When Obamacare was signed into law in 2010 after being rammed through Congress, a lot of promises were made and subsequently broken. We all know how the “if you like your doctor you can keep your doctor” bit turned out to be a complete lie.
We were also promised that insurance premiums would go down; To be kind we’ll call that a half-truth. Obamacare did introduce some lower-cost options in their state-run exchanges, but the new law made private insurance accounts even more expensive than they already were.
This forced many people and employers into going to the government exchanges out of financial necessity. People got plans that were worse than what they had because that was all they could afford. This, of course, is the goal of all liberal governments. Force people out of private enterprise programs that they prefer into those run inefficiently by Uncle Sam.
Now it appears that the administration is prepared to take the same tack in regard to your retirement savings accounts. To read how the Obama administration plans to force citizens out of their private accounts and into government ones, continue reading on the next page:
HELL will FREEZE over !
Dude, you are so smart and cynical. Pull your head out and read the statute. I am not commenting about my government caring about me but on the stupidity of others that want to blindly hate on Obama.
There are about 565 people in the key Government positions President,Congress.Senate etc,there are about 300,000,000 Americans in this Country,may be we should do away with them and put in some ones
Yeah, good luck w that…lol
I’ll pull mine quick
You would think this ignorant$#%&!@*would stop this stupid$#%&!@*already
Maybe if this does happen it will be the incentive for Americans to rise up and remind the government that it is not their master they are the government’s master.
Pos
They have raided SS for almost as much as they can. Time to find a new source of money to steal from!
This is a totally distorted article. The proposed legislation would require financial advisors to put the client’s needs before their own. Please do a little research.