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Old 11-16-2012, 09:31   #33
Ruble Noon
Join Date: Feb 2009
Posts: 11,018
Originally Posted by G29Reload View Post
Ok, lets stop the scare tactics. Correction:

Obama DOES NOT begin push for new national retirement system.

This is a bunch of hooey from an advocacy group.


Not new. This is a little scary, but it was floated about 4 years ago just after he was first elected. Some lefties in congress mouthed off on the floor of the House about it.

Even in the then dem controlled congress it did not make traction.

And more importantly, NOW…

We've got divided government. He can't do it unilaterally. Has to come from Congress and so its a non starter. Calm down.
Democrats have been trying to get their grubby little mitts on private retirement accounts for a long time. Back in the '90's the Clinton administration proposed a 15% tax on private retirement accounts. If you will remember, this is what led to the republicans taking over the house in 1994.
If democrats gain control of all three branches again, look out.
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