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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  7/23/2014
MONDAY, NOV 26, 2012  |  10 comments
Now Obama wants your 401(k)

Two years ago, as WND reported, the Obama administration was proceeding with a novel way to finance trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.

Remarkably, those financial professionals specializing in private retirement savings and the U.S. citizens investing in private retirement plans now face the possibility the Obama administration and its allies on the political left will impose rules and regulations that effectively abolish the private retirement savings and investment markets.

Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement ...

CLICK HERE to Read Entire Article

Why Should We Be Debt-Free?
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· Page 1 ·  Found: 10 user comment(s)
News Item11/27/12 7:46 AM
Christopher000 | Rhode Island  Find all comments by Christopher000
I do trust in Him but it will still make me angry because they already steal 40% of my income and use it in part to fund their lavish dinners, vacations, etc.

News Item11/26/12 5:11 PM
The poster formerly known as Russ | Texas  Find all comments by The poster formerly known as Russ
I'm down with keeping your own savings, but maxing out your credit cards without the intent to pay it back is simply stealing.

News Item11/26/12 4:55 PM
Beverly Martin | Beulah Land  Find all comments by Beverly Martin
This story confirms it for me!
I'm going to keep all my savings under the mattress (and max out on my credit cards so I won't have any savings for the govt to come after!)

News Item11/26/12 2:38 PM
Neil | Tucson  Find all comments by Neil
If this is indeed the case (never know whether to trust WND as a news source), then simply take the tax hit & liquidate your 401K, & invest in something that doesn't have "United States" printed on it, IAW Prov. 27:12.

News Item11/26/12 12:40 PM
1517  Find all comments by 1517

My point was not to advocate a "let go and let God" position, but to remind Christians that God is still there and allows or decrees all things on this earth. Even if you prep, pull your investments out, on and on, God's WILL be done. He has your 401k as well as Obama's life in His hands. That was my point. That is what needs to be emphasized, not hand wringing head for the fall out shelters. We are sojourners, not permanent residents.


News Item11/26/12 10:34 AM
Lurker  Protected NameFind all comments by Lurker
jpw wrote:
we have been conditioned to do nothing.
And the same Christians who shout 'Don't fret,' "God is in control" sit on their comfy pews and refuse to go out in the highways and byways and compel the lost and perishing to come into God's house (which is not a building made by hands, btw) so it may be full.

God uses means. Christians need to fight against another government takeover or hold our peace when it becomes the law of the land.


News Item11/26/12 10:07 AM
jpw  Find all comments by jpw
I knew people who pulled their investments before the housing bubble, bailout crash and did fine. I heard of others who left their money in and lost most of it.

I also dodge huge busses coming directly at me when walking down the road.

that's why 1517.

it's good to be informed. the Jewish people who fled the camps through Holland survived and those who remained did not.

funny how Christians want to not know.

when a snowstorm comes do we not pull out candles, warm blankets, and food, water?

but HS calls preppers dangerous, while the preppers of NY were kept from digging in trash bins.

we have been conditioned to do nothing.


News Item11/26/12 10:04 AM
future aspect  Find all comments by future aspect
"to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt"

**The United Socialist States of America.**

Obama and the (very Liberal) Democrat party are leading America to Big Brother - A socialist run country. Capitalism is dying. And the sad thing about it is that this is what the people voted for - Because of the new majority variegated ethnic face of America.

Soon America will be just like Europe and the UK with the acrid smell of socialism permeating every facet of society government and life. A growing population of Bureaucrats will tell the people what to think, what to say and what to do.


News Item11/26/12 9:53 AM
1517  Find all comments by 1517
Is GOD still in control? Why is this on a Christian website? If GOD providentially allows this to happen, then it will happen. Trust in Him and stop wringing your hands because of this conspicuously Godless administration.

News Item11/26/12 7:05 AM
Christopher000 | Rhode Island  Find all comments by Christopher000
I had been wondering what would be next. Great.
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