Obama Begins Push for New National Retirement System!! READ THIS!!!

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."

NSC has taken the lead in warning the nation about this new government onslaught and is plotting ways to stop it.

"This effort ultimately is designed to grab the retirement nest eggs of America’s senior citizens. This new government annuity scheme, even if it is at first optional, will turn into a giant effort to redistribute the wealth of America’s older citizens," explains Crone. "This scheme mirrors what I expect the President will try to do with Social Security. He wants to turn that program into a welfare program, too."

NSC will likely unveil a new grassroots campaign effort later this year or early in January to coincide with the seating of the new Congress.


http://www.nationalseniorscouncil.o...ent-system&catid=34:social-security&Itemid=62

 

This would amount to theft on a scale we've never seen before in the history of mankind. When will people wake up?

 

Babyboomers, did you really think progressives were going to let you spend all of your money as you pleased? They have non-white votes to buy.

 

Can the federal government simply steal everyone's retirement money and spend it as they please? Apparently, Obama thinks so. And what is to stop him?

 

Hmmm...just who is the National Seniors Council? Not much on the interwebs about them...

 

I am very against the idea of using money alloted on retirement to anything else OTHER than retirement.

However, I do believe many people do not save for retirement when they probably should. If they don't we still need to pay for them once they are too old to work, as we as a country are not cold-hearted enough to just let them starve in the streets.

So I am okay with at least TALKS of how to 'encourage' more people to plan for their futures. We can see how it goes and ammend it as needed while we work on the issue.

Nothing is ever set in stone.

 

Obama and his africans and their fellow travelers have no choice but to seize the pension assets of white seniors. That's the only source of sufficient funding to pay reparations to africans.

 

I call bogus. This all leads back to Rep George Miller (D) that fought for legislation forcing 401K transparency for the employee.

 

Of course it's bogus. It's gloom and doom and more conspiracies from a conservative, Koch/Rove led group of AARP wanna-be's.

 

Lol this crap AGAIN?

 

I told the liberal retards this was around the corner, here:

http://www.politicalforum.com/humor...ng-news-obama-unveils-new-stimuli-plan-2.html

 

Can we stick to debating what we KNOW is happening. Not some theory from some blog we've never heard of?

 

The Obamazombies are too brainwashed to wake up. They will cheer it, after all, in the class warfare promoted by the Traitor in chief, it will be "revenge" on the "rich" so the poor Obamazombies can get some more free stuff.

 

Keep your day job.

 

Another conspiracy theory!

You guys are very creative. . .and very foolish!

 

Come on we both know he doesn't have one. Red states are poor and unemployed.

 

Why...? WHY..?

WHY WHY WHY WHY WHY!!!!!

Why do people continually post absolutely IDIOTIC RETARDATION from sites that are set up by idiots...? The Gov’t is going to steal your retirement!!! I really don’t think anyone on this board is that (*)(*)(*)(*)ing stupid to partake in something this (*)(*)(*)(*)ing stupid… I just don’t…

I mean – where do people FIND these websites?!?!??! When you Google Obama (or whatever you do when searching) do you start on page 50 or something?... I mean MY GOD?!?! It’s like I am dealing with people who dropped out before they had to do a “Research Paper” in Middle School…

 

Actually, for you fools relying on Social Security under 50, the Federal Government has already stolen your retirement. When they devalue the dollar through massive inflation which is coming.... you are all screwed. All this QE crap will has already happened. We just haven't paid the price.... yet!

I am so glad as to not be relying on that crap. My gold and properties will be just fine. Good luck!

 

The constitution gave the feds no authority to even set up SS. That's right, even SS is clearly unconstitutional but it will never be stopped as long as we let federal courts decide the constitutionality of federal laws. What an idiotic system. States need to step up and assert THEIR right to nullify federal laws.

 

Your stupid if you dont believe the government is capable of doing WHATEVER they want to! Moral or not, Consitutional or not.

over the last 4 years they have proven they Will do What ever is nessisary to pursue there agenda..

 

Let me guess.

Everyone throws their retirement package into a giant retirement pile and Obama will divide it up equally rich and poor alike.

What a concept.

 

Well (*)(*)(*)(*). This would benefit me greatly. I can't afford to save up for retirement because all my money is spent on survival. Maybe I should become a Democrat?

 

Wondering how that can be when most of our retirement is tied up in the Stock Market...? Also, do you have magical powers that can tell the future?...

By your posts it seems that you actually think that way - that your some type of wizard... Do you know what other people think of people who think they are wizards and can tell us all the future?

 

and you filthy jerkoffs laughed at me when I told you obama wanted to confiscate eveyones 401ks....

 

And the "crazy" never stops here at PoliticalForum.com...