Friday, May 07, 2010

Baracula Obama is after your 401k

Barackula the unsatiatable.

The blood sucking parasite named Barack Hussein Obama II  is at it yet again. ObamaKare was not enough. This batshit crazy son a bitch is after all of it. No matter how long it took you to make it, he wants it. This sounds a lot like the great Social Security hoax I am always hearing about and will never live to see.

On to the story:

The plan, as sketched in the 43-page document, calls for the creation of something called  “Guaranteed Retirement Accounts” (GRAs). Biden slyly shifts the onus for the idea through weasel words typical of the federal government: “Some have suggested the creation of Guaranteed Retirement Accounts (GRAs), which would give workers a simple way to invest a portion of their retirement savings in an account that was free of inflation and market risk, and in some versions under discussion, would guarantee a specified real return above the rate of inflation.”
These accounts would be “free of inflation and market risk” because they would be under the direct and absolute control of the federal bureaucracy. There would be no risk because the funds would no longer be moored to the free market and subject to the fluctuations thereof. Rather, the retirement funds of every hard-working American dependent on a 401(k) for their retirement security would be nationalized and made subject to the whims and will of the executive branch.  New American
When this raving socialist stooge is done there be nothing left but muslims and sharia.

12 comments:

  1. THANK YOU for posting this! I really like your blog!!
    Common Cents
    http://www.commoncts.blogspot.com

    ps. Link Exchange???

    ReplyDelete
  2. You are welcome.

    linked ya!

    ReplyDelete
  3. Admiral,
    he wants the gold filling from our teeth and the pennies in our kids piggy banks.

    ReplyDelete
  4. By the way; Muslims don't believe in Usury, so they will be exempt.

    I'm not sure this Administration will see 2012 elections, all of this fiddling about will have possibly bad results.

    Perhaps this is Bidens way of making the top job since he can't get elected.

    ReplyDelete
  5. Barco is right-on about the usury; I guess we'll all have to convert to Islam just to keep the shirts on our backs.

    ReplyDelete
  6. I can't argue with anything that you have said.
    In fact i totally agree.

    ReplyDelete
  7. With over a trillion dollars wrapped up in pension plans and 401k's, it was only a matter of time before the blood suckers would start eyeing our cash cows.

    ReplyDelete
  8. BTW - Just linked from my site. Lemme know if the trackback thingie doesn't work. :)

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  9. This was first mentioned by a liberal bitch a couple of years. The Democraps loved the idea then and now the chief ass-wipe loves it too ... Oh Boy!

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  10. When is this madness suppose to end? Can't be soon enough.

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  11. Cashed my 401k last year. They aren't getting MINE. Sure, I had to pay taxes and a penalty.

    GRA misconception #1; All money is "tax deferred" until retirement age. Does anybody really believe taxes will remain the same rate they are today by the time you retire, or decrease?

    Numbered off-shore accounts. Rich people have been doing for years.

    ReplyDelete

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