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:
Imagine the mayhem and revolution if this were tried.
This has to be stopped now.
What is the Constitutional authority under which he is trying to do this?
This is old news, the fed has already said any bank account is not the holders, but the Feds.
It already is under government control! If you don’t think so just try and do something with it outside the government guidelines and see how much of it they take from you!……
Does this go for annuities also
He does that Democrats will pay a big price.
People who command your investment and retirement money should be looking out for your best interests! Does no one remember Bernie Madoff? That happened only like 7 years ago. Having higher standards means better service and stability.
The only traitor here is the one that doesn’t respect the government or the highest position in the land. You should be ashamed to call the president a traitor. In some countries that will put you out in jail! Have some respect.
Grant Adam Brennan In AMERICA we have the RIGHT and the OBLIGATION to criticize our Leaders!! It is called FREEDOM OF SPEECH. You don’t like it? Go to a Country that will jail dissents!