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February 3, 2010
The Feds Want Your Pension Funds
Topics: Political News and commentariesThe Obama administration wants to seize the $3 to $4 trillion in assets currently invested in our retirement plans. And if the administration has its way, the government would own all the assets, having taken them out of the private sector.
That would be in return for a promise that the government would make timed payouts -- monthly or whatever -- to the pensioners over the coming years. The government has already betrayed the public trust by spending the assets in the social security trust fund, leaving worthless IOU's as placeholders. Now they want to do this with our employee retirement plans and our personal retirement investments.As CFP notes, given the arrogance of these Statists, they actually believe they can do this and are salivating to do so.
It seems perfectly clear that Barack Obama thinks this is Venezuela and that he is Hugo Chavez.
Posted by Richard at February 3, 2010 8:29 PM
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