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Countdown To Govt. Confiscation Of Your Retirement Savings Has Begun

- by - February 6, 2014 - 09:18 America/New_York - 3 Comments

“The [Congressional] testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.”

” We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force. “ Ayn Rand (It’s not “approaching” – it’s here & now.

Ayn Rand

Read full article: Countdown To Govt. Confiscation Of Your Retirement Savings Has Begun


  1. PJ

    February 6th, 2014

    Isn’t this the commie that Mark Levin interview about a year ago. If it is, he replayed it a few days ago. He got her to admit that SS was a Ponzi scheme.

    Thumb up +3

  2. MaryfromMarin

    February 6th, 2014

    This is at least the second time this issue has surfaced recently. More than ominous.

    Thumb up +1

  3. bitterclinger

    February 7th, 2014

    PJ – Levin replayed that interview earlier this week. I was hoping the audio would’ve been picked up and gone viral by now. I don’t use FarceBook, so I don’t know if it’s posted there. Maybe it’s on his web page. I’ll have to check.

    If confiscation of IRAs doesn’t start the r-e-v-o, nothing will.

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