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Obama going after your 401k's and IRA's

 
Anonymous Coward
User ID: 24545480
United States
11/16/2012 05:30 PM
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Re: Obama going after your 401k's and IRA's
This is not any issue here. Everyone is poor.
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/16/2012 05:32 PM

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Re: Obama going after your 401k's and IRA's
There's been a move on to force IRA's and 401k's into Treasury Bond's for a long time...

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"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
WAKEUPAMERICA01

User ID: 25795289
United States
11/16/2012 05:33 PM

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Re: Obama going after your 401k's and IRA's
zero time is fast approaching.
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
Epic Beard Guy
Constitutional Crusader

User ID: 26240425
United States
11/16/2012 05:41 PM

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Re: Obama going after your 401k's and IRA's
Where is there no DATE on that piece? It could have been from a few years ago.

It is NOT posted on the home page, either.
 Quoting: LOL 27885208





Now that Barack Obama has been reelected he's going to push harder than ever to seize private retirement accounts. To sign NSC's emergency petition against Obama's new National Retirement System scheme, just click here.

That would seem to indicate that it is fairly recent.
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
Theslcguy

User ID: 16927755
United States
11/16/2012 05:41 PM
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Re: Obama going after your 401k's and IRA's
Principal Financial, a top provider of IRA, 401k, CD, savings accounts, called me, and emailed me to get a hold of them, so I did, (I thought I closed my accounts down and got back my $10k I put into it.) I apparently setup a backup savings with them 25% of my gains went into that account, they wanted to know if I wanted to close my account and get a payout.. So I said yes...

Something is going on, I never seen banks get a hold of you to GET your money... LOL
Anonymous Coward
User ID: 957572
United States
11/16/2012 05:42 PM
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Re: Obama going after your 401k's and IRA's
closed mine out years ago , best decision ever it went straight into 3 dollar an ounce silver
Anonymous Coward
User ID: 20632484
United States
11/16/2012 05:43 PM
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Re: Obama going after your 401k's and IRA's
Here's an article from Sept. 2012

[link to www.silverdoctors.com]
Renegade (Me too)

User ID: 24639180
United States
11/16/2012 05:51 PM

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Re: Obama going after your 401k's and IRA's
Check out this statement in the article:

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.


So working and saving is unfair to the poor. Definitely liberal sickness.
Who is John Galt?
Anonymous Coward
User ID: 16614101
United States
11/16/2012 05:55 PM
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Re: Obama going after your 401k's and IRA's
Young vs. old
Anonymous Coward
User ID: 16614101
United States
11/16/2012 05:57 PM
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Re: Obama going after your 401k's and IRA's
Check out this statement in the article:

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.


So working and saving is unfair to the poor. Definitely liberal sickness.
 Quoting: Renegade (Me too)


Well the rich did pass nafta and shipped every thing over to our mortal enemies the chicoms
Anonymous Coward
User ID: 6673466
United States
11/16/2012 05:58 PM
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Re: Obama going after your 401k's and IRA's
Why does this surprise anyone. In college he was a part of the National Socialists party.

If you elect a socialist into office guess what....
Renegade (Me too)

User ID: 24639180
United States
11/16/2012 06:03 PM

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Re: Obama going after your 401k's and IRA's
Why does this surprise anyone. In college he was a part of the National Socialists party.

If you elect a socialist into office guess what....
 Quoting: Anonymous Coward 6673466


I did not elect him.
Who is John Galt?
spoof

User ID: 1231023
United States
11/16/2012 06:10 PM
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Re: Obama going after your 401k's and IRA's
Why does this surprise anyone. In college he was a part of the National Socialists party.

If you elect a socialist into office guess what....
 Quoting: Anonymous Coward 6673466


I did not elect him.
 Quoting: Renegade (Me too)


Neither did most of America. Can't have mine, it's already cashed out.
MrBlue

User ID: 14815823
United States
11/16/2012 06:10 PM
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Re: Obama going after your 401k's and IRA's
I pulled mine out a long time ago and built a profitable farming business from scratch.

