Stop Obamas Push 4 a New NATL Retirement System!
Posted in the African-American Forum
#1 Nov 20, 2012
If you never do anything else, do this for your elderly. Please copy/paste and send this to all your friends and urge them to sign the petition.
Stop Obamas Push for a New National Retirement System!
Now that hes been reelected, Barack Obama will fight hard to impose his vision of a new National Retirement System in which ordinary Americans are forced to turn over their private retirement savings to the federal government in return for a government-controlled annuity.
Its like ObamaCare for your retirement savings!
The liberal Pension Rights Center says the government needs to crack down on private retirement accounts because 401k plans and IRAs are unfair to poor people. This group wants the Obama administration set up a "government-sponsored program administered by the PBGC (the governments Pension Benefit Guarantee Corporation)." And Obamas labor Department is following their advice. National Seniors Council representatives have even attended one meeting where Administration officials raged on how unfair 401(k) plans are to the disadvantaged and how their dream is to set up a giant government-run pension system!
The American people need to fight back. Please sign the National Seniors Council petition below and tell Barack Obama to keep his hands off your private retirement savings! To sign NSC's emergency petition against Obama's new National Retirement System scheme, just click here: https://seniorscouncil.activistmanager.com/ ...
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.
The hearing, held in the Labor Departments main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
"This hearing was set up to explore why Americans are not saving as much for their retirement as they could," explains 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. He also appears to be one of the Administrations point man on this issue.
"This whole issue is moving forward very quickly," warns Crone. "Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employees paycheck would be automatically deducted and deposited into this account.
#2 Nov 20, 2012
Page 2. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts."
NSC has taken the lead in warning the nation about this new government onslaught and is plotting ways to stop it.
"This effort ultimately is designed to grab the retirement nest eggs of Americas 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 Americas 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." Just tell Barack Obama to keep his hands off your private retirement savings by clicking here: https://seniorscouncil.activistmanager.com/ ...
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