Warning: The Government Will Violate Two Commandments

The warnings of a government takeover of your tax-differed retirement plans are coming more frequently. Vision To America just told us:

Last January 18th, in a little noticed interview of Richard Cordray, acting head of the Consumer Financial Protection Bureau, Bloomberg reported “[t]he U.S. Consumer Financial Protection Bureau [CFPB] is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.” That thought generates some skepticism, as aptly expressed by the Richard Terrell cartoon published by American Thinker.

Days later On January 24th President Obama renominated Cordray as CFPB director even though his recess appointment was not due to expire until the end of 2013.

When there is $19.4 trillion sitting there, it’s hard for the government to resist the temptation of seizure. I expect when there’s no one left who will loan the government any more money, your assets will be seized and you will be forced to buy treasuries to fund Social Security or Medicare.

The governments covets your tax-differed assets and will steal them soon.


Discussion Area - Leave a Comment




Copyright © 2007 Mover Mike. Design by Anthony Baggett.