Obama Will Force on Employers What he Opposes for Feds
by Big Dog on Jun 15, 2008 at 12:42 Political
Barack Obama was making the rounds through Pennsylvania and he gave the familiar stump speech of lowering taxes on the middle class, raising taxes on the rich and spending untold billions in programs. The he said he would require employers to set up retirement accounts for their employees:
He said employers should be required to set up retirement saving plans for workers even if they contribute no money to them. Workers would automatically be enrolled unless they choose to opt out, he said. That way, he said, “most people will save more.” Breitbart
Why is it he will force employers to do something that he will not allow the federal government to do and that he strongly opposes? Why is it that he will not allow our Social Security, the government extorted retirement system, to be privatized so each employee has a say in how his money is invested? The reason is simple. Politicians have been taking the money they force us to pay and they have been spending it on everything but Social Security. They limit how much people can receive regardless of income or how much they paid and then they go after more of our money when they spend our retirement money.
Imagine if these employers set up accounts and then spend the money on their business or for their personal items. Obama and the Congress would be trying to put them in jail (and rightly so) but these people will have done nothing more than what Congress does with the money it takes.
We have seen the Democrats admit that keeping more of our money is good for the economy (in the “rebate” program) and now Obama is admitting that retirement accounts for each employee would force us to save and thus allow us to have money in retirement.
How about Mr. Obama and the federal government lead by example here and allow us to set up our own accounts with our Social Security money so that we can retire with wealth?
I don’t agree with forcing employers to do these things. It is not the government’s business or duty to mandate how businesses or individuals plan for retirement. The government has already gotten its hands on our money and screwed up the entire Social Security system. It is high time we were able to control OUR money and to decide how it is invested.
Most people know better how to handle their money without the government telling them. Considering how poorly the government does with fiscal issues it is ludicrous to expect them to handle our retirement with any sort of responsibility.
What say you Mr. Obama? Are you ready to privatize Social Security? Seems you like the idea of saving so what better way to do it than allowing us to actually save OUR money?
Tags: Obama, privatization, retirement accounts, social security