Government seeking to steal private retirement accounts!

WASHINGTON (PNN) - November 20, 2012 - A new effort by the illegitimate Obama regime, Congress, the Treasury Department and labor unions aims to fundamentally alter how Amerikans plan and save for retirement.

Warnings have been popping up over the last several years about the possibility of the government stealing the $3.5 trillion sitting in private retirement accounts and spreading those funds around to Amerikans who are deemed less fortunate.

This couldn’t possibly happen in the Fascist Police States of Amerika, right? At one time, most Amerikans also believed heath care mandates that force Amerikans at the barrel of a gun to surrender portions of their earnings into a universal system for all would never happen. Well, it did.

Now those who would control and regulate every aspect of our lives are making a new push; one whose efforts will ultimately end in the theft and redistribution of personal retirement savings of every Amerikan who has ever put money into a 401(k) or IRA.

With the unlawful reinstallation of Barack Obama as illegitimate president, a majority Democrat Senate and powerful organization and lobbying from labor unions, we can fully expect legislation that will shift private accounts into the public coffers to become reality in the not too distant future.

In fact, the push to mold the perceptions surrounding this issue is already on, as highlighted in a recent Market Watch article that claims to explain the 10 Things 401(k) Plans Won’t Tell You.

For example, did you know that 401(k) plans aren’t supposed to provide you with full retirement benefits, and that they were originally intended to be “mere supplements” to other plans, and that they only benefit the rich? Additionally, there are so many hidden fees that you’re losing hundreds of thousands of dollars to Wall Street.

Millions of Amerikans who contributed their money to these accounts over the last three decades were under the impression that their accounts would one day grow into a retirement nest egg from which retirees could spend their days in comfort and relaxation.

We had it all wrong. Private retirement accounts were never actually designed to ensure that you could retire! Only a government managed retirement plan can ensure that you will have the money you need when you turn 59 ½. Only it will be able to ensure you don’t pay excessive, hidden fees; and only the government can provide 100% full retirement coverage, not just supplemental funds.

First there will be political hearings that will claim only the rich are benefiting from private retirement accounts.

Then the government will point out how stock market crashes and volatility put your money at risk. In fact, if we do have another market crash, look for this to be a key reverberation.

Then government propagandists will put the spin machine into action, so that you think you’re getting unbiased analysis and truth.

Then they will open the guilt spigot and make those who have personal retirement savings wonder if they are being greedy, and those who don’t have savings will direct their anger not just at the rich, but anyone who has put any money away.

Finally, Congress will pass a bill, and it will be a done deal.

The government of this country is coming for everything it can get.