When Robert J. Ekas decided to exercise his right to free speech, he didn't open his mouth. He hoisted his middle finger. His single-digit protests, aimed at Clackamas County sheriff's deputies last year, resulted in a verbal showdowns, traffic tickets and, ultimately, a federal lawsuit. Giving a police officer the finger may be a rude and ill-advised gesture, but it is not against the law, legal experts say. "The U.S. Supreme Court has consistently held that speech may not be prohibited simply because some may find it offensive," said Ira P. Robbins, a law professor from American University in Washington,...
There is no question but that The Obama Regime has plans for your savings. Obama’s Treasury Department and even the Labor Department are already investigating "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams." Ok, let me see if I can break it down for you. What Obama is planning to do is: Take you savings, the money you have squirreled away for your retirement in 401-K’s and IRA’s, and hand you an IOU with which they will promise to pay you a small annuity each month of your retirement.
Barney Frank, I am on to you. Your plan to take my IRA and such retirement accounts and put them into Social Security. From there congress can take there IOUs - so my retirement is effectively gone! They say it is to provide annuities
You did the responsible thing. You saved in your IRA or 401(k) to support your retirement, when you could have spent that money on another vacation, or an upscale car, or fancier clothes and jewelry. But now Washington is developing plans for your retirement savings. BusinessWeek reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams." In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit...
You may be familiar with the fact that the Chinese government has encouraged its private citizens to store a portion of their personal savings in gold, a topic we’ve covered here. It’s a different approach from the US government which vastly prefers to promote IRAs, 401(k)s and the like, over cash-to-gold conversions. Ironically, as an [...]Effortlessly Changing Cash to Gold at the Bank of China originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.
Here are the five policy proposals President Barack Obama and Vice President Joe Biden unveiled Monday, to aid middle-class families: — Nearly doubling the Child and Dependent Care Tax Credit for middle-class families making under $85,000 a year. — Limiting a student’s federal loan payments to 10 percent of his or her income above a basic living allowance. — Creating a system of automatic workplace IRAs, requiring all employers to give the option for employees to enroll in a direct-deposit IRA.
For Transgender People, Name Is a Message WILLIAM