After almost 40 years of hard work and self denial, Americans have managed to save or squirrel away ALMOST 9 Trillion Dollars in IRA and 401k accounts. In only the past 3.5 years President Obama has managed to squander over 2/3 of that amount or 6 Trillion dollars in new government debt, green jobs stimulus, and bailouts for his cronies, this does not even count the President’s greens fees and Teller-Prompter rentals. They could run billions more.
During the Bush Administration an argument raged over privatizing Social Security accounts with Republics generally favoring private or “Privatized” Social Security Accounts that would allow Americans to own outright their retirement accounts and be able to use their retirement money in almost anyway they wished, including willing it to their heirs.
On the other hand the Democrat Party generally opposed individual or “Privatized” Social Security Accounts. The reason for this partisan split is now becoming clear. The Democrat Party was planning on STEALING your already PRIVATE retirement funds, so why would they want more private accounts? That would just create un-necessary work for the party of the working man. 401(k) IRA Nationalization *** Quietly Moves Forward
We are speaking here of both government and private pensions, savings accounts, IRAs, 401k accounts, stock portfolios, and annuities. This can be the only logical reason that the Democrat Party can give for opposing private Social Security Accounts, they want to nationalization, or steal your Pension, your 401k, your IRA etc. it would just be too much of an invasion of YOUR? privacy, for a Democrat President and Congress to beat the hiding place of every last red cent out of you.
The Affordable Health Care or Trojan Horse Tax Act slipped the 3.5% Sales Tax on the proceeds of every used and new private home sale into the Federal record. This tax is set to go into effect in 2013 and will further decrease the value of every home in America at least another 3.5% or almost a 10% further loss. No wonder former Speaker of the US House Nancy Pelosi wanted Obama Care passed before we knew what was in it.
Now Obama’s new stick it to the middle class tax, that seizes all public, & private pensions is awaiting passage in the House and Senate. The re-election of the President will be the only signal that this Democrat President needs to deem this tax enacted. This is what you SMALL business men and women get for making the poor President work so hard on your behalf to create your success for you!! Shame on you!!