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More taxes … IRA’s and 401k retirement accounts are soon to be ripped off as well.

December 12, 2012

I decided to edit this post because I wanted to highlight something I noticed about a week ago … and that is the government is strongly considering pilfering the retirement accounts of all Americans. At the end of 2010, there was an estimated 17.5 trillion dollars in United States retirement assets, including 3.1 trillion in 401k’s and 4.7 trillion in IRA’s.  If anyone thinks for a second the government doesn’t have its eye on that, they are living in a fantasy world.

Here is some information on how this is going to happen


All along we’ve been listening to Barack Hussein lie through his teeth about reducing the deficit via taxing the rich … who, in his not-so-humble opinion are those making $250,000 annually. Anyone with 1/3 of a brain knows this is total b.s.  But Obama’s pathetic plea of “why shouldn’t the ‘rich’ pay more” rings soundly to those who like nothing more than to see successful people punished. Little do the simple minded middle-class liberals realize their taxes are going up, way up as well. I find it odd that regular liberal folks are more than willing to suffer as long as in their minds the “rich” are having to suffer too.

I think the deal is most middle-class liberals are already miserable and unhappy that they aren’t rich, so they are willing to accept a little more misery as long as Obama keeps his promise to make the rich pay more. Liberals don’t give a damn about what Obama does with the new tax revenue … just as long as it comes from those more successful than they are.

I heard the other day that Jews are chapped that Obama continues to side with the enemy of Israel, yet about 70% of American Jews voted for the freak … go figure.  But I digress.

We have John Boehner, yes the same Tampon wearing, blubbering fool kissing Obama’s a$$ and here’s what he has to say about new taxes … “We have got to cut spending and I believe it is appropriate to put revenues on the table.  Now, the revenues that we are putting on the table are going to come from guess who? The rich.”

He said this conceding to Obama’s statement that,  “taxes are gonna go up one way or another.”

So, let’s see … Obama wants an increase in taxes to the tune of $1.6 TRILLION. Obama claims to cut the deficit (just like he promised 4 years ago). Boehner says “We have to cut spending”.  None of that is going to happen.

According to the following, Obama plans on using the newest rip-off of the American people for … yeah … new spending, not to reduce the deficit as this will increase the deficit considerably.


75 Percent of Obama’s Proposed Tax Hikes to Go Toward New Spending

The Weekly Standard


Seventy-five percent of the new revenue pulled in by President Barack Obama’s “fiscal cliff” plan would go toward new spending, not toward deficit reduction, the Republican side of the Senate Budget Committee contends. Here’s a chart, detailing how money from the new tax hikes would be distributed:



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8 Comments leave one →
  1. AFVet permalink
    December 12, 2012 1:15 pm

    And I’ll just bet that the parasites in the government will be untouched, deemed ‘exempt’.
    They should levy a 50% reduction in their benefits across the board before they even touch our retirement.
    The problem is that the crooks are making the rules.
    Maybe we should eliminate the lifetime pensions and health care altogether.
    That way, when they screw up the economy and we vote them out, they have to wade through the mud with the rest of US.

    Why do you think they ignore us until an election is pending ?
    And then fools and idiots put them back into office.

  2. December 12, 2012 3:55 pm

    Reblogged this on Gds44's Blog.

  3. December 12, 2012 10:49 pm

    The left mocks the idea of trickle down economics yet has no trouble going along with Obama’s SPENDING more money to help our REDUCE our deficiit! What am I missing? The debt ceiling has collapsed!!!

  4. December 17, 2012 3:41 am

    They’ve been gunning for the retirement savings for a long time. They took them in Argentina, I believe, and they want to do the same thing here.

    • December 17, 2012 6:05 am

      Yes ma’am … The Congressional Crime Syndicate ain’t going to let $17 TRILLION go untouched.


  1. “Anythng they know about … they might easily take” | Cry and Howl
  2. Barack Obama: “… I will direct the Treasury to create a new way to rip you off.” | Cry and Howl
  3. Barak Obama: “… I will direct the Treasury to create a new way to rip you off.” | Grumpy Opinions

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