The Conservative Cave
Current Events => The DUmpster => Topic started by: Charles Henrickson on November 23, 2012, 04:06:39 PM
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New DUFU up:
DUmmie FUnnies 11-23-12 (How the DUmmies spent their Thanksgiving) (http://www.freerepublic.com/focus/f-bloggers/2962445/posts)
(http://farm5.staticflickr.com/4089/5202648198_972d436d97.jpg)
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(http://farm5.staticflickr.com/4113/5201386783_d459c6bfcc_z.jpg)
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the parrots are going nuts. . . .
[They think they're next.]
:lmao:
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the parrots are going nuts. . . .
Just like their owner.
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here's another one for you:
http://www.democraticunderground.com/10021873931
After dinner conversation : "They're coming after your IRA."
So we had Thanksgiving dinner at a friend's house.
Just the four of us.
We're in our 70s except for Miz t. who is still a couple of years shy of the septuagenarian mark.
Our hosts are about as thick as two planks.
Seriously.
Both of them.
Especially when it comes to politics and world and national affairs.
We're still 'friends' only because we go WAY back.
He was my best man at our wedding.
Since those days over 40 years ago, Miz t. and I have somehow managed to evolve with the times.
Our friends are stuck in the 50s and 60s.
Anyway, after dinner we're having another glass of wine at the table and he hits me with...
"Have you heard anything about how the government is going to take over our IRAs and make us put it in the stock market?"
"No. Where did you get that?"
"I read it somewhere. Or maybe I saw it on the internet."
(They watch Fox news because it's 'fair and balanced' and read Newsmax.}
"You can't be serious. How, exactly, would the 'government' (read 'Obama') go about doing that.
"I dunno."
"Look...think about it. There's no way the president or anybody else could do that. How would they go about it? Those are private accounts. You can't seriously believe that."
"Well...all I know is that's what I heard."
"And you believe it?"
"I dunno, that's just what I heard. I worry about it."
I'm really ready to rip my hair out at this point. How the hell do you communicate with someone this stupid?
Answer: You can't.
So I just said If you need something to worry about, worry about global climate change,
He doesn't believe in it.
We left a few minutes later.
And looked at each other and just shook our heads on the way home.
miserable people, the lot of them
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"They're coming after your IRA."
Anyway, after dinner we're having another glass of wine at the table and he hits me with...
"Have you heard anything about how the government is going to take over our IRAs and make us put it in the stock market?"
"No. Where did you get that?"
"I read it somewhere. Or maybe I saw it on the internet."
(They watch Fox news because it's 'fair and balanced' and read Newsmax.}
"You can't be serious. How, exactly, would the 'government' (read 'Obama') go about doing that.
"I dunno."
"Look...think about it. There's no way the president or anybody else could do that. How would they go about it? Those are private accounts. You can't seriously believe that."
"Well...all I know is that's what I heard."
"And you believe it?"
"I dunno, that's just what I heard. I worry about it."
Hmm
http://www.silverdoctors.com/obama-begins-push-to-confiscate-iras-401ks/
Obama Begins Push to Confiscate IRA’s & 401k’s
<snippets>
It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds.
The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed).
National Seniors Council Director Robert Crone warns: “This whole issue is moving forward very quickly. Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.“
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.
The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,†explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.â€
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).†She proclaimed that even “private annuities are problematic.â€
Such “reforms†would effectively end private retirement accounts in America, Crone warns. “These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system.â€
Deputy Treasury Secretary J. Mark Iwry, who presided over the hearing, is a long-time critic of 401k plans because he believes they benefit the rich. He also appears to be one of the Administration’s point man on this issue.
“This whole issue is moving forward very quickly,†warns Crone. “Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.â€
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Hmm
http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=89%3Aobama-begins-push-for-new-national-retirement-system&catid=34%3Asocial-security&Itemid=62
Obama Begins Push for New National Retirement System
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Hmm
http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=89%3Aobama-begins-push-for-new-national-retirement-system&catid=34%3Asocial-security&Itemid=62
Obama Begins Push for New National Retirement System
shhhh let them be surprised when it happens, just like the surprises coming up with 0bamacare and the economy for the next 4 years.
:-)
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shhhh let them be surprised when it happens, just like the surprises coming up with 0bamacare and the economy for the next 4 years.
:-)
0bama could get right in their faces and tell them he is going to confiscate all their IRAs and 401Ks and it would still be a surprise to them.
And it would still be George Bush's fault.
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0bama could get right in their faces and tell them he is going to confiscate all their IRAs and 401Ks and it would still be a surprise to them.
And it would still be George Bush's fault.
Bush was/is an immensely powerful wizard. He had 100% control of the government for 8 years before he was elected, and now holds 100% control despite all of Obama's best efforts.
:mental:
It's amazing how the smartest president ever is completely unable to escape from the control of the dumbest...
:-)
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I don't think your friend was the old fool at that dinner.
As for 'evolving with the times'. Famous last words that really mean I'm still an older boomer that doesn't trust anyone or their notions over 30 even though I'm now 60,70,80. Yeah pops im sure all the college girls still think you are hot stuff too. Do these fools ever grow up? Old boomer liberals not boomers in general.