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.
Showing posts with label Democrats to seize private funds. Show all posts
Showing posts with label Democrats to seize private funds. Show all posts
Sunday, November 09, 2008
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