who don’t really need the money anyway, and should be spreading the wealth around. If they won’t do it, Dear Reader will finds ways for them to finally pay “their fair share”...

[jersey117]

Same age and situation here. The though of four more years of guy makes my skin crawl.

[jsanders2001]

I think Obama is accomplishing what Bill Ayers tried to do decades ago; blow up the White House only it will be at the hands of the people that he thinks he is king of.

[subterfuge]

Remember, those with this type of savings are generally middle class and often professional and educated people.

The obama plan is to make whitey suffer....yeah, I said it.

[subterfuge]

Like the Jimmy Carter years, only worse. Before it’s over we’ll have endured and entire decade or more of ‘MALAISE’ and ‘STAGFLATION.’ These are the new normals. Resistance is futile, you will be assimilated, then crushed. Sorry.