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Pelosi, Reid, and Obama plan to take your 401k....

Submitted by Tessie101 on Thu, 11/06/2008 - 16:15
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Please read this article, and then seriously think about closing your 401k if you haven't already:

http://electivedecisions.wordpress.com/2008/10/25/reid-edwar...

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This idea was floated before a committee

Submitted by Romulus2009 on Thu, 11/06/2008 - 16:53.

by an outsider because no one in the government would dare present this idea ... it was done to gauge the reaction to such a change... not sure if this is residue from that story.

Freedom Isn't Free... Freedom costs a buck 'o five - Trey Parker

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R3VOLUTION - Secret Crowds

What can one do so that they

Submitted by Realdeal on Thu, 11/06/2008 - 16:51.

What can one do so that they can't touch your money? Are there any options at all especially if you are not old enough to touch it?

What else is new?

Submitted by JKap on Thu, 11/06/2008 - 16:50.

Just add it to the dozens of other ways that they steal our wealth from us.

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"An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it. Truth stands, even if there be no public support. It is self sustained." -Mahatma Gandhi

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"...a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people." -John F. Kennedy

is this for real?

Submitted by midwest_rpfan on Thu, 11/06/2008 - 16:30.

I think this is a joke... I believe it could happen, but the wording is strange in this article for me to believe.

Steve Miller for Congress 2008
Illinois District 7 (includes Chicago Loop west to Oak Park)
http://www.millerforcongress2008.com/

These types of ideas are

Submitted by cdbymatt on Thu, 11/06/2008 - 16:22.

These types of ideas are exactly why it was so critical that the Dems did not get their 60 seats in the senate.

What about my SEP-IRA? I am

Submitted by sierradawn on Thu, 11/06/2008 - 16:22.

What about my SEP-IRA? I am seriously thinking about closing that account and doing my own personal banking (in the long run). Check out www.infinitebanking.org

Here is a portion of an article that explains more...

Submitted by Tessie101 on Thu, 11/06/2008 - 16:42.

Dems Target Private Retirement Accounts
Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs

By Karen McMahan
November 04, 2008

RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.

see entire article here: http://www.carolinajournal.com/articles/display_story.html?i...