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BS: Kiss yer private retirement acct goodbye
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BS: Kiss yer private retirement acct goodbye |
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Subject: BS: Obama Begins Push for New Retirement System From: Songwronger Date: 19 Nov 12 - 09:42 PM 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. The hearing, held in the Labor Department's main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans. "This hearing was set up to explore why Americans are not saving as much for their retirement as they could," explains National Seniors Council National Director Robert Crone, "However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up." 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. She demanded the Obama administration set up a "government-sponsored program administered by the PBGC (the governments' Pension Benefit Guarantee Corporation)." She proclaimed that even "private annuities are problematic." Such "reforms" would effectively end private retirement accounts in America, Crone warns. "These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system." 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." http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=89%3Aobama-begins-push-for-new-national-retir |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Bobert Date: 19 Nov 12 - 09:50 PM ((((((((((((((((((((((((((((((yawn))))))))))))))))))))))))))))))))) B;~) |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Henry Krinkle Date: 19 Nov 12 - 09:52 PM It's always about money. I could just cry!! |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: MarkS Date: 19 Nov 12 - 10:02 PM I thought we already had a government sponsored retirement account. Its called Social Security. And if you want to put more away on your own, hey, be my guest. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Greg F. Date: 19 Nov 12 - 10:11 PM Gee, ShitWringer, if only we could kiss YOU goodbye, we'd be getting somehere. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Songwronger Date: 19 Nov 12 - 10:23 PM Private 401k. Remember the hard sell they did on that? Your own IRA. And now the Obama wants to reach into that private account and take out just a bit. A pinch. Today. Tomorrow the whole thing. Like the article says, this is the way Obamacare started. Remember how Obama spouted all those good intentions and then ended up forcing the poorest 10% in America to buy insurance from the big insurance companies? Some dolts still parrot the "Republicans made him do it" BS, but we all know what happened. Obama had an attack of fascism. And now he wants part of your private retirement plan "for the poor." |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Henry Krinkle Date: 19 Nov 12 - 10:25 PM He's a pig of a man. =(:-( 0) |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: GUEST,leeneia Date: 20 Nov 12 - 09:35 AM It was merely a hearing on why Americans aren't saving enough for retirement. The rest - the hints, the sneers, the threats, the fears - are all smoke and mirrors. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: kendall Date: 20 Nov 12 - 09:39 AM THE SKY IS FALLIN, THE SKY IS FALLING |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Amos Date: 20 Nov 12 - 10:05 AM SOngwronger: You are so full of blarney I am amazed you can see to type. Why don't you get yourself a whole-baby reality check? You should really be ashamed of yourself peddling this kind of rampant paranoia and puerile illogic. A |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: McGrath of Harlow Date: 20 Nov 12 - 10:18 AM What a very boring person Songwronger must be. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Little Hawk Date: 20 Nov 12 - 11:09 AM A "whole-baby" reality check, Amos? That sounds pretty thorough. Where does one get it? And what does it cost? |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Henry Krinkle Date: 20 Nov 12 - 11:17 AM You should listen. I detect truth in what he says. =(:-( )) |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Don(Wyziwyg)T Date: 20 Nov 12 - 03:23 PM You couldn't detect your arse without a SatNav, kronk. And encouraging the other poor deluded fool is an act of cruelty. He needs help, not encouragement. Don T. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: kendall Date: 20 Nov 12 - 03:42 PM The Fear Mongers have no traction here. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Q (Frank Staplin) Date: 20 Nov 12 - 03:54 PM More crap from the wrong one and the krank- our anencephalic monsters. |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Don Firth Date: 20 Nov 12 - 04:05 PM Scientists and philosophers the world over and since time immemorial are still working on this problem: Why are there so many more horse's asses than there are horses? Don Firth |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: kendall Date: 20 Nov 12 - 07:25 PM If man descended from apes, why are there still apes? |
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Subject: RE: BS: Kiss yer private retirement acct goodbye From: Q (Frank Staplin) Date: 20 Nov 12 - 08:06 PM Certainly descended- not ascended. |
