Consider this Astronomical postulation that is so far reaching that it stretches across the entire economic universe to destroy the greatest nation on planet earth:In the revered heavenly Constellation Obama, which star in his stellar cabinet formed this black hole in the pocketbooks of every American citizen for eternity?
During the State of the Union speech, Obama said to increase retirement savings, he will be requiring all businesses to offer automatic IRA accounts. It is a stealth plan to require to keep 10% of the funds in U.S. Treasuries to bolster the declining demand for our notes due to poor fiscal policies. Put simply, world investors see the U.S. as a risky giant debtor nation getting harder to pay back money loaned to it and Obama can get money instead by taking private taxpayer savings accounts over.
Obama also wants to further confiscate all 401K Plans and IRA Savings to nationalize and Federally manage them. All United States taxpayers will have their private programs turned into a mandated Federally guaranteed annuity plan that will issue monthly checks based upon the federal guidelines set for retirement age and life expectancy actuary tables.
In late 2008, Argentina's leftist government had seemingly found this novel way to find the money to stay afloat: cracking open the piggybank of their nation's private pension system. This nationalization program, so I suspect, is where Obama got the idea to create this brilliant new star. As new rising stars in the galaxies go, exploding super novas expand outward and then violently retract to implode into white dwarf stars and into a black hole. Sound familiar?
That will be the United States economy when the U.S. Federal Government gets its hand on much needed money for its cash strapped coffers in order to cover all of the new debt load. Obama already said he won't raise tax on the middle classes because they will scream bloody murder, so he will confiscate it out of all their savings, an easier way to steal it before they know what happened.
"This new Federal Program will actually work", Obama said, "I find your lack of faith disturbing." (Actually to be fair, that whole quote is one I just made up. But, the last part about "I find your lack of faith disturbing" was what Darth Vader really said in Star Wars. You have to admit that Obama could use that one pretty easily when he announces this new debacle of a boondoggle) LOL!
One could borrow this other script line on what Obama has done so far:
VADER: "I am altering the deal. Pray I don't alter it any further." (I think Obama's Campaign Promises already have, don't you?)
Where is wise old Obi Wan Kenobi when you need him?
FYI: Major Worry
Should you be worried about this latest radical Obama move?
There is an estimated $15 trillion worth of private retirement plans in the United States; $4 trillion in IRAs alone; this constitutes 35% percent of all private assets in America. That is what the leftist controlled, tax-hungry Obama government is eyeing to help plug the multi-trillion dollar deficit in the president’s big spending budget.
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