Dear Fellow Citizen,
The government is coming after your private retirement accounts.
They say it is for your own good. Are you going to let them get away with it?
How long are you going to tolerate this
kind of contemptible behavior by Washington politicians?
How long are you going to sit on your couch and whine and complain about how bad things are andcontinue to give
these horrid people a free pass?
First the government
and their banker croniesdebauched the currency
and destroyed economic growth.
Properly measured, unemployment approaches 15 percent
, the prices
of food and energy are rising rapidly
and soon will be followed by price increases
for other items. The Fed just keeps printing money,
and the Congress just keeps spending it.
The federal government is on a spending spree
and borrowing binge
unsurpassed in peacetime. The President and members of his party in the Congress are threatening to default on the national debt
if they are not allowed to borrow trillions more
than the $14.3 trillion
they’ve already run up in debt.
Meanwhile, the president is running around forgiving debt owed to the United States by foreigners
, Egypt being just the latest example.
It is not just
and the Obama White House
who are behaving abominably.
There is a scandalous bipartisan push
to raise taxes
and cut Medicare
and Social Security
. Republicans talk a lot
when it comes to cutting spending but they never manage to do so
. They would much rather bicker with the Democrats over long-range “reform” schemes that don’t really cut spending for a decade. It’s all a scam
, a slight of hand trick, and you Mr. or Ms. American citizen are the mark.
Now on top of it all, they also want to go after your 401k Account.
Well, that’s understandable. Like any other thief, government goes where the money is. Government is broke, and so they are coming after your retirement funds.
It's your money
, and in this time of economic turmoil—turmoil created by the government itself—an unprecedented number of people, about 28-percent, have dipped into their 401-K retirement funds to help make ends meet
. But now there is a bi-partisan scheme to prevent people from having full access to their own private money in their retirement accounts.
Government doesn’t want you able to take care of yourself.
First they wouldimpoverish you
and then they offer you handouts
to take care of you. Don’t you smell something a little bit fishy here?
Senators Herb Kohl (D-Wisc.) and Sen. Mike Enzi (R-Wy.) have decided they know better than you
how to manage your own money,
so they have introduced a bill to limit
the number of loans
401-k holders may take fromtheir own accounts. Can you believe it?
These characters want to limit the amount of money you can loan yourself?
Kohl and Enzi also want to make it as difficult for you to tap into your 401k accounts for emergencies
by placing a ban of debit and credit cards that can withdraw money directly from your 401-K account. They argue that people having free access
to all of their money whenever they want
represents a “leakage”
that government has to staunch
. That’s why they call their little bill the SEAL Act
(''Savings Enhancement by Alleviating Leakage
in 401(k) Savings Act of 2011'').
Aren’t they cute?
Well, these two jokers may think they are cute now but they won’t find it so funny if you the voters rise up in opposition to their Nanny-State antics!
Senator Enzi pretends to be a conservative
who defends freedom, and he turns out to be just another money-grasping politician on a power trip
who thinks he knows what’s best for you.
Have they no shame, you ask?
Of course not. They are shameful.
The only thing they understand is voter resistance
because all they care about is keeping their seat in Congress.
Unfortunately, most voters are too uninformed or passive to express their outrage at Washington’s continued shenanigans. Politicians prey
on these voters the way child predators prey on defenseless children.
That is why it is up to the active minority of well-informed, committed citizens such as you to carry the load for the rest of the country.
Once roused, the American public is an awesome force, but politicians have figured out how to keep the public placid
—drugged on dependency
—while they pick people’s pockets and strip them of their freedom
. It may not be fair but that’s the way it has always been, and it won’t change anytime soon. It is up to you!
Senators Kohl and Enzi give the usual excuses for their reprehensible grasp for more power. The government has to protect us from ourselves
, they claim.
Well, the last time I read the Constitution
, it isn’t politicians’ job to protect us from ourselves.
The biggest threat to us is the government itself
, and the Constitution is very clear in laying out limited powers for the government and numerous and explicit protections against government. Politicians today
simply ignore the Constitution
, and the American public seems willing to go along. Are you willing to go along
with a complete governmenttakeover of everything
, including how you manage your own money?
How you manage your own money is none of politicians’ and bureaucrats’ business.
Government should butt out.
It would be hilarious if it weren’t so tragic. Governments can’t balance their own check books—the federal government alone now borrows more than 40 percent of what it consumes
—and politicians want to lecture
individual citizens on how to manage their own money?
It is absurd for politicians to lecture anyone about what is and isn’t a good investment or how to be responsible with their money!
These same people who have been colossal failures
at handling the public’s money are now trying to tell us what to do with our money. These clowns have no idea what they are doing—they are stuck on stupid—but they want to dictate how we manage our own money. It is disgraceful.
And make no mistake; it won’t stop here!
This power grab is merely a precursor to what we’ve already seen in Argentina and Europe where government eventually just confiscated private pension plans and retirement accounts.
Suppose you never put your money in a 401k account. You would be able to use it. So, why does government think it has the right or makes any sense to tell you once you’ve saved the money that you cannot use any of it?
What do you think that will do to people’s incentive to save in the first place?
People will say, the heck with this, I won’t tie-up my money. Which, of course politicians will love
because it will just give them an excuse to tax people
more in the name of “forcing them to save for their own good.”
As usual with busybody government meddling, it has exactly the opposite effect
of what the politicians claim
it was intended to do. Government meddling is always counterproductive
, it always leads to the opposite of what it intends. People are not stupid when it comes to their own money. They will find a way around the government’s snooping and meddling. The problem is, the cost of doing so is enormous and so everyone suffers
and everyone ends up worse off when it’s all said and done.
The only way government can stop people from getting around unjust, ridiculous government regulations is to create such a tyranny that there is no more freedom. That is where this is leading
, this insidious philosophy of government getting into our business at every level
—government wants to control your every action
from what you eat
to what you drive
, from how you raise your kids
to how you manage your own money
. It is total government control
and Senators Kohl and Enzi are forging one more link in the chains that government intends to bind you with if you don’t rise up and stop them. It’s up to you!