Latest Negative Obama email-National Retirement System

[MichiganVote]

A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administrations effort to nationalize the nations pension system and to eliminate private retirement accounts including IRAs and 401k plans, NSC is warning.

LINK: http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=89 bama-begins-push-for-new-national-retirement-system&catid=34:social-security&Itemid=62

Anyone know anything about this?

[another_liberal]

1. B. S. alert . . .

B. S. alert on this one. Looks like a Troll post if I ever saw one. Check his source.

[elleng]

2. A 'new' propaganda arm, sounds like.

'National Seniors Council National Director Robert Crone, "However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up."
A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a "government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation)." She proclaimed that even "private annuities are problematic."
Such "reforms" would effectively end private retirement accounts in America, Crone warns. "These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system."
Deputy Treasury Secretary J. Mark Iwry, who presided over the hearing, is a long-time critic of 401k plans because he believes they benefit the rich.'

[another_liberal]

4. It's those damn Commies again!

"This effort ultimately is designed to grab the retirement nest eggs of America’s senior citizens. This new government annuity scheme, even if it is at first optional, will turn into a giant effort to redistribute the wealth of America’s older citizens," explains Crone. "This scheme mirrors what I expect the President will try to do with Social Security. He wants to turn that program into a welfare program, too."

This is pure Obama-bashing B.S.

[elleng]

5. Right, sure is.

[okaawhatever]

3. The "National Seniors Council" needs to be out for the fraud that it is. How can we defeat a GOP

that funds these bs "grass roots orgs" and tells manipulative lies. it looks legit. Most can't see the agenda. We've got to do something about supposed charitable organizations.

[okaawhatever]

6. Factcheck.org has featured this link below. Total BS and so is the NSC's purpose

http://factcheck.org/2012/12/no-government-401k-takeover/

[MichiganVote]

7. Thanks, that's what I was looking for.

[Comrade_McKenzie]

8. Sounds like a good idea. Confiscate them and add it to the SS fund. nt

[Isoldeblue]

9. BULLPUCKY

Someone need's to be reminded that the left is not as gullible as the right.

[MichiganVote]

10. So are you talking to me or to the moran that sent me an email with this stuff?

[Isoldeblue]

16. I said someone, because I don't know you

But whoever (whomever?) is responsible for making up that crap and sending it out there, is who I meant that for, specifically.

[tjwash]

11. a quick check FC dot org says it is bullshit

http://www.factcheck.org/2012/12/no-government-401k-takeover/

[MichiganVote]

12. Yup. I got it and sent the link on its way. Thanks.

[tjwash]

14. They are pretty whacked out...they kind of just spring up in 2009 right after the election.

Their website is a real piece of crap too. Looks like it was designed on an outdated program like frontpage-2001 or something, and never updated.

One thing though...they seem to be really good at hiding where they get their money from.

Superpac laundering point maybe?

[MichiganVote]

15. Well its not like a middle classer is funding em'. I think we know where all this stuff comes from.

[SheilaT]

13. Yeah, right. Saving your own money just shouldn't be allowed.

That's what eliminating private retirement accounts would do, confiscate everyone's savings.

On the other hand, imagine if everyone were actually required to spend all of their income very year. Okay, I know, some of you here are already doing that, but I'm thinking about the very wealthy. What would they spend it on? Would that enforced consumption actually benefit the economy? Hmmm.

[RB TexLa]

18. Force people to spend money? Are you serious?

[SheilaT]

19. Isn't it obvious I'm being sarcastic?

Although I must say, because I am equating not allowing private pensions or 401k's or the like, to me that is akin to not allowing savings, and then the next logical step seemed to be to force everyone to spend all of their money every year. Even if that were a serious idea, it would be so completely unworkable as to be quite funny.

Of course, I suppose the issue is the tax-preferred aspects of those retirement accounts, but in the end the tax-preferred part is insignificant to most people who have them. And, if I'm not totally confused, our FICA amount is excluded from our taxable income.

I am sincerely sorry if my previous post wasn't clear.

[okaawhatever]

17. BS Alert: Head of Natl Seniors Council is James Corsi T Party nut job who wrote Obama Nation

He also has alot of really out there conspiracy theories. Also, the address listed as the office for National Seniors Council is a "virtual office" in Arlington VA. Hmmmm

Here's an article on him at Media Matters


http://mediamatters.org/research/2004/08/06/mmfa-investigates-who-is-jerome-corsi-co-author/131607