Last Edited by MrBlue on 11/16/2012 06:11 PM
Anonymous Coward
User ID: 9231012
United States
11/16/2012 06:11 PM
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Re: Obama going after your 401k's and IRA's
I hope the self-righteous fools who chose not to vote ("the lesser of two evils") realize that in essence they voted for Obama by default by allowing the "idiots" to in fact determine the winner of the Presidency!

The "idiots" with their hands out, that want "stuff" from the govt. are now going after the redistribution of retirment plans. So now the people with FREE "Obamaphones" are going to be demanding FREE "Obama Retirement Plans"!!!

This is SO fucked up!
 Quoting: Anonymous Coward 25720208


Wrong, The president has never and will never be elected by the common man's popular vote.
The office of the President is ONLY and will ONLY ever be determined by Electoral College votes.

"The United States Electoral College is the institution that officially elects the President and Vice President of the United States every four years. Electors are chosen by each state and by the District of Columbia, but not by territorial possessions of the United States such as Puerto Rico and Guam. The number of electors in each state is equal to the number of members of Congress to which the state is entitled.[1] The Twenty-third Amendment has always resulted in the District of Columbia having three electors. There are 538 electors, based on there being 435 representatives and 100 senators, plus the three electors from the District of Columbia."
Anonymous Coward
User ID: 25723103
United States
11/16/2012 06:12 PM
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Re: Obama going after your 401k's and IRA's
just another tax
wtf
llllllllllllll

User ID: 19657578
United States
11/16/2012 06:20 PM
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Re: Obama going after your 401k's and IRA's
(Originally posted 10/13/10)
Date @ the bottom after cliking OP's link
Anonymous Coward
User ID: 27815043
United States
11/16/2012 06:27 PM
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Re: Obama going after your 401k's and IRA's
Already cashed out. But now I need retirement so I'll be happy for them to take yours and split it with me.
Anonymous Coward
User ID: 6297881
United States
11/16/2012 06:27 PM
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Re: Obama going after your 401k's and IRA's
People were talking about the administration wanting to eliminiate retirement plans and force everyone into government sponsored pensions two years ago. And of course they were ridiculed as crazy Obama hating conspiracy theorists...
Eggcellent

User ID: 13043121
United States
11/16/2012 06:37 PM
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Re: Obama going after your 401k's and IRA's
(Originally posted 10/13/10)
Date @ the bottom after cliking OP's link
 Quoting: llllllllllllll




Well, he has a lot more flexibility now that his election is over...

BTW, having watched Obama during his first term, his M.O. seemed to be that he'd put up a "trial balloon" to see what the reaction to an idea would be, then it'd just disappear off the radar. (And WE would congratulate ourselves on having slapped down yet another cockamamie Obama idea). But, I doubt whether he was abandoning those various ideas, rather, he was using the time to craft a way to defuse/eliminate the opposition to them, or figure out a way that they might be implemented without any input from the voters (or Congress) at all. Executive Orders have been Obama's "gold mine", so prepare yourselves to see a whole lot more of them during this (his "final") term.
"I have come to the conclusion that all news should be treated like 9/11, assume it is a psyop with actors participating in a staged event complete with props, until proven otherwise, in which case assume whatever is being recorded, reported, televised, is distortions/lying by omission/outright lies, until proven otherwise." - Anonymous, 4-13-12
Resister

User ID: 1461638
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11/16/2012 06:38 PM
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Re: Obama going after your 401k's and IRA's
They talked about this same thing during a Senate hearing about it a few years ago. What sucks is when your IRA or 401k is just big enough to worry about but not big enough to cash out and really be able to do much with. That's me. I'm 43 looking at 20+ years before I can touch it without major penalties. Cashing it now would be the right answer if there was going to be a serious revaluation of the currency coming very soon and if I could do something meaningful with it i nthe time remaining. If there isn't going to be a currency revaluation and I take it out now, I will not have an investment acount to retire on without starting from scratch and putting back in huge amounts of money. Sucks big time.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
[link to line-in-the-sand.blogspot.com]
Anonymous Coward
User ID: 27898080
Thailand
11/16/2012 07:01 PM
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Re: Obama going after your 401k's and IRA's
LOL! Sorry "O", I already cashed mine in!!
 Quoting: Sledster


Me too,

It took me 4 years to do it. All I paid was a 10% penalty because I did not have any other income at that time.

