Now Obama wants your 401(k)

Do you want the incompetent government managing your private retirement? After they have mismanaged the post office, medicare, the Federal Reserve and social security? Of course, you won't have any more say in the matter than you had in Obamacare, with Pelosi and Reid railroading it through Congress over the Christmas holidays three years ago. The USA's money has run out and we have been living on credit for years. Do you trust politicians to manage your money?

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Bruce

"NEW YORK – Two years ago, as WND reported, the Obama administration was proceeding with a novel way to finance trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.

Remarkably, those financial professionals specializing in private retirement savings and the U.S. citizens investing in private retirement plans now face the possibility the Obama administration and its allies on the political left will impose rules and regulations that effectively abolish the private retirement savings and investment markets.

Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt."