Where Will They Go To For More Money?
Feb 7, 2010 Political
I wrote before the last election indicating that there was concern that the government would take control of our retirement accounts and redistribute the money in them as part of a scheme to even the playing field. The Socialists in DC are part of the spread the wealth paradigm and they have no problem forcefully taking that to which they are not entitled. There were hearings on Capitol Hill where this was discussed.
Doug Ross indicates that this might be where the next money influx to the government comes from as they confiscate our retirement (which contains trillions of dollars) and spread it among those who have not saved for retirement.
The [Congressional] testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
…The current retirement system, Ghilarducci said, “exacerbates income and wealth inequalities” because tax breaks for voluntary retirement accounts are “skewed to the wealthy because it is easier for them to save, and because they receive bigger tax breaks when they do.” [Original Source Carolina Journal]
The government has already pilfered trillions of dollars in Social Security that was paid in over the years and used that money for pet projects and as a slush fund. There is no money left in Social Security and the government does not have the money to meet the obligations of Social Security. It must borrow money to pay the recipients. This would not be the case if they had left the money alone.
Instead, they will come after the money we have saved. It is there because strict rules forbid us from tapping into the retirement money until we actually retire. Congress had no such rules and raped Social Security and now the plan, at least one that was discussed in Congress, is to confiscate our retirement and use it to pay others.
This is a Socialist program and if the government goes through with this there is no doubt in my mind we will have an armed insurrection.
These bastards take enough of our money and spread it around. I will be damned if they are going to take what I have saved for my retirement without a fight.
I am sure many others feel the same way (not the slugs who would benefit from the work of others) and would be willing to fight for what is theirs.
Keep an eye on Congress. It will look for money and will take it any time it wants. The government will rape us any chance it gets so we must remain vigilant.
Buy guns and ammo. You will need them.
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Tags: Congress, lies. socialism, rape, retirement, theft