I loathe this man more every day.
Read more: http://blogs.marketwatch.com/encore/.../?link=sfmw_fb[snip]
Obama budget would cap IRAs at $3 mln
Forget taxing the top 1%; President Barack Obama’s new budget includes a revenue-raiser aimed at the retirement savings of the top 0.1%. The budget outline, unveiled today, includes a proposal to place a multimillion-dollar cap on the total amount of money that an individual can keep in individual retirement accounts, 401(k)s and other tax-deferred retirement accounts. If it were enacted today, that cap would hit a very narrow slice of the population – though its reach could widen over time.
So now Barry want to limit how much we can have in our retirement? Everything we get above that amount will go to the government? When is he going to try and limit how much we can earn in a year?
Obama is a major douchebag. I can not wait for 2016 to get here. The sooner this ass hat is out of office the better off we will be.
I also wonder if this pertains to all the liberals millionaires who donate to his campaign?