In November 2012, WND reported the Obama administration was exploring a creative way to finance continuing trillion-dollar annual federal budget deficits through forcing private citizens holding IRA and 401(k) accounts to purchase Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.
Two years ago, WND reported the U.S. Department of Labor and the Treasury Department held joint hearings on whether government lifetime annuity options funded by U.S. Treasury debt should be required for private retirement accounts, including IRAs and 401(k) plans.
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Uncle Joe said this 3 years ago about converting peoples 401k to treasury bonds.Bend over because 401k holders are getting ready to be reamed.
ReplyDeleteOkay, haven't we learned from social security, our deficit etc. Do you really want the government managing your money?
ReplyDeleteAnother fund for them to raid for their overspending.
ReplyDeleteIsn't this what G.W.Bush wanted to do with Social Security.
ReplyDeleteWrong again 1:26. You are entitled to your own opinion, but not your own facts. Review your current history if you want the truth. Never mind-you don't really want the truth, do you? All you want to do is spout more commie propaganda to make excuses for your poor excuse of a "president".
ReplyDeleteConvert your 401K to an IRA as soon as possible.
ReplyDeleteHe's just trying to find a way to sell all those worthless US bonds that the FED stopped gobbling up. Your "profit" won't even keep up with inflation.
ReplyDelete