Obama's New Retirement Plan is Ruse to Sell Treasury Debt

[Clementine]

We don't need this kind of help. It's destructive.

Packaged as a new retirement-savers plan designed for workers whose employers do not offer IRAs or 401(k), President Obama announced in his State of the Union address Tuesday an initiative that allows first-time savers to start building up their savings in Treasury bonds that could eventually be converted into traditional IRAs or 401(k) plans.

While it is not as onerous as an Obama administration directive demanding a certain percentage of individual retirement savings must be invested in U.S. Treasury bonds, it is a first step in that direction.

With the Obama administration having run federal budget deficits in the range of $1 trillion every year in office since 2009, and with the Federal Reserve announcing a new policy to “taper” Quantitative Easing by buying $10 billion a month less in U.S. government debt every month this year until QE hits zero, somebody has to buy all the Treasury debt the Obama administration plans to issue.

Obama step closer to seizing retirement accounts
Read more at Obama step closer to seizing retirement accounts

 

[bripat9643]

We don't need this kind of help. It's destructive.

Packaged as a new retirement-savers plan designed for workers whose employers do not offer IRAs or 401(k), President Obama announced in his State of the Union address Tuesday an initiative that allows first-time savers to start building up their savings in Treasury bonds that could eventually be converted into traditional IRAs or 401(k) plans.

While it is not as onerous as an Obama administration directive demanding a certain percentage of individual retirement savings must be invested in U.S. Treasury bonds, it is a first step in that direction.

With the Obama administration having run federal budget deficits in the range of $1 trillion every year in office since 2009, and with the Federal Reserve announcing a new policy to “taper” Quantitative Easing by buying $10 billion a month less in U.S. government debt every month this year until QE hits zero, somebody has to buy all the Treasury debt the Obama administration plans to issue.

Obama step closer to seizing retirement accounts
Read more at Obama step closer to seizing retirement accounts

If that ever happens the revolution will commence.

 

[Clementine]

We don't need this kind of help. It's destructive.

Packaged as a new retirement-savers plan designed for workers whose employers do not offer IRAs or 401(k), President Obama announced in his State of the Union address Tuesday an initiative that allows first-time savers to start building up their savings in Treasury bonds that could eventually be converted into traditional IRAs or 401(k) plans.

While it is not as onerous as an Obama administration directive demanding a certain percentage of individual retirement savings must be invested in U.S. Treasury bonds, it is a first step in that direction.

With the Obama administration having run federal budget deficits in the range of $1 trillion every year in office since 2009, and with the Federal Reserve announcing a new policy to “taper” Quantitative Easing by buying $10 billion a month less in U.S. government debt every month this year until QE hits zero, somebody has to buy all the Treasury debt the Obama administration plans to issue.

Obama step closer to seizing retirement accounts
Read more at Obama step closer to seizing retirement accounts

If that ever happens the revolution will commence.

That is why they lie about the purpose of their policies.

If any of the socialist or communist ideas were introduced honestly, they'd be rejected big time. That is why they inch their way, one baby step at a time, all under the guise of doing things for the greater good. When the truth comes out and we see how bad their ideas are, like with Obamacare, it's a done deal and turning back is difficult. Government gains more power with each new law they pass these days and we become that much more oppressed.

 

[bripat9643]

We don't need this kind of help. It's destructive.



Obama step closer to seizing retirement accounts
Read more at Obama step closer to seizing retirement accounts

If that ever happens the revolution will commence.

That is why they lie about the purpose of their policies.

If any of the socialist or communist ideas were introduced honestly, they'd be rejected big time. That is why they inch their way, one baby step at a time, all under the guise of doing things for the greater good. When the truth comes out and we see how bad their ideas are, like with Obamacare, it's a done deal and turning back is difficult. Government gains more power with each new law they pass these days and we become that much more oppressed.

If that ever passed millions of people would start withdrawing their money from their 401K plans, and the stock market would go into a tail spin.