If the gub´mint wants to see an all out rebellion this will cause one. After being frugal my entire working life they have no right to attack my savings. No wonder they want all guns confiscated.

1.2 billion bullets won´t be near enough if they try to steal - ´manage´ - my savings.

The problem is there is only one political party in Washington. The GOP made it clear a long time ago that Democrats can do whatever they want.

LBJ stole the social security trust fund just as I was starting my adult working life. Now the democrats are going to try to steal the funds I worked my butt off to save in spite of them. They´ve been trying to do this for quite a long time. Sooner or later, they will succeed. Welkome to Amerikastan. Folks, when the heck are you gonna wake up?????????

What ever ´Lola´ wants, ´Lola´ gets and little man, Lola wants you! ...Damn Yankees

This not a new idea.

Argentina started it a few years ago.

The notion that government can confiscate personal wealth to buy votes from the poor is the core of the progressive agenda.

Obama, the democrats and a large segment of the republican "old" leadership all agree on the concept. The only disagreement is over their rationalizations of the theft.

But it isn´t their fault -- it is the fault of the fools who elect them. As Pogo said " We has met the enemy and he is us."

I have done without my whole life to save for retirement. Now the criminals that is our government want to steal it so they can keep their power. I have been considering cashing out my IRA for a year, it looks like I will have to very soon.

I keep thinking I should cash out my IRA and buy enough land to grow some veg and raise some chickens so I have someplace to live and something to eat when the collapse comes. Richard Cordray is just as evil as his boss for even contemplating this. Another example of the elite ruling class who thinks he knows better how you should live your life that you do.

One more reason for the coming revolution.
When will the scale be tipped?

wonder how the obama lowinfovoters feel about this..a litle redistribution of the wealth....

Well, thats a relief to hear. I wonder if they´ll run this as efficiently as they are currently running the economy? s/o

If they do this I will take Biden´s advice and get a shotgun. I have a counter proposal. Make a one time payment of say $600 to all government retirees and people with tax funded pensions and that is it for their lifetime pension. Think of the trillions that could be saved in current and future government expenditures.

They won´t Confiscate. They will Mandate.

They will mandate a certain portion be invested in Government Bonds.

I keep telling people Obama will be after this pool of money next, most shake thier heads and don´t beleive he can do it. By hook or crook he will do it, with the complicity of this useless Congress.

During Obama´s first term, Nancy Pelosi sat in front of a room of illegal immigrants telling them how they deserve a better life while being here.

She went on to say how everyone is going to have to ´chip in´ to make that happen, including those with ´retirement accounts.´ Specifically, ´IRA´s.´

There´s a video on youtube that backs this up.

This communist regime planned all of this - long ago.

Talk about playing with fire. If you ask me, guns and our retirement funds are major tipping points. They are doing the slow boil on us with health care, (and may still pay a heavy price for that) but take our retirement or guns and those in Washington better have a quick plane ticket out of the country.

This was done by the Argentinians a number of years ago because their ruling party is like Obama lite. I imagine the handrubbing glee mixed with envy when Obama & co. found out the Agentines successfully pulled it off. This has been coming for a while folks so you better start looking at your finances toot sweet. It ain´t going to be purty as they say.

#10, those people don´t have IRAs. They will, however, be very happy to take yours and mine.

The Obama administration has been hinting about doing this for the past four years. They´ll take your money and distribute it to you as they see fit.

It can´t be stopped unless you cash out. And if you cash out you´ll be taxed to death. And those Roth accounts are equally tantalizing. This is as good a reason as any for the government to buy over a billion bullets.

As I am rapidly approaching retirement, I have to agree with #8. When you find out that this board is buried deeply and safely inside the Fed ( Rush reported the other day that QE is propping up the stock market to the tune of $85b/month) it certainly does put some immediacy into what may need to be done.

As posters have noted: a. elected crooks started with Social Security Trust Fund; b. groundwork has been being laid for years; c. the very term "private property" is a joke to them.

But no, no, no. There´s no connection with the concurrent, and also long-running, policy and program to disarm the ordinary citizen. Nope. None. Not any.

#13: A distinction without a difference, as the saying has it.

Don´t suppose this has anything to do with the confiscation of civilian firearms?

I´d cash out early but they´d get a huge chunk of MY money via penalty taxes. It just doesn´t pay to play by the rules.

If you´ve never heard Mark Levin´s conversation with Prof. Teresa Ghilarducci (mentioned in the article), here it is. He originally had her on his show in 2008 and recently replayed it. Do listen to it.

http://www.youtube.com/watch?v=7TTsHel-qbc

#4 you are dead wrong. LBJ presented a unified budget, but the Social Security Trust Fund is separate from the general fund. Social Security is off budget. It started that way with the Social Security Act of 1935 and remains that way. Get your facts straight. Excess funds in the Social Security Trust Fund, since day one, can only be invested in United States Treasury securities. Read loan to the general fund. Nothing has changed.

Taking your IRA and 401(k) accounts will be the first step. The second will be to limit your Social Security benefits based on your pension income.

Note that there has been no mention of taking regular pension accounts. This would have to include union pension funds, and the Democrats will never do that. Ditto with Federal Employees Retirement.

If you retired from one job, took a lump sum and rolled it over into an IRA, watch out. Obama and the Democrats think they can pay off the Public Debt with your IRA and 401(k) accounts. Remember, the Democrats just want what is fair.

If you´ve paid attention to Betsy McCaughey at all this past 3-4 years, you would have known this already. They want everything all of us have.

Go for it. All that money just sitting there is too much temptation. The big tell will be when they start talking about trusts. THAT is the giant loophole for all of them so I imagine it will be some kind of new fee on trusts, except for members of congress.

#8, good plan, but don´t be too isolated or you will have to stand watch 24 hrs. Also realize even an off the grid, independent, debt free, estate is only going to get you extended relief if this thing goes ALL the way down. Think Cuba.