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Obama budget proposes retirement savings cap
Benefits Pro ^ | February 2, 2015 | Nick Thornton

Posted on 02/02/2015 10:45:29 AM PST by abb

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To: abb

“They have to go to where the money’s at. The meat is in the middle.”

My wife and I are in our 70’s, and we have been gnawed on by the tax suckers all of our adult lives. They are past the meat and are going for our bone marrow.

It doesn’t get any easier when you retire.


61 posted on 02/03/2015 10:05:15 AM PST by Grampa Dave (Will French, German & Belgians make anti-terror raids on our White House, AG Dept and Homeland Sec.?)
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To: Grampa Dave

Mrs. abb is about to retire. I will be eligible for Medicare in a couple of months, but she’s several years away from that. We are going through our options for insurance now. Quite a chore.


62 posted on 02/03/2015 10:12:29 AM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: abb

Fortunately, we escaped that chore, so far.


63 posted on 02/03/2015 10:19:35 AM PST by Grampa Dave (Will French, German & Belgians make anti-terror raids on our White House, AG Dept and Homeland Sec.?)
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To: abb

Just like the income tax, which was supposed to never exceed 3% when it was passed.

This is just the camels nose under the tent to establish the precedent of setting a cap.

Once that control is in place, it will be used by leftists like every other economic control - to crush their bourgeois enemies of the middle class.

Lenin said that taxation and inflation were the millstones, between which he would grind the bourgeoisie.. Alinsky advised American radicals to pretend to be for the middle class, while destroying them.

Dictators want a subservient and dependent population, not a bunch of uppity independent types with their own opinions on things, and the resources to do something about it.

That is why the left is, and has long been, closing the doors for individuals to get ahead in life, and become independently wealthy. The common paths are being shut. Doctors are becoming virtual employees of the state under Obamacare, to become actual employees under the planned future single payer. Small businesses are being choked off by regulations (a third millstone which Lenin had not envisioned). College graduates are being saddled into debt slavery by artificially high tuition rates and a nationalized student loan operation. Obamacare includes provisions to seize life savings and family homes (recover costs) after late life medical expenses, to reduce middle class inheritance.

It is no accident or misguided mistake - it is the consistent long term strategy of the left.


64 posted on 02/03/2015 11:00:09 AM PST by BeauBo
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