One of the few clever moves I ever made in my life.
Anonymous Coward
User ID: 19961452
United States
11/16/2012 07:18 PM
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Re: Obama going after your 401k's and IRA's
Where is there no DATE on that piece? It could have been from a few years ago.

It is NOT posted on the home page, either.
 Quoting: LOL 27885208


Isn't this what Social Security was supposed to be, originally?
 Quoting: Anonymous Coward 25400707



Only to the sheep.

SS is a TAX, has ALWAYS been a TAX. It is NOT and has NEVER BEEN an insurance policy, "pension plan," retirement fund, etc.
 Quoting: LOL 27885208


Article on World Net Daily, Nov 16

[link to www.wnd.com]
No Dhimmi
Proud Infidel

User ID: 18280111
United States
11/16/2012 07:25 PM

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Re: Obama going after your 401k's and IRA's
Forward off clif
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 23011194
United States
11/16/2012 07:29 PM
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Re: Obama going after your 401k's and IRA's
18 months into the future.....

the rest of the world has abandoned the dollar and we're on the verge of hyperinflation. Barry assembles his crack financial team....

Gentlemen, the US government is on the verge of collapse. We've run out of money and we can no longer print because that would mean instant hyperinflation.

Mr. President....our solution is to borrow from the pension plan.

Excellent idea. Make it so.....

(that money will be gone in the blink of an eye)
Anonymous Coward
User ID: 1083484
United States
11/16/2012 07:31 PM
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Re: Obama going after your 401k's and IRA's
This article is from Oct 2010
Anonymous Coward
User ID: 23011194
United States
11/16/2012 07:32 PM
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Re: Obama going after your 401k's and IRA's
This article is from Oct 2010
 Quoting: Anonymous Coward 1083484


they always announce things way in advance.....
Mr. Predictor
Mod Emeritus

User ID: 1032780
United States
11/16/2012 07:34 PM

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Re: Obama going after your 401k's and IRA's
you bet your ass this will happen
6473madburger

a government study in 2008 and again in 2012 showed over 50% of the measured population were really, really stupid

“Barack Obama thinks his job is to lead the mob, not the country.”
Big Irish Bastard

User ID: 25799108
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11/16/2012 07:42 PM

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Re: Obama going after your 401k's and IRA's
Where is there no DATE on that piece? It could have been from a few years ago.

It is NOT posted on the home page, either.
 Quoting: LOL 27885208


I remember the fact that obama wants to do this was brought up about three years ago. That is not to say it's not happening again. It sounds like something that obama would do.
 Quoting: truthwillsetyoufreeagain


The only thing at this point in time that would stop this shit would be The House of Representatives. The only problem I see is that the current Speaker of the House is looking more and more like a pushover.
"The people are the masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!"
(Abraham Lincoln)
davvi

User ID: 3677166
United States
11/16/2012 07:50 PM

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Re: Obama going after your 401k's and IRA's
Obama Begins Push for New National Retirement System

A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning...

...Deputy Treasury Secretary J. Mark Iwry, who presided over the hearing, is a long-time critic of 401k plans because he believes they benefit the rich. He also appears to be one of the Administration’s point man on this issue.

..."This whole issue is moving forward very quickly," warns Crone. "Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts."

Link to full article:

[link to www.nationalseniorscouncil.org]
 Quoting: Anonymous Coward 25720208


holy crap, we already have a national retirement plan it is called social security. the federal government wants to start yet another redundant program in order to have yet another program to raid and steal money from those of us who work so they can buy votes from the shit who do not.

jesus, where will it stop? only when every fucking person in this country starts paying taxes will it end. while there are those who ride on our dime they will continue to vote themselves more of our money.
 Quoting: davvi




lmao


Only if everyone STOPS paying taxes, and stops FINANCING THEIR OWN TYRANNY... will it ever end!
 Quoting: Anonymous Coward 7817543


no, you are missing my point. the problem now is that there are far too many who pay no taxes and actually get money from the government in the form of welfare. they don't give a flying fuck about how much the rest of us have to pay as long as they get theirs.

they don't care to change anything because they have no financial stake to lose. i don't hate the those who take nearly as much as i hate those who vote to take more from us and give what isn't their to give to the parasites and leeches.
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

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