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:
Grant Adam Brennan Obama has not done ONE THING to earn my respect as an American.
Bill…Feds have only stolen about $2.6 Trillion from Social Security & Medicare so far…$1 Trillion in the last two years alone…$750 Billion taken for Obama Care and $150 Billion moved to the Disability Fund which was running out of money???? Nice right?
Hmmmm,…isn’t that what Social security was? I’ve been paying into that since I was 16 years old and now that I’m ready to retire finally,…this???
Yeah, and he’s going to take our guns
No way. Cmon folks – the fundamental transformation is merely designed to HELP you.
We The People will remove every last Rhino that has allowed this usurper to destroy our Country…. Clean out your office and desk, pink slips issued November 8 2016…. https://en.wikipedia.org/wiki/United_States_Senate_elections,_2016
Tell me how the Republicans are any different? They have advocated the privatization of Social Security for years. What the hell do you think privatization of Social Security means? It means: 1) fees for Wall Street brokers, and 2) that the equity position of those retirement accounts result in the masses owning the means of production. What is the difference between that and communism?
OK let’s look at the facts. Right now, you can be steered into investments that have high management costs. Even if they outperform the general market, which will not happen 90% of the time, in the course of 30 years or so you will lose about 66% of the benefits in fees. So, you put up 100% of the capital, you take 100% of the risk, the company take 2/3 of the profit.
Why wouldn’t you want that little disclosure?
Now for all of you whining about big government, tell me how this is worse than making women who wants an abortion have something shoved up her who-ha?
THE PPL SHOULD FORCE THE PLACEMENT OF HIM IN AN NUT HOUSE.
Hillary is a 3rd term Obama. Things would only get worse. Vote #DonaldTrump. He will save Social Security and Medicare and our Military.