Feb 22, 2010

Next target locked: your 401 (k)

Brace yourself for the worse impact, because Obama's socialist take over of this country does not end with the health care power grab reloaded edition. That is, actually, just the beginning.

His next target to ameliorate the unpreccedent deficit and debt?

Your 401 (k)! - Via Investors Business Daily. Welcome to the next USA power grab, á la Argentina circa 2008.

Burning points:
  • First, this shouldn't be news or take us by surprise. Actually, Joe "late for the Malcom Baldridge Award Ceremony" Biden spelled it out during the campaign trail.
  • The topic was already on the table during last fall hearing in the House Education and Labor Committee. MSM, where were you?! 
  • The "conversion" may start out as an optional choice, but with this administration, one should by now that their options usually leaves you with no option.
  • You've got to love the lady: As former British Prime Minister Margaret Thatcher said, "The trouble with socialism is you run out of other people's money to spend." And now they want to spend our retirement savings.
Exit question: when the crisis exploded in Argentina, our South American neighborgs fled in masses to South Florida. Once we're left without healthcare, seniors without Medicare and working Americans without retirement savings, where do we escape to?

Love the title: "Keep Your Hands Off My 401(k) Act of 2010."
Who's to lead the resistance?


Sass said...

That's exactly what I've been fearing and asking my self...

Anonymous said...

If w do not open our eyes we will lose this one too.