US News & World Reports published a story yesterday uncovering a plan Obama & the Democrats in Congress have to seize your 401K plan and turn it over to the government, replacing it with a European socialist style plan to spread your wealth around to others who they believe need your money more than you do.
Click the link above to read the entire story about this sleazy attempt by the Democrats to steal you life savings.
Monday, November 1, 2010
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This legislation being considered by Democrats is perhaps the most dangerous proposal put forth by the Democrats to date. The system would essentially create a second Social Security System in which bureaucrats would control the funding, investment and use of the money. The government would control all provisions of the plan, and individual rights for determination of risk reward would be stripped.
There is no better reason to vote Republican tomorrow. This is a measure I am sure that Murphy would no doubt rubber stamp for his idol, Nancy Pelosi!
Whatever is wrong with these people, taking a personal retirement plan and making it into a government run retirement plan? What's the sense of individuals investing into a retirement plan, then have the government spread it around? I just don't get it!!
Is this the change that we are looking for in the U.S.A?
1. The seizure of $4.5 trillion dollars by the government. A promise of low returns, no control over assets, and no guarantee that the funds would not be replaced by a promissory note.
Is this the change that you want in the U.S.A.?
2. The creation of a welfare state in which the government is responsible for all aspects of our lives as if we were a society of 4 year olds.
Is this change for the better in the U.S.A.?
3. A government that will fail to protect the current Social Security & Medicare System but will create new Bureaucratic programs based upon those failing systems.
4. Is It Really Time To Change the U.S.A?
Are we now in the age in which we abandon 232 years of government built upon State's Rights, Individual Rights, Checks & Balances, and an American Exceptionalism based upon unhindered opportunity and a government ruled by the people, not established to rule the people.
How long will it be before dictator Obama sets his sights on seizing all of our houses?
This would be the largest loss of wealth and seizure of public assets in world history.
The Democratic way.
You worked hard all your life to save for your retirement, and now the Democrats want to seize your life savings and redistribute it to people who didn't work or didn't bother to save because these elitist Democrats believe those people deserve your hard earned money more than you do.
Like Obama said to Joe the Plumber: "the system works better when we spread the wealth around."
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