Midknight Review -- new and revised: Now, they are looking to tax our 401k's and the interest we pay on our home loans. Enough is enough.

Obama Eyes 401K and IRAs for Government Control and Theft Submitted by TimG on Fri, 01/08/2010 - 14:31

What is startling with this headline is its date - two years ago and more, Ron Paul was warning all who would listen, that our retirement savings were in danger of being taxed by a congress that refuses to stop spending.

This morning, on Fox News, they reported that this is, now, being seriously considered by Obama and his fellow Dems. There are 18 trillion dollars in IRA and 401K savings. If you are of the younger variety, you do not yet realize that large sums of money, sooner or later, become targets for taxation, since no one in Washington DC really wants to cut expenses.

As an important aside, you should know that there is more and more talk of canceling out our home mortgage interest deductions, as well.

The single reason I oppose all tax increases is because they only secure additional funds to be spent. First things first: cut, cap and balance THEN ask for a tax increase. We all would be happy to help with our money . . . . . . or did you forget that it is our money?

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Now, they are looking to tax our 401k's and the interest we pay on our home loans. Enough is enough.

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