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| Teresa Ghilarducci wants your 401K |
It's a golden autumn day in the Finger Lakes. Enjoy the view as you head to the fire hall, school, church, Legion, highway barn, auto showroom, library, village hall, town hall, or wherever you vote today.
Before you mark your ballot, please be aware of a hearing held in Congress down in Washington, DC on October 7. A scheme to confiscate tax-deferred retirement accounts, such as your 401K, has been around since the Clinton administration. After today's election, lame duck Democrats may have the opportunity to make this happen.
Before you mark your ballot, please be aware of a hearing held in Congress down in Washington, DC on October 7. A scheme to confiscate tax-deferred retirement accounts, such as your 401K, has been around since the Clinton administration. After today's election, lame duck Democrats may have the opportunity to make this happen.
Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous "Guaranteed Retirement Account" (GRA) authored by Theresa Guilarducci....
In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a "fair" pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
Before you vote, read the rest at Humans Events, and be sure to listen to Mark Levin's interview with Professor Guilarducci.
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