We understand everything that Obama has promised. He will go it alone and take all actions necessary to move the country into a dictatorship. He will take these executive orders into areas never seen by any US President.
The areas of importance he emphasized:
"...Obama and the Democrats are increasingly emphasizing their economic agenda – not only a universal minimum wage hike but other policies like unemployment benefits, retirement security and comprehensive immigration reform, which they say will help the working classes do better in an economic recovery where a large bulk of the gains have gone to the wealthy."
We understand many of the things about which he was talking except "retirement security." We do not understand that comment, however, our fear is that it means that everyone will be guaranteed a retirement--whatever that could be interpreted. Does it mean that the government will give you a mid-six figure retirement? Does it mean that Social Security will be increased? Or does it mean that anyone with over $500,000 (an arbitrary number) in IRAs, 401 (K)s or 403 (b)s would have to turn them over to the government? Or does it mean rolling over your retirement vehicles into Social Security, regardless of the amount you have in the accounts?
Heck, everyone wants a retirement but is it the job of the government to provide it for you or should you have been thinking about that throughout your working years? Hasn't the government given you enough opportunities (IRA, Roth IRA, 401(k), 403(b), 457, Simple Plans, Pension Plans to name just a few) to put money away both pre and post tax?
Many will respond that most people have not been able to save because they needed that new TV, big house, new car or cell phone. Sometimes people are the grasshopper (who doesn't save anything during the summer and dies in the cold) and sometimes they are the ant who puts away food for the winter all during the summer and lives. We need to teach people to be ants!
The last question we should be asking is--how is this going to be paid for? Yes, we know that is negative thing to be considering when people just want to retire and get something from the government! However, don't you think in the time of $17 trillion dollar (declared) debt we should be considering how we will pay for it?
We fear we will find out very soon what Obama means by "retirement security" and how he plans to accomplish it. We believe it will entail significantly more government spending, be means tested and leave less to individual decision making. In other words, it will be take more control over our lives. That is the Obama way.
Hold on the next three years are going to be a remarkably depressing ride.
Conservative Tom
February 14, 2014, 11:49 am
The areas of importance he emphasized:
"...Obama and the Democrats are increasingly emphasizing their economic agenda – not only a universal minimum wage hike but other policies like unemployment benefits, retirement security and comprehensive immigration reform, which they say will help the working classes do better in an economic recovery where a large bulk of the gains have gone to the wealthy."
We understand many of the things about which he was talking except "retirement security." We do not understand that comment, however, our fear is that it means that everyone will be guaranteed a retirement--whatever that could be interpreted. Does it mean that the government will give you a mid-six figure retirement? Does it mean that Social Security will be increased? Or does it mean that anyone with over $500,000 (an arbitrary number) in IRAs, 401 (K)s or 403 (b)s would have to turn them over to the government? Or does it mean rolling over your retirement vehicles into Social Security, regardless of the amount you have in the accounts?
Heck, everyone wants a retirement but is it the job of the government to provide it for you or should you have been thinking about that throughout your working years? Hasn't the government given you enough opportunities (IRA, Roth IRA, 401(k), 403(b), 457, Simple Plans, Pension Plans to name just a few) to put money away both pre and post tax?
Many will respond that most people have not been able to save because they needed that new TV, big house, new car or cell phone. Sometimes people are the grasshopper (who doesn't save anything during the summer and dies in the cold) and sometimes they are the ant who puts away food for the winter all during the summer and lives. We need to teach people to be ants!
The last question we should be asking is--how is this going to be paid for? Yes, we know that is negative thing to be considering when people just want to retire and get something from the government! However, don't you think in the time of $17 trillion dollar (declared) debt we should be considering how we will pay for it?
We fear we will find out very soon what Obama means by "retirement security" and how he plans to accomplish it. We believe it will entail significantly more government spending, be means tested and leave less to individual decision making. In other words, it will be take more control over our lives. That is the Obama way.
Hold on the next three years are going to be a remarkably depressing ride.
Conservative Tom
February 14, 2014, 11:49 am
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