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September 05, 2010, 18:18
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#1 |
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Registered
FALaholic #: 17482 Join Date: May 2005
Location: west coast
Posts: 5,348
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Banking Crisis Worsens
"Just to show you how out of touch with reality the administration and Congress is the Democrats have introduced two new bills, The Debt Free America Act, HR 4646, which would put a 1% sales tax on credit card and securities transactions in the US and the Automatic IRA Act of 2010, which would decree a mandatory payroll tax on all workers of 3%, to be used to purchase government retirement bonds. That tax is expected to rise to 15% within three years. "
http://www.freerepublic.com/focus/f-news/2583739/posts So they have stolen our SS money and now want another 15% jim |
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September 05, 2010, 18:53
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#2 |
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Registered
FALaholic #: 129 Join Date: Jul 2000
Location: phx az
Posts: 10,429
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heh... so maybe they decided taking existing retirement accts was too - ahem- complicated - no sweat, they will just steal more from this point on...
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September 05, 2010, 19:16
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#3 | |
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Registered
FALaholic #: 12779 Join Date: Dec 2003
Location: elsewhere
Posts: 12,354
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Re: Banking Crisis Worsens
Quote:
__________________
"A piss-ant is hard to track across the Rock of Ages." --Martin35 on Dumbass Bill's value to the Files. |
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September 05, 2010, 19:55
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#4 | |
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Registered
Bronze Contributor
FALaholic #: 13162 Join Date: Jan 2004
Location: Iowa
Posts: 5,981
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Re: Re: Banking Crisis Worsens
Quote:
Yep,paper tigers aren't all that scary............
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Anything not under government control is,by definition,out of control. Don't piss down my back and tell me it's raining. When is it time to pick up your rifle? When your conscience cannot abide to see it unused. 1gewehr 8/3/05 |
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September 05, 2010, 21:52
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#5 | |
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Registered
FALaholic #: 27406 Join Date: Mar 2007
Posts: 11,016
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Re: Banking Crisis Worsens
Quote:
Sorta history repeatin' itself. |
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September 05, 2010, 22:44
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#6 | |
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Registered
FALaholic #: 5782 Join Date: Mar 2002
Location: CALI
Posts: 2,843
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Re: Re: Banking Crisis Worsens
Quote:
dont know if could have stood by and watched that 
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Bring back the Chicken Mitt ! |
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September 07, 2010, 02:09
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#7 |
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Registered
FALaholic #: 1021 Join Date: Sep 2000
Location: North Texas
Posts: 2,613
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Af gan... expect a short bank run in the US early Tuesday.
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Skilter Native Texan Illegitimi Non Carborundum -------------------------------------------- M 7:7-14 tells you all you need to know. |
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September 07, 2010, 14:11
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#8 | |
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Curio & Relic
Bronze Contributor
Silver Contributor FALaholic #: 29165 Join Date: May 2007
Location: WA
Posts: 2,003
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Quote:
"This Automatic IRA Act is a foot in the door for financing government deficits. It will be followed by legislation that will force present IRA, 401k and all retirement plans to purchase retirement treasury bonds, which will be called, Guaranteed Government Annuities. This has been buried within the Automatic IRA legislation. " Dunno if the text of this bill is online yet, but it would be interesting to see if it actually has text in it affecting existing retirement accounts.
__________________
"Posterity! You will never know, how much it cost the present Generation, to preserve your Freedom! I hope you will make a good Use of it. If you do not, I shall repent in Heaven, that I ever took half the Pains to preserve it." -- John Adams "Guard with jealous attention the public liberty. Suspect every one who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are ruined." - Patrick Henry "It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." -- Samuel Adams "Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their consciences." -- C.S. Lewis |
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