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  1. #1 Obama want to cap retirement plans... Excuse me?!?!? 
    Senior Member LukeEDay's Avatar
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    I loathe this man more every day.

    [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.


    [/snip]
    Read more: http://blogs.marketwatch.com/encore/.../?link=sfmw_fb

    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?

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  2. #2  
    PORCUS MAXIMUS Rockntractor's Avatar
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    Quote Originally Posted by LukeEDay View Post
    I also wonder if this pertains to all the liberals millionaires who donate to his campaign?
    They establish trusts and likely will be unaffected.
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
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  3. #3  
    Senior Member LukeEDay's Avatar
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    Quote Originally Posted by Rockntractor View Post
    They establish trusts and likely will be unaffected.
    Just like him. He will not have to abide by this. Just like he isn't going to be on obamacare, or anything other cut throat policy he enacted. He is trying to make give up working and stop making something of themselves. He is trying to get more people to quit their jobs and rely on government hand outs. He is trying to increase the number of welfare recipients. What is he going to do when all of America is on welfare and no one is working to support his agenda? Can anyone here say Greece? That is exactly where this Socialist in Chief is taking us.

    I love my God, my country, my flag, and my troops ....
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    Resident Grandpa marv's Avatar
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    A lot of what I want to say about hussein is pretty foul, and probably would get the admins in trouble, so I'll just encypher it:

    GSRHA UFXPR MTAHL MALUA ZAYRG
    XSARH AWLRM TAVCZ XGOBA DSZGA
    SVAHZ RWASV ADLFO WAWLA ASVAH
    VGALF GAGLA WVHGI LBAGS RHAMZ
    GRLMA ZMWAS VARHA WLRMT AVCZX
    GOBAG SZGZZ

    m209default

    Let the ass hole figger it out.

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    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by marv View Post
    A lot of what I want to say about hussein is pretty foul, and probably would get the admins in trouble, so I'll just encypher it:

    GSRHA UFXPR MTAHL MALUA ZAYRG
    XSARH AWLRM TAVCZ XGOBA DSZGA
    SVAHZ RWASV ADLFO WAWLA ASVAH
    VGALF GAGLA WVHGI LBAGS RHAMZ
    GRLMA ZMWAS VARHA WLRMT AVCZX
    GOBAG SZGZZ

    m209default

    Let the ass hole figger it out.

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  6. #6  
    Drive-by Poster ABC in Georgia's Avatar
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    Quote Originally Posted by marv View Post
    GSRHA UFXPR MTAHL MALUA ZAYRG
    XSARH AWLRM TAVCZ XGOBA DSZGA
    SVAHZ RWASV ADLFO WAWLA ASVAH
    VGALF GAGLA WVHGI LBAGS RHAMZ
    GRLMA ZMWAS VARHA WLRMT AVCZX
    GOBAG SZGZZ
    Well said Marv!

    And I agree 100% with whatever it was you told him to do to himself pumpkin ...

    Especially the last two words! Wow! They were harsh!
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  7. #7  
    Resident Grandpa marv's Avatar
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    If anybody is really, really curious, download the M-209 simulator, and decrypt with the default key.

    Caution: Conservative adult content.

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  8. #8  
    Power CUer NJCardFan's Avatar
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    Quote Originally Posted by marv View Post
    A lot of what I want to say about hussein is pretty foul, and probably would get the admins in trouble, so I'll just encypher it:

    GSRHA UFXPR MTAHL MALUA ZAYRG
    XSARH AWLRM TAVCZ XGOBA DSZGA
    SVAHZ RWASV ADLFO WAWLA ASVAH
    VGALF GAGLA WVHGI LBAGS RHAMZ
    GRLMA ZMWAS VARHA WLRMT AVCZX
    GOBAG SZGZZ

    m209default

    Let the ass hole figger it out.
    Check your enigma machine because I think you just gave us a recipe for spinach quiche.
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  9. #9  
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    Capping it at 3M - or at all - is ridiculous; it's hard enough to get people to save for the future, as it is. And with the usual governmental brilliance, they wouldn't index it to inflation, and we'd end up with another AMT situation. Not that I think this proposal is going anywhere. :)
    "Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
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  10. #10  
    Senior Member txradioguy's Avatar
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    Quote Originally Posted by LukeEDay View Post
    When is he going to try and limit how much we can earn in a year?
    He already has with certain Wall Street CEO's as part of their bailout deals.
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