From Western Center for Journalism: Full Steam Ahead On Obama’s Theft Of IRA’s And 401k’s ...."Linda and my daughter both want to know what the Obama administration intends to do after January 1. Is the national media so distracted by fiscal cliff hype that news concerning the potential federal theft of countless trillions from American citizens will not be forthcoming prior to January 1st?"
Obama going after your 401k’s and IRA’s Fear this man.
Others disagree emphatically with this: "This is a really stupid article, and posting this thread requires a complete failure of rational processes.
" This was a hearing to collect viewpoints on why Americans aren't saving as much as they probably should. The idea that the government is considering eliminating IRAs and 401k plans is absurd; the idea that they're actually on the verge of "confiscating retirement accounts" is braindead stupid.
" Seriously. You're a pretty bright person. Quit believing all this stupid bulls***."
The reply to this:
Other post-ers in this thread speak of "Wall Street" going after our money and they show a fearful ignorance of what Wall Street is. They have bought into the Obama-occupy philosophy and reveal it even while they refute conservative concerns.
I am a retired electrician, having worked with a tool bag all my career and (at present) not one of the left's despised factions in that regard. All those years my wife and I saved a good portion of our money, doing without many luxuries in order to prepare for retirement.
Much of our thanks goes to the hated "Wall Street" (In our case, Charles Schwab) for the growth of our money as their funds invested in the economy. Any wise decisions we made with our savings came from the wisdom of others who understood investing and the economy. We owe nothing to leftist academics nor to their progeny defecating in the streets and certainly not to Barack Obama.
In fact, "Wall Street's" help with our retirement has probably earned our family a place on Obama's enemies list. The Tunnel Dweller
Obama going after your 401k’s and IRA’s Fear this man.
Others disagree emphatically with this: "This is a really stupid article, and posting this thread requires a complete failure of rational processes.
" This was a hearing to collect viewpoints on why Americans aren't saving as much as they probably should. The idea that the government is considering eliminating IRAs and 401k plans is absurd; the idea that they're actually on the verge of "confiscating retirement accounts" is braindead stupid.
" Seriously. You're a pretty bright person. Quit believing all this stupid bulls***."
The reply to this:
They are talking about it. Can you deny that?
---The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a "government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation)." She proclaimed that even "private annuities are problematic."
Other post-ers in this thread speak of "Wall Street" going after our money and they show a fearful ignorance of what Wall Street is. They have bought into the Obama-occupy philosophy and reveal it even while they refute conservative concerns.
I am a retired electrician, having worked with a tool bag all my career and (at present) not one of the left's despised factions in that regard. All those years my wife and I saved a good portion of our money, doing without many luxuries in order to prepare for retirement.
Much of our thanks goes to the hated "Wall Street" (In our case, Charles Schwab) for the growth of our money as their funds invested in the economy. Any wise decisions we made with our savings came from the wisdom of others who understood investing and the economy. We owe nothing to leftist academics nor to their progeny defecating in the streets and certainly not to Barack Obama.
In fact, "Wall Street's" help with our retirement has probably earned our family a place on Obama's enemies list. The Tunnel Dweller
