Tuesday, October 12, 2010

Look what our Sen Harkin is up to

The planned confiscation of all of our 401K plans.
Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more "fairly" distribute taxpayer-funded pensions to everyone.

Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous "Guaranteed Retirement Account" (GRA) authored by Theresa Guilarducci.

New Lame Duck Threat to Bailout Union Pensions
Confiscate your private pensions, and replace it with a 5% payroll tax (on top of social security) because we are too stupid to take care of ourselves.

In typical Harkin fashion, I can hear him attack anyone who disagrees with this by spouting off the tired old "You hate the elderly?" crap that he retreads every election cycle.

Chains and slavery, coming soon to a country near you...

Via Western Rifle Shooters Association


Crotalus (Don't Tread on Me) said...

I think we missed the second "Shot Heard 'Round the World".

strandediniowa said...

Yea, I think we did.

Do we have time to recover?