Obama Is Eying Your Savings!

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Obama Is Eying Your Savings!: Our Contributor Jim, living in a communist dictatorship, knows all to well how this pans out…

Remember when President Obama said “there comes a point when a person has earned enough”? Well, it should be a surprise that he also feels that people have saved more than they need for retirement. Mr. Obama has given new meaning to the word “arrogance”.

With this scandal a day administration, it is no wonder some of their plans to get their hands on more of your money slip under the radar.

On Aril 12, 2013, the Wall Street Journal wrote:

How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as you can in your 401(k), and even pay taxes now to change your regular IRA into a Roth IRA that will be tax-free until you die?

Well, be careful how much you save.

Assistant OpinionJournal.com editor Allysia Finley on President Obama’s attack on tax deferred retirement accounts.

A lot of job-switchers are ignoring what may be one of the best options to get the most out of their retirement: Moving their savings into their new employer’s 401(k). MarketWatch’s Jim Jelter explains the benefits.

That’s the message in President Obama’s budget for fiscal 2014, which for the first time proposes to cap the amount Americans can save in these tax-sheltered investment vehicles. The White House explanation is that some people have accumulated “substantially more than is needed to fund reasonable levels of retirement saving.” So Mr. Obama proposes to “limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million for someone retiring in 2013.”

On April 14, 2013, the Independent Sentinel wrote:

THEY ARE COMING FOR YOU NEXT, make no mistake about that!. They already proposed it back in 2008. The government is on the hunt for more money to support its spending problem. President Obama wants more “revenue” – “taxes” – so he can make more “investments” as he spreads the wealth around.

You need to be afraid, very afraid!

Americans have $17.5 trillion in savings with 25% of it in IRA’s. It is a future source of revenue for the government if they can get their hands on it.

President Barack Obama’s Fiscal Year 2013 budget plan estimated that retirement tax deductions taken by employers and individuals over the next five years add up to $429 billion in “lost” tax revenue. The government believes your savings is their lost revenue.

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See how that works? Because you take a legal tax deduction, the government is getting screwed. Never mind that the original idea was to give citizens an incentive to save. Further along in the Independent Sentinel article we find this:

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Obama Is Eyeing Your Savings!

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Remember when President Obama said “there comes a point when a person has earned enough”? Well, it should be a surprise that he also feels that people have saved more than they need for retirement. Mr. Obama has given new meaning to the word “arrogance”.

With this scandal a day administration, it is no wonder some of their plans to get their hands on more of your money slip under the radar.

On Aril 12, 2013, the Wall Street Journal wrote:

How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as you can in your 401(k), and even pay taxes now to change your regular IRA into a Roth IRA that will be tax-free until you die?

Well, be careful how much you save.

Assistant OpinionJournal.com editor Allysia Finley on President Obama’s attack on tax deferred retirement accounts.

A lot of job-switchers are ignoring what may be one of the best options to get the most out of their retirement: Moving their savings into their new employer’s 401(k). MarketWatch’s Jim Jelter explains the benefits.

That’s the message in President Obama’s budget for fiscal 2014, which for the first time proposes to cap the amount Americans can save in these tax-sheltered investment vehicles. The White House explanation is that some people have accumulated “substantially more than is needed to fund reasonable levels of retirement saving.” So Mr. Obama proposes to “limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million for someone retiring in 2013.”

On April 14, 2013, the Independent Sentinel wrote:

THEY ARE COMING FOR YOU NEXT, make no mistake about that!. They already proposed it back in 2008. The government is on the hunt for more money to support its spending problem. President Obama wants more “revenue” – “taxes” – so he can make more “investments” as he spreads the wealth around.

You need to be afraid, very afraid!

Americans have $17.5 trillion in savings with 25% of it in IRA’s. It is a future source of revenue for the government if they can get their hands on it.

President Barack Obama’s Fiscal Year 2013 budget plan estimated that retirement tax deductions taken by employers and individuals over the next five years add up to $429 billion in “lost” tax revenue. The government believes your savings is their lost revenue.

