Let the games begin

[obrien]

http://www.carolinajournal.com/articles/display_story.html?id=5081

http://www.investorsinsight.com/blogs/forecasts_trends/archive/2008/11/04/the-democrats-plan-to-highjack-your-401-k.aspx

[Darin Jordan]

http://www.carolinajournal.com/artic...y.html?id=5081

http://www.investorsinsight.com/blog...our-401-k.aspx

What a suprise...

There is very little one is going to be able to post here or report on that hasn't been warned about over and over again, and just as equally sluffed off as "non-sense" by those on the Left...

Welcome to the next 4-years.

Perhaps we can get into a logical discussion as to just HOW the Government controlling our retirement is going to be such a benefit... especially seeing as how they've done such a tremendous job with Social Security...

I say we just keep an eye on things, but spend our time enjoying our hobby while we still can afford it... rather than worrying too much about this stuff... at least until it's time to stand up and fight to get the country back in line...

[obrien]

this already has me thinking about pulling my money out of the market so those bastards can't get it. And they wonder why the market keeps falling.

[Spot Me 2]

http://www.carolinajournal.com/artic...y.html?id=5081

http://www.investorsinsight.com/blog...our-401-k.aspx

I am about done with this. I am already taxed to death and get SH%T in return.
If they plan on touching my 401k, they have another thing coming. Do they really want to start a revolution????? I am about ready. I man can only take so much.

"Every generation needs a new revolution."
Thomas Jefferson

"For a people who are free, and who mean to remain so, a well-organized and armed militia is their best security."
Thomas Jefferson

"I tremble for my country when I reflect that God is just; that his justice cannot sleep forever."
Thomas Jefferson

[Avanti]

when the doodoo hit the fan I'll have my umbrella

[rockwerks]

Notes to self:

get guns and LOTS of Ammo

Dont deposit into IRA this year, put in mattress

Welcome to the United Socialist America

[Ub Hauled]

How are they planning in confiscation private investments companies?
The key word being "private" here...

[Spot Me 2]

"I pledge allegiance to the flag of the divided states of america, And to the republic for which it no longer stands: One nation, under no deity, divisable, with liberty and justice, for those who will fight for it." John Thomson.

I am afraid this is what it is coming to.

[obrien]

well we had the United Idiots of America to thank for this one.

[Spot Me 2]

Notes to self:

get guns and LOTS of Ammo

Dont deposit into IRA this year, put in mattress

Welcome to the United Socialist America

You might be too late. I went to Cabellas today to pick up a Taurus I had on hold, and they were almost picked clean. I was just there a week ago to put this one on hold, and now the gun cases are half empty. The people in the gun shop say they have never seen something like this. I'm glad I picked up my new ones early!!

[ghostofpf1]

witness to the validity of the "Chicken Little Effect" otherwise known as "The sky is falling..the sky is falling...."

btw.."obrien"..idiots ?? Really ?? The only "idiots" I see are those running to gun stores in a panic...

Ghost

[Darin Jordan]

witness to the validity of the "Chicken Little Effect" otherwise known as "The sky is falling..the sky is falling...."

Actually No, it's not... but the Stock market, employment, and the Economy in general IS... Namely from fear over this new administration if you believe the financial experts on MSNBC, CNN, ABC, etc...

Denial is a blissful place to be, eh Ghost...

I hope the Left is right about all this... History IS repeating itself, that is clear. maybe there will be enough people with their O-Blinders off to help alter it's course before things get worse...

[Avanti]

witness to the validity of the "Chicken Little Effect" otherwise known as "The sky is falling..the sky is falling...."

btw.."obrien"..idiots ?? Really ?? The only "idiots" I see are those running to gun stores in a panic...

Ghost

They are arming themselves, and practicing their Second Amendment Right, before it is taken away. What gives you the right to call them idiots?....... Ah yes, the First Amendment. You are free to use it and so are they.

[obrien]

http://www.govtrack.us/congress/bill.xpd?bill=h110-6257

[Bill-SOCAL]

Again, lots of links posted yet it appears nobody reads them.

The link from the Carolina Journal noted that a person testifying in a committee suggested the confiscation of 401's. That is a FAR cry from saying that the Congress is considering it. The samne article then went on to quote:

Rep. George Miller, D-Calif., chairman of the House Committee on Education and Labor, in prepared remarks for the hearing on “The Impact of the Financial Crisis on Workers’ Retirement Security,” blamed Wall Street for the financial crisis and said his committee will “strengthen and protect Americans’ 401(k)s, pensions, and other retirement plans” and the “Democratic Congress will continue to conduct this much-needed oversight on behalf of the American people.”

So the title of the article was inflammatory and misleading. And people stopped reading at the title.

Good research job!!

Further, the Chairman of the Committee was asked by Fox News' Cavuto about 401's and here is what was said:

After repeated questions asked by Neil Cavuto of Fox News, Miller said he would not be in favor of “killing the 401(k)” or of “killing the tax advantages for 401(k)s.”

Congress hears all kinds of crazy things being said in their hearings, but that does not mean that each and every thing said by a person is "being considered".

Oh well.