DON’T LET OBAMA GET HIS GRUBBY
HANDS
INTO YOUR RETIREMENT ACCOUNT!!!
Here’s what is going on.
The cash-strapped Obama Administration’s unofficial 401(k) nationalization czar is utopian New School for Social Research academic, Teresa Ghillarducci—who was dubbed by U.S. News and World Report as “the most dangerous woman in American” after she appeared before Congress to testify in favor of government seizing 401(k)s and other retirement assets.
The “Most Dangerous Woman in
America”
Who Helped Obama Rip Off GM Bond
Holders
Now Wants YOUR Retirement Money
Following her Congressional testimony at a 2008 hearing to begin ending 401(K) and IRA tax advantages, Ghilarducci admitted on conservative talk show host Wilbur Kirby’s KVI 570 show in Seattle the truth about the left’s scheme for gaining control of private retirement accounts:
“I’m just rearranging the tax breaks that are available now for the 401(k)s and spreading (here she paused briefly to consider her words) spreading the wealth…”
Obama administration officials and their leftist allies in Congress have zeroed in on over $15 trillion in 401(k)s, IRAs, 403(b)s, and other accounts – and only a grassroots bonfire of opposition will ultimately stop them.
Why? Major state pension funds, state governments, and the entire federal entitlement program structure are on the verge of collapse and in need of bailouts due to collapsing tax revenues.