Post by rick on May 4, 2010 12:38:27 GMT -5
Republicans Sound Alarm on Administration Plan to Seize 401(k)s
www.humanevents.com/article.php?id=36823
Those greedy bastard socialists are coming after our retirement money.
Response from Congresswoman Michelle Bachmann:
Hands Off Our Retirement Savings!
townhall.com/blog/g/eeaaf282-c971-4a7a-8abc-77286accf39a?comments=true&commentsSortDirection=Descending
Is there anything these weasels won't do to steal what we have worked so long and hard to earn? Geesh!
Expect armed civil war if this madness continues.
www.humanevents.com/article.php?id=36823
In February, the White House released its “Annual Report on the Middle Class” containing new regulations favored by Big Labor including a bailout of critically underfunded union pension plans through “retirement security” options.
The radical solution most favored by Big Labor is the seizure of private 401(k) plans for government disbursement -- which lets them off the hook for their collapsing retirement scheme. And, of course, the Obama administration is eager to accommodate their buddies.
Vice President Joe Biden floated the idea, called “Guaranteed Retirement Accounts” (GRAs), in the February “Middle Class” report.
The radical solution most favored by Big Labor is the seizure of private 401(k) plans for government disbursement -- which lets them off the hook for their collapsing retirement scheme. And, of course, the Obama administration is eager to accommodate their buddies.
Vice President Joe Biden floated the idea, called “Guaranteed Retirement Accounts” (GRAs), in the February “Middle Class” report.
Those greedy bastard socialists are coming after our retirement money.
Response from Congresswoman Michelle Bachmann:
Hands Off Our Retirement Savings!
townhall.com/blog/g/eeaaf282-c971-4a7a-8abc-77286accf39a?comments=true&commentsSortDirection=Descending
I am a member of the House GOP Savings Recovery Solutions Group, and yesterday my colleagues and I sent a letter to Labor Secretary Hilda Solis and Treasury Secretary Timothy Geithner urging the Obama Administration to keep its hands off of the retirement savings of Americans. We stressed that any proposals to dismantle or nationalize the private 401(k) system in favor of a government-run retirement security regime must be rejected.
Is there anything these weasels won't do to steal what we have worked so long and hard to earn? Geesh!
Expect armed civil war if this madness continues.