Urban Survival Secrets

The Govt and your IRA/401k

Did you know that the Obama Administration is trying to hijack your IRA. Yes, you have that correct. All under the guise of ERISA.

Apparently the Treasury Department believes that the American People are too stupid to invest on their own and that your IRA/401k institution (investment houses) are not going to do you right. Their plan: require you to invest 5% of YOUR hard earned money into government annuities (bonds).

Here is the problem. Once they start, it will not stop. Just like the change of Social Security retirement age under the Clinton Admin (if you are under 45, your new Social Security retirement age is 67!) another Dem president is trying to hold you in bondage.

Here is the question I need to ask: Who the hell do they think they are. We are overtaxed and under represented (especially in Washington DC). They – the admin – does not give a *%$& about us, just our paycheck. This amounts to an illegal tax.

I don’t know about you, I am calling a few of the non-democratic puppets in DC today (starting with John McCain and John Kyle) and giving them a piece of my mind.

Do you want to be subjegated to the US government. Can you trust that they will pay you back? Look at all the preferred stock holders in Chrysler and GM who got screwed by the Govt in favor of the Unions and other Special Interests (now that’s Hope and Change for you!)

And watch, they will do this under the cloak of Patriotism – yes, be patriotic, buy our socialistic derived debt!

Friggin Thieves!