See how that works? Because you take a legal tax deduction, the government is getting screwed. Never mind that the original idea was to give citizens an incentive to save. Further along in the Independent Sentinel article we find this:

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Racial Violence: Revisiting the Case of Channon Christian and Chris Newsom, National Media Ignored Horrific Murder

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The following story was so poorly covered, that even most Conservative Bloggers (including mysell) missed it.  However, since the Trayvon Martin case was so misrepresented by the MSM and the racism industry I thought we might cover the case of Channon Christian and Chris Newsom in a factual manner.  Call it my version of equal time, where I take a liberal lie, and counter it with reality.

Don’t know who Channon Christian and Chris Newson are, or were?  Well, that’s not a surprise, as the national media did not decide to knowledge that it even happened.  They were a young couple, who were both white, and devout Christians.  What happened to them in 2007 should never happen to anyone.  Trevor Loudon has more…

CONTENT WARNING:  This might be disturbing to many adults, and should NEVER be read by children (Matt)

On January 6th, 2007, they were going to a friend’s birthday party. The next day, when Channon did not show for work, her parents called the police. The two were carjacked by 5 young black people — four men and one woman. Channon was forced to call her parents at around 12:30 AM to tell them she would be late, so these demons could take their time with them.

These evil individuals gagged Chris with a sock, bound his ankles with his own belt and tied his hands behind his back. His face was covered with a bandana and his head was covered with a sweatshirt that was tied around his neck. He was almost beaten to death and violently raped with a foreign object. Channon was forced to watch as Chris was raped — then they cut his genitals off. He was then forced to walk barefoot on nearby train tracks, where he was shot in the neck and the back, paralyzing him, but not killing him. The assailants then put a gun to his head and executed him. Then, for good measure, they set him on fire. That was on a Saturday night, they didn’t find him till Monday. Chris was the lucky one, believe it or not. Hellish horror awaited poor Channon.

She was taken back to Lamaricus Davidson’s home and dragged to a back room. She was hogtied with strips of bedding and stripped from the waist down. She was brutally raped in every possible way for hours and almost beaten to death. She sustained brutal wounds to her genital areas and to her chest and head. They sliced off one of her breasts. She was then dragged to the kitchen, where they at first choked her into semi-consciousness. They then poured bleach on her to remove their DNA. They poured bleach down her throat while she was still alive. They then put her body in garbage bags and wrapped her head in a separate bag. They dumped her upside down in a garbage can in the kitchen where she slowly suffocated to death. The judge in the case believes she may have lived up to 24 hours before dying there. When they found her on Tuesday, her eyes were open. I’m sure in her terror and pain, in the end she prayed to God to end it. I’m sure these kids thought of their parents and their families who they would never see again in this lifetime. I’m positive those that did this will go to Hell — vengeance is the Lord’s and these bastards have it coming.

Here are the people who brutally tortured and murdered Channon Christian and Chris Newsom…

butchers1

L-R Vanessa Coleman, George Thomas, Lemaricus Davidson, Eric Boyd, Letalvis Cobbins

Glen Beck also covered the story…

No human being should even be exposed to that sort of treatment, under any circumstance.  But these butchers did just that.  However, because the victims were white and Christians, and the murderers were black, this case suffered a media blackout.  Had the races been reversed, and the victims were black and Muslim, or black and atheist, and the perpetrators were white and Christian, this would have been a national story, with protest marches, and demands for “justice.”  Even if the media had to lie to gin it up, it would happen.  But, since the racism industry and national media consist of hypocrites that only act in interest of their precious narrative, Channon Christian and Chris Newsom were to be ignored.  Their lives meant nothing, because their tragic deaths had to be ignored to preserve the narrative.

Trevor Loudon has an extensive post, and much, much more…

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Racial Violence Update: Three Blacks Attack and Rob Man in Broad Daylight, Al Sharptom, National Media Silent

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I really did not think that I’d be covering a racial violence event on a daily basis, but they just keep happening.  So, here is the latest…

INDIANAPOLIS (WISH) – Police are searching for three men who assaulted and robbed a man in broad daylight on the southeast side of Indianapolis.

Police say they are looking for three black men in their late teens to early 20s in connection with this incident. 24-Hour News 8 obtained a surveillance photo of who neighbors believe are the three robbers.

The man who was attacked says he saw the three attackers walk the block before, but he thought maybe they were neighbors. Andrew Westermann and his family just moved into their home about a month ago.

“It was a blur, I was in survival mode,” said Westermann.

It happened when three young men surrounded Westermann while he was standing in his own garage around 7 p.m. Tuesday.

“He tried to go into his pocket like this and that’s when I turned and I saw the other gentleman tried to grab my phone. I yelled I screamed, nobody heard me. They shut the garage door and that’s when they drug me in the house,” said Westermann.

Andrew says the next 30 minutes were the longest of his life. He says one man stayed with him, while the others stole three TVs, his son’s X-box and headphones, and his car.

Again, the media and folks like Sharpton can lie about Trayvon Martin, yet remain completely silent when blacks target whites?  I wonmder why that is?

Oh, I know, they’re hypocrites!

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Guns Save Lives: Armed Woman Takes on Six Armed Robbers, Saves Husband

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Once again, guns save lives…

video platformvideo managementvideo solutionsvideo player
Of course, liberals would be happier if these people were dead.  As only criminals can have guns.  Fortunately, they were not in Chicago, where strict gun control laws prevent shootings, right?

The City of Chicago is still racking up distressing numbers of shootings even as crime otherwise in the Windy City has gone down. On August 12, for instance, six people were shot in the space of only one hour.

On that Monday, between the 6:15 PM and 7:13 PM, six people were shot, one of them a 13-year-old boy.

At 6:12, police reported that a 23-year-old man was shot and critically wounded. At 6:15 a 21-year-old man and a 53-year-old woman were shot in the same incident. Then at 6:20 a young man, 17, shot himself in the groin by accident. Next a 13-year-old boy was shot at 6:47. And by 7:13 sixth person was shot.

This came only a day after a weekend where 4 were killed and 22 hurt in shootings in Chicago.

Those numbers are slight compared to the shootings over the Fourth of July holiday weekend this year where a staggering 72 shootings occurred, with as many as a dozen ending up dead. Among those shot were two small boys, one a 5-year-old and the other a 7-year-old.

Thank God for Chicago’s strict gun control laws.  Otherwise, someone might of been shot, or even killed!

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Cyprus Bank Robbery, Government Taxes all Bank Accounts: Media Silent

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It seems that socialists all  over the world are watching Cyprus, because it is a test case.  Essentially, the government there decided to rob their citizens, literally over-night.  It’s what I call the great Cyprus Bank Robbery.  New Zeal has more…

Very few things give me nightmares… Yesterday’s event in Cyprus was one of them and the media is conspicuously silent. What do you get when you combine worldwide Marxist elitists, bankers and the media? A worldwide depression and a new dark age. The IMF (in case you are wondering who they are) is using Greece as a proving ground for the rest of us. It is a fascist Petri dish. They just implemented an across the board tax on all bank accounts over a holiday with no warning and no recourse. 9.9% if you have over 100,000 Euros in the bank, 6.75% is you have less than that. This is money being seized by the IMF, the European Union and the government of Greece to attempt to cover some of their debt. It is theft and it could have been a lot worse. The IMF had proposed a 40% haircut on all accounts

Get over to New Zeal to see more.  Trevor Loudon also quotes the Daliy Mail…

The Daily Mail:

Cash machines EMPTIED across Cyprus and 60,000 British savers face losing MILLIONS after £8.7bn EU bailout imposes tax of up to 10% on all bank accounts

  • Lines formed at ATMs as people scrambled to pull their money out

  • Word spread that rescue package included a one-off levy on deposits

  • Restrictions stopping people emptying accounts or moving money abroad

  • Up to 3,000 British service personnel are based on the bankrupt island

  • President Nicos Anastasiades agreed to raid with European finance chiefs

  • Said country in ‘state of emergency’ and not acting would be ‘catastrophic’

  • But expats accused the island of ‘plain theft’ as violent protests sparked

  • Britons have about £1.7b of deposits on island and could lose up to £170m

  • Parliamentary official: Vote scheduled for today pushed back to tomorrow

  • G. Osborne: This is what happens if you don’t show you can pay your way

OK, so what does this tell us?  It tells us that any government can hit their people with such a THEFT on a whim.  It means that  these governments will steal from their citizenry.  It says that they’ll throw the stolen money right down the same hole that all the other money went.  And, since they won’t kill their nanny states, they’ll be back for more.

To me, this is a terrifying sign, and if people don’t wake up, it can happen here.   Come to think of it, that’s why the media is silent.  No need to get those low information voters all stirred up with facts or anything, right?

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Newspaper Publishes List of Gun Owners: One of the Promptly Burglarized

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We had covered that The Journal News had published a list of registered gun owners.  Many predicted that people on that list would be targeted, or even robbed to get at the guns they had.  Of course, any would be robbers would have to make sure that they were not home before they robbed them.

New York’s Westchester/Rockland Newsday has noteworthy details on the break-in (all subsequent emphasis added):

A White Plains residence pinpointed on a controversial handgun permit database was burglarized Saturday, and the burglars’ target was the homeowner’s gun safe.

At least two burglars broke into a home on Davis Avenue at 9:30 p.m. Saturday but wereunsuccessful in an attempt to open the safe, which contained legally owned weapons, according to a law enforcement source. One suspect was taken into custody, the source said.

The gun owner was not home when the burglary occurred, the source said. The victim, who is in his 70s, told Newsday on Sunday that he did not want to comment while the police investigation continues.

It didn’t take a rocket scientist to see this coming.  Either the houses would be avoided due to their owners being armed, or criminals would learn the schedules of the owners, and rob their house-for the firearms-while the owners are away.  But, we won’t see the newspaper taking responsibiltiy for that anytime soon.  They gun owners were supposed to be punished, for d

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London Burns: Causes and Implications

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As most are aware, London has been wracked by massive rioting.  While it does not appear to be particularly political in motivation, I would suggest that it does show how far Western Culture has fallen.  For additional coverage, here is an excerpt, and pictures, from the Daily Mail.

Scenes of mob rule became more terrifying by the minute as widespread arson and anarchy was added to the orgy of looting.

By midnight flashpoints had multiplied around London, with Clapham, Hackney, Dalston, Peckham, Woolwich and Lewisham added to the list which already included Enfield, Walthamstow and Tottenham.

Police were unable to prevent the attacks because all the riot officers on the streets were caught up in running battles with gangs who pelted them with lumps of wood, chairs and bottles.

The mob set fire to several buildings and three police cars. Witnesses reported seeing children aged as young as seven involved. They smashed the windows of stores, grabbing what they could before riot police arrived.

Other thugs fought each other over a bag of diamonds which had fallen on to the street after it had been looted from a jewellers.

A police officer could be seen lying on the ground after being struck on his shield by a missile.

Other officers created a cordon around him while he was treated by colleagues.

At one point child rioters tried to hijack a bus so they could drive it at police. As shop protective grilles were ripped up and a security camera smashed, two teenage girls giggled to each other, saying: ‘We’re gonna get gold!’

There were also reports that white people were being targeted for robbery by gangs roaming the streets.

The last image is of a photographer being attacked by a mob.

Again, while the riots appear to have originated over the death of a suspected “mobster” at the hands of the police, these riots have taken on a life of their own.  The stories of children being involved should be particularly  chilling, as it show the decline of a once great nation.

There have been riots before-there will be again.  But, what strikes me about these is the vast, widespread nature of them.  It would almost seem as if the culture has broken down, and I would submit that this is the desired result.  For decades, our Cultural Marxists have been causing and accelerating the breakdown of our cultural values.  The ideas of personal responsibility, self discipline, and work, have all been undermined, and indeed ridiculed.  Also for decades, generations of citizens have been paid not to work, and many have developed a massive sense of entitlement in the process.  Essentially, much of the “glue” that holds the society together has been destroyed.  So, when there is a breakdown in order, should we be surprised when such events occur?

In terms of the desired result, it has long been said that the goal of Cultural Marxism was to destroy the dominant culture.  The resulting chaos and disorder would then be used to justify ever increasing levels of government control and power.  In fact, I believe that their hope is that the people would demand it.  And, of course, we all know what happens to people that trade freedom for security.

Are we  seeing the breakdown that the Cultural Marxists have longed for?  I believe we might.  Will it happen here?  It already did during Katrina, and it will again.  The question is, what do we do about it?

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