Could the Feds raid your 401k and IRA? Yes. How to stop it


An article at American Thinker (from last July) posits the question; Is Your IRA Going To Be Raided?

The notion of government raiding personal retirement accounts for funds may seem extreme. Perhaps it shouldn’t. Other governments have done it. Argentina did in 2008. Ireland has indicated it might. The worsening financial crisis may eventually move other countries in that direction.
Surely the US would never do so.
Actually, there is little basis for assuming they would not and factual evidence they would. Here are three good reasons to believe they would:

Read the rest, then ask yourself; What can we do to stop it?

The answer is in the comments section of the same article;

There may be a way out of this dilemma.  During the 2012 elections, there are 23 Democrat Socialist Senators up for re-election but only 10 Republican seats in danger.

Everyone who lives in a state WITHOUT a Senate seat up for re-election or anyone who lives in a state with a SAFE Republican Senate seat would do their retirement account a lot of good by contributing to any Tea Party Republican Senate candidate who is running for a seat currently held by an incumbent Democrat.

An even better return can be had if you give 30 days of your time volunteering for an out of state Republican Senate candidate if there is no tight Senate race in your home state.  You would be amazed how quickly things would turn around with a net increase of 13 new Tea Party type Republican Senators in early 2013.

That and a different President would do the trick nicely, provided we elect conservatives and not more squishes. More McCains and Grahams we don’t need.

But it’ll take work. Lots of it.

The long answer lies here, at the Precinct level. If you know ColdWarrior you know he’s a singular-minded person; Infiltrate the Republican Party with the conservative base=elect more conservatives to office. His website is here, and if you really want to make a difference and have a few free days to hack into the GOP elite’s program, give it a shot.

He has an inexpensive Kindle book also; Taking Back Your Government: The Neighborhood Precinct Committeeman Strategy, which is only .99 cents, and you don’t need a Kindle to read it.

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Erick Brockway
Work seven days a week at two jobs, a newly RETIRED EO1 (E6) in the Navy Reserves (Seabees), blog when I can from cellphone and computer. @erickbrockway #catcot #tcot

Currently living in Camarillo, CA, about 45 miles North of LA. I have a wife (20+ years) son, and two daughters.

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October 23, 2011 10:35 am

I wish the Democrats would go for this before 2012, I can imagine the BLOWUP!

October 23, 2011 9:55 pm

I seem to recall no less than Dick Durbin of the Dodd-Frank/Durbin amendment fame as a sponsor of a bill to do this once. Don’t think it went anywhere as it was towards the end of 2010 when it was supposed to come about. Probably couldn’t find much support even among Dems because many in the House saw they were about to lose their jobs because of the mess they already passed the previous 2 years.