Obama ally targets 401(k) dollars

www.wnd.com...

I've read ~3 articles on this. Any other info or verification on

"confiscating" IRA accounts?

Thanks

Im been saying it for about 4 weeks around the board here, they are taking your money, you are going to be poor, you can wait for it, or do something about it before the fact.

You see, the Fight for the poor is like this: They are not going to make the poor people rich, they are making us as poor as them, that way , there are no middle class, just them and us, The Rich and the Poor, see ??

Wow, first it was the head of the FDIC that wanted the 401k`s to give to the banks to help prop them up...............and now this garbage. Well, it`s like I said, they won`t be happy till they have control of every dollar out here.

I had a feeling this crap was in the works. Do you notice how they are forcing everyone to do all of these things now by law? First health care, now they want to do it with this.

[edit on 27-3-2010 by FiatLux]

Originally posted by FiatLux
Wow, first it was the head of the FDIC that wanted the 401k`s to give to the banks to help prop them up...............and now this garbage. Well, it`s like I said, they won`t be happy till they have control of every dollar out here.

I had a feeling this crap was in the works. Do you notice how they are forcing everyone to do all of these things now by law? First health care, now they want to do it with this.

[edit on 27-3-2010 by FiatLux]

Ya ! And your Guns, Im betting you all are just going to hand them over and walk onto the fema trains. The Govt. isnt going to have any resistance at all..

This is an older tread, but I don't want to start a new one Obama to take your 401K

One aspect of a new and improved federal regulatory scheme is the seizure of 401(k) retirement plans and the subsequent government-administered disbursement of the funds. In Chapter 3 of the Annual Report on the Middle Class released in February by Vice President Biden and the White House Task Force on the Middle Class, the Obama administration calls for enhancing the “retirement options” for the middle class by imposing “new regulations to improve the transparency and adequacy of 401(k) retirement savings.”

reply to post by m khan


Sure.... just like they "Enahnced" our healthcare options, right?

When are these frackers going to realize that WE'VE HAD ENOUGH!!!???

Originally posted by Pinktip

I've read ~3 articles on this. Any other info or verification on

"confiscating" IRA accounts?

Thanks

Just this Dan Norcini commentary, along with a letter from the House GOP Savings Recovery Group addressed to Hilda L. Solis - Secretary of the Department of Labor, and Treasury Secretary Tim Geithner

Posted a couple days ago here.

Going after people's retirement fund in order to force purchase of U.S. Treasury debt.

From the Article

Moreover, with the Obama administration needing to raise nearly $1.5 trillion just to cover this year's anticipated federal budget deficit, and with the Federal Reserve discontinuing efforts to purchase U.S. Treasury debt, the Obama administration is looking at 401(k) and IRA accounts as trillions of dollars that could be forced into Treasury bonds to finance the federal budget deficits.

Keep your grimy paws of our retirement funds!!

There's only one word for this. Socialism!

[edit on 6-5-2010 by DaMod]

Originally posted by ChemBreather

dang, that's my double/doppelganger... without my fu-manchu however


Star for posting a link i can use in the future..


Oh, and ChemBreather, i can comb & tie back hair

Originally posted by DaMod
Going after people's retirement fund in order to force purchase of U.S. Treasury debt.

From the Article

Moreover, with the Obama administration needing to raise nearly $1.5 trillion just to cover this year's anticipated federal budget deficit, and with the Federal Reserve discontinuing efforts to purchase U.S. Treasury debt, the Obama administration is looking at 401(k) and IRA accounts as trillions of dollars that could be forced into Treasury bonds to finance the federal budget deficits.

Keep your grimy paws of our retirement funds!!

There's only one word for this. Socialism!

[edit on 6-5-2010 by DaMod]

Isnt this quite the opposite of socialism? Why should the state pay for all those lazy old people? As so many other users here has said: "If you want to help, please do, but why should my taxmoney fund the oldtimers?"