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Now Obama Wants Your 401K

 
DoorBert
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11/26/2012 07:40 AM
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Now Obama Wants Your 401K
Treasury, Labor on path to nationalize retirement

Two years ago the Obama administration was proceeding with a novel way to finance trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.

Remarkably, those financial professionals specializing in private retirement savings and the U.S. citizens investing in private retirement plans now face the possibility the Obama administration and its allies on the political left will impose rules and regulations that effectively abolish the private retirement savings and investment markets.

Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt.

[link to www.wnd.com]
Anonymous Coward
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11/26/2012 07:41 AM
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Re: Now Obama Wants Your 401K
I didn't read any of it. I did request a pin for you though.
Anonymous Coward
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Turkey
11/26/2012 07:48 AM
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Re: Now Obama Wants Your 401K
NOT gonna happen to mine -- I'll eat it first.
cowardlyMe
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11/26/2012 07:51 AM
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Re: Now Obama Wants Your 401K
Great. IRA's are all I've got. Time to cash out and hide it under the mattress.
Anonymous Coward
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02/01/2013 06:45 PM
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Re: Now Obama Wants Your 401K
One way or the other that money will be gone. Either through inflation or theft. Once they get their hands on it, it's gone forever.
MadGame

User ID: 33447749
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02/01/2013 06:48 PM

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Re: Now Obama Wants Your 401K
Not getting mine either because i dont have any
What is a LIBTARD You Ask ? - A Retarded Liberal ( AKA 99.9% of all Democrats ) ... And since ALL Liberals are Retarded ... Hence LIBTARD

Pissing Off LIBTARDS since 1988
Anonymous Coward
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02/01/2013 06:49 PM
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Re: Now Obama Wants Your 401K
They are called Guaranteed Retirement Accounts (GRAs) and they were purportedly in the 2013 budget. I say "purportedly" because we don't actually get to see the budget.

The idea is to pool everyone's retirement accounts like Social Security, as they've already spent that money and like the addicts they are, need more. They've already started using funds from federal employee pension accounts.

If you know someone from Argentina, Ireland or Greece, be sure to ask them what happened to their private retirement accounts.
Anonymous Coward
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02/01/2013 06:56 PM
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Re: Now Obama Wants Your 401K
One way or the other that money will be gone. Either through inflation or theft. Once they get their hands on it, it's gone forever.
 Quoting: Anonymous Coward 28870983


Right fucking there Peeps ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Anonymous Coward
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02/01/2013 06:58 PM
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Re: Now Obama Wants Your 401K
They are called Guaranteed Retirement Accounts (GRAs) and they were purportedly in the 2013 budget. I say "purportedly" because we don't actually get to see the budget.

The idea is to pool everyone's retirement accounts like Social Security, as they've already spent that money and like the addicts they are, need more. They've already started using funds from federal employee pension accounts.

If you know someone from Argentina, Ireland or Greece, be sure to ask them what happened to their private retirement accounts.
 Quoting: Anonymous Coward 26028270


Thats why I tell people to get their money out because they are either gonna just take it or wither it away with inflation. Take your pick ! Get it the fuck out now !
Anonymous Coward
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02/01/2013 06:59 PM
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Re: Now Obama Wants Your 401K
Nip this Pin Shitz
ceawaves

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02/01/2013 07:02 PM

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Re: Now Obama Wants Your 401K
Just a matter of when,his father believed EVERYTHING belonged to the 'state'.
Anonymous Coward
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United States
02/01/2013 08:20 PM
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Re: Now Obama Wants Your 401K
he can have it... [i don't have one.]
Anonymous Coward
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02/01/2013 08:34 PM
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Re: Now Obama Wants Your 401K
Geithner already stole ahem borrowed the G fund from federal employees. Did this once before but paid it back.

look it up