SENATE HEARING: SEIZURE OF 401K ACCOUNTS MAY BE REALITY SOON
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Zim : This is an oldie . . from 2010 . . But if the demoncarps get back into power they might make it real.
Zim.
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http://www.shtfplan.com/headline-news/senate-hearing-seizure-of-401k-accounts-may-be-reality-soon_10112010
October 11th, 2010
Reports over the last couple years have suggested that the U.S. government would move to seize traditional 401k and IRA retirement accounts by rolling them into a government managed Guaranteed Retirement Account, or GRA. For the most part, save in alternative media circles, the reports have been dismissed as nothing more than an “idea” floating around.
But the bill has reportedly already been written and last Thursday, October 7, 2010, Congress held a recess hearing on the matter. The push to bailout union pensions and give more control of individual wealth to the U.S. government is underway.
Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.
Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.
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(Article does continue. Zim.)
Mad Poet Strikes Again.
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