The Democrats who now control 2 of the 3 major branches of government are discussing the possibility of seizing the private retirement accounts of the citizens.
401Ks would be targeted for confiscation and absorbed under the Social Security Administration.
Under the guise of 'protecting citizens from the current losses in the stock market,' the Democrats would rob Americans of their right to maintain their own private or employer-funded accounts in order to place big government in control.
But don't look for them to stop there.
IRAs would also become a target of the money-hungry liberals who are now firmly in control of government.
Our 401Ks and IRAs would simply be confiscated (stolen) with or without our permission, and the money would be placed in government coffers.
Clearly, this is an example of nanny-statism at its worst as the Democrats decide that we, the peons of the masses, do not have sense enough to manage our own financial affairs, and therefore, they must step in and 'protect us' from ourselves.
My friends, those of you who voted for this gang of thugs are about to wake up from your drunken stupor and realize you are getting ready to be hosed. We ALL are going to be hosed.
My suggestion? Drop 'em, bend over, and grab 'em, because we are getting ready to be screwed.
Sunday, November 09, 2008
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2 comments:
Which is why I never participated in the 40l(k) program in the first place.
What the government giveth, the government taketh away.
Never mind the whole thing was a sham to sucker people into legitimizing a tax law that is just plain wrong. And that is only the tip of the iceberg of the 401(k) scam.
I never went for any of those either, by the time I was in a position to avail myself of any like programs, I had already seen the rules change in several programs once Congress realized how much money there was in them. Not that anyone needed more proof than what was done to Social Security.
My suggestion? Lock and load.
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