Obama wants your 401K because it is NOT FAIR... - Survivalist Forum

Well It looks like Obama will be once again (this talk started when he was first elected in 2008) consider going after our 401K accounts, because they are not fair....

Gee since it is my money, I worked for it and I saved it, It is not fair that I have it?

http://www.nationalseniorscouncil.or...rity&Itemid=62

"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).""

http://www.wnd.com/2012/11/now-obama-wants-your-401k/

Time has been beating this drum for years:

http://www.time.com/time/magazine/ar...929233,00.html

http://business.time.com/2012/11/28/...with-the-401k/

So we now need a new government run retirement system, since the federal government bankrupted the old system (Social Security).

I can not think of a better way to crash our economy, if this talk continues, people will just cash out their 401K accounts, and stuff the cash under their mattress... you will have a loud sucking sound as over 2 trillion dollars in capital are sucked out of the US economy.

Source: http://www.survivalistboards.com/showthread.php?t=271951

ann arbor news ides of march elizabeth smart nick young south dakota state long beach state beasley