which comes as no surprise to those of us with a working brain.
One, Social Security, a Democrat PONZI scam, was originally touted as a program to help widows and orphans. You know, do it for the chilllldddrennnnn. Imagine, the Democrats have been using this line of bullshit since the 30′s and it still WORKS! It, of course, was MANDATORY (Congress was exempt until Ronaldus Magnus forced them into it) and they skimmed about 1% from the employee and the same from the employer. Then it morphed into a national retirement system that also supports millions of illegal aliens (who do not pay into it) and they forcibly seize 7% of your money and the same from your employer.
It has been looted by the Dems to pay for Vietnam, foreign aid, to buy votes and they’ve looted it to the point where it is bankrupt and only the newest workers paying into it, who will never see a dime of it, keep it afloat. Social security is nothing more than another Federal tax.
NOW, the Kenyan Affirmative Action President wants to create a NEW national retirement system. (Look out for your IRAs/401Ks America).
EXCERPT: “The accounts, which Obama announced yesterday in a State of the Union address that concentrated on expanding economic opportunity, will be aimed at workers who don’t have access to a 401(k) plan, administration officials said. The “MyRA” plans, similar to individual retirement accounts, will provide “a new way for working Americans to start their own retirement savings,” Obama said.
Under the proposal, workers could have part of their pay deducted for deposit into an account invested in U.S. government bonds that would be treated for tax purposes as a Roth individual retirement account, with future earnings tax-free. The accounts would be open to people with annual household income up to $191,000 whose employers choose to participate, according to a White House fact sheet.”
Now, two things. One, once the government gets their boogerhooks on your money in this Ponzi scam, they’ll loot the piss out of it to fund the government, buy votes, and bail out their homies, and you’ll end up with an IOU. Two, the fund has a GUARANTEED return. In other words, if the market sucks, the fund will be subsidized with taxpayer dollars because NOT ONE government program works. How’s that 17.3 TRILLION DOLLAR DEBT and 120 TRILLION in unfunded liabilities working for you America?
Lastly, this is just the first step by the Left towards looting the tens of trillions of dollars in private savings, 401K, IRAs, etc, that the Left has been drooling over for a very long time, in some bullshit national retirement systems, means tested (that means they tell YOU what YOU need to live on), like the shitty system in Argentina.
Liar (sung to “Fire” by the Ohio Players. Dedicated to The Kenyan)
The way you walk and talk really sets me off
To a fuller hate, Obama, yes, it does, uh
The way you lie makes me want to die
the way you sleaze knocks to me my knees
‘Cause I’m pissed off you friggin asshole
The way you read that TOTUS
shows you’re a useless POTUS
And I’m so sick of you, Yeah! Woo, woo
The way you whine and moan
really makes me groan
Affirmative action got you in
and that’s a real goddamn sin
Got me mad as hell
Making me want to yell
That Obama can go to Hell