Zim: I have a very hard time believing that anybody
who has an IRA or a 401K would vote for a democrat.
http://imkane.wordpress.com/2010/05/18/democrats-plan-to-seize-your-401ks-and-iras/
DEMOCRATS PLAN TO SEIZE YOUR 401(K)S AND IRAS
May 18, 2010 by I.M. Kane
“Don’t think Washington would never wreck private pensions in the name of the collective good. It happened in Argentina, and if the same group that’s determined to take over the U.S. health care system stays in power long enough, it could happen here.”—Investors Business Daily
Brother O and the Democrat Party want to do away with the private-sector’s 401(k) system and replace it with a government-run investment plan. Under the plan, the government would seize the retirement savings of Americans in exchange for a promissory monthly benefit check during their retirement years, i.e., the government plan would treat private retirement savings the same way it has treated Social Security.
Although the government does have a moral obligation to pay Social Security benefits, it does not have a legal obligation to do so. In 1960, the United States Supreme Court ruled that a person does not have a “contractual earned right” to receive Social Security benefits.
The Democrats plan to loot America’s retirement savings to fund their government programs and Marxist schemes.
(CrossPosted By: Zim.)
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