The Yankee Government wants my opinion on their plans for stealing my IRA/401K in exchange for a Yankee Government "promise" for a monthly stipend from an annuity.(AKA Democracy In Action)We "are soliciting public comments [to determine] what steps to take to enhance retirement security for workers in employer-sponsored retirement plans through lifetime annuities or other arrangements that provide a stream of income after retiring,": Labor and Treasury Departments.
The heist is supposed to be optional but, as with all socialist plans for the benefit of the working class, I am fully confident this will soon morp' into mandatory status in no time at all.
Argentina set the example for the ONE only two years ago when they nationalized "25 billion in private pension funds". You could smell this one coming way before it hit to the skyline. The Chinese are not buying our debt.(Jitters over China's waning taster for T-bills)
The bond markets are skittish and refuse to play along. No matter what-our trillion dollar debt has to be financed by some body. Who better than moi and my 401K, I ask you. After all, as a no account proud American idling time away- waiting for final clearance to take off-on retirement plans what else do I have to do. Isn't it my patriotic duty to encourage the parasitic socialist Yankee government to tap into my essence? Right. Yup. Just as soon as pigs fly. Here is the address where you too can tell the Yankee government to go to hell.
Written comments responding to the lifetime income RFI may be addressed to the U.S. Department of Labor, Office of Regulations and Interpretations, Employee Benefits Security Administration, N-5655, 200 Constitution Ave. NW, Washington, DC 20210, Attn: Lifetime Income RFI.
You also may submit comments electronically by email to E-ORI@dol.gov or through the federal e-rulemaking portal. Visit Regulations.gov.
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