Democrats Target Your 401K
Here’s the story:
Unions target your private retirement savings
By: Mark Hemingway
October 31, 2010
Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that.
On Oct. 8, the two senators from the Health, Education, Labor and Pensions (HELP) Committee held a hearing on “Retirement (In)security in America.” Among the proposals discussed was “Guaranteed Retirement Accounts,” or GRAs.
The purpose of the GRA proposal is simple: To force Americans to stop putting their retirement savings money into private 401(k) accounts and send their money to the government instead. Read more at the Washington Examiner.
This had been predicted by those who’ve known about the attempts of socialism and communism to remake America. What was once laughed at as impossible is now becoming reality. This is just more of the same effort to have the government control our lives and pocket books. Those of use who love freedom must fight back against these socialist Democrats like President Obama and the vast majority of Democrat party senators.
The work you do should reward you and should be off limits to others, even the government. But that’s not what Democrats want it seems. They simply want to find more ways to slip their hands deeper and deeper into your pocket.
Vote against the Democrat candiate in your area! This is the only way we’ll defeat socialism/communism.Please share: