Guarenteed Retirement Account Bailout (G.R.A.B.)

Click Here to see the updated 2.0 version of the report.

Tuesday, September 21, 2010

News from The Associated Press

News from The Associated Press: "House Republicans plan to unveil a roughly 20-point agenda Thursday, less than six weeks before midterm congressional elections in which they're favored to add substantially to their ranks - and possibly cost Democrats control of the chamber."

GOPUSA � The Loft � Message to Obama: I'm Exhausted Too!

GOPUSA � The Loft � Message to Obama: I'm Exhausted Too!: "The more Barack Obama talks, the more is revealed about his attitudes toward America, capitalism, free enterprise, and the American dream. Under Obama, if you strive to do well, your reward is to pay for the massive cost of government. You cannot create new jobs, because Obama needs your money to feed his government machine. You cannot run your business as you see fit, because Obama is taking control of industry after industry."

Will The Government Nationalize Your Retirement Funds ?

Will The Government Nationalize Your Retirement Funds ?: "It's no secret that Obama Hood and his band of merry liberals want to redistribute wealth and centralize power in this country (but don't call them socalists !). They don't trust the American people to handle their own money properly. They view the American people as too ignorant to be trusted with much of anything, and besides, in Liberal La La Land, your wages really belong to the government in the first place. That's why liberals refer to things like tax cuts as 'government spending.' Liberals say things like 'why should the government spend $700 billion on tax cuts for the wealthy ?,' as if a person's wages belong to Obama and company instead of to the person who earned those wages. And never mind that the wealthy already pay the highest taxes in the country by far. If you point that out to liberals, they will start reminiscing fondly about the 'good old days,' when the highest marginal tax rate was over 90% here in the land of the free-up-to-a-point-to-be-determined-by-liberal-wealth-confiscaters. In true Orwellian fashion, liberals call such discriminatory theft 'fairness.'"

Wednesday, September 1, 2010

Locking In Income for a Lifetime - WSJ.com

Locking In Income for a Lifetime - WSJ.com: "To reduce that risk, the Obama administration wants to prod workers into investing in lifetime-income products such as annuities, insurance contracts that function like pensions by paying a guaranteed monthly income in return for a big chunk of cash upfront.

This year, the Labor and Treasury departments asked for comments on steps the government could take to steer workers into annuities. One suggestion would require that part of an employee's 401(k) plan contributions be placed in an annuity that would automatically start providing income at retirement, unless the worker opts out."