And the Federal Ponzi Scheme CON…tinues

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Stealing is Stealing No Matter Who Does It

I don’t have Stocks, Bonds, 401ks, IRAs, Pensions or even an old ammo can buried in the backyard with gold bullion safely stowed in it. Just Social Security that has been taken from my check since I was 19 years old.
I’m even missing 10 years of contributions because I was taking care of my two babies for 4 years and then my Mother-in-Law for 6 years.

So if what the article says is true, the continuation of the systematic rape of our Nation’s non-union, non-public employee, non-friends of BO and his cronies, will continue at a whirlwind pace.

A 2010 administration report on the Middle Class cites Vice President Joe Biden, who “floated [an] idea called Guaranteed Retirement Accounts’ (GRAs).” Of course, Big Labor is clearly behind these proposed GRAs, which would include a “bailout of critically under-funded, union pension plans through retirement security options.”

Will all of this result in yet another enormous hedge fund and insurance leverage plot guaranteed to make a massive hole in the private worth of American taxpayers? Rest assured, the D.C. ruling class will stop at NOTHING to obtain the financing necessary for the continued purchase of votes and maintenance of power.

At the end of 2010, there was an estimated 17.5 trillion dollars in United States retirement assets, including 3.1 trillion in 401k’s and 4.7 trillion in IRA’s. The idea that those who thrive on money and power would permit such an alluring trove to go untapped is laughable.

Why? To prop up these.
Which wouldn’t need propping up if the proppers hadn’t promised the moon or raided the cookie jar to ensure one hand scrubbing how many backs and other body parts of others.

Thou Shall Not Steal-All rapine and theft are forbidden by this precept; as well national and commercial wrongs as petty larceny, highway robberies, and private stealing: even the taking advantage of a seller’s or buyer’s ignorance, to give the one less and make the other pay more for a commodity than its worth, is a breach of this sacred law. All withholding of rights and doing of wrongs are against the spirit of it. But the word is principally applicable to clandestine stealing, though it may undoubtedly include all political injustice and private wrongs. And consequently all kidnapping, crimping, and slave-dealing are prohibited here, whether practiced by individuals or by the state. Crimes are not lessened in their demerit by the number, or political importance of those who commit them. A state that enacts bad laws is as criminal before God as the individual who breaks good ones. *Courtesy of Clarke’s Commentary on the Bible*

What will it take to stop the beggaring of every person in the U.S.A. but for a few?
Drug dealing and Slaving people out are against the Law.
I’d say it’s time to free the Slaves (meaning good people who produce and work hard), toss the Drug Dealers in a dark DEEP hole some place, and cold turkey for all the druggie junkies.

Lord what do you need me to do?

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Larry Eastbay
December 11, 2012 8:35 pm

“Lord what do you need me to do?”

That is the bottom line. I ask for this guidance daily. So far the answer seems to be “Wait”.

LadyImpactOhio
December 11, 2012 9:12 pm

If Obama does try and do this, which has been rumored for the last couple of years, this could indeed be the catalyst that makes people take to the streets. I read one article a couple weeks ago where a woman was complaining “it wasn’t FAIR” she couldn’t afford a 401K.

bobmontgomery
December 11, 2012 10:09 pm

Forced entry into contracts (Obamacare individual mandate). If the government can force you to enter into a contract, the government can annul your contract. If your government can force you to surrender your wealth (property) in order for your name to be placed into a health insurance exchange, the government can seize your wealth (property) whether its in a 401k, an IRA or buried in your back yard. There is nothing the government cannot force you to do and nothing the government cannot take from you. There are a lot of intelligent observers out there who understand all this but… Read more »

JadedByPolitics
December 12, 2012 6:22 am

I told my husband there isn’t a middle class employee that doesn’t have a 401K whether its a couple thousand or 10’s of thousands put in each year, if these snakes go after them, I do believe we see a rising up of the middle class that Obama lies about wanting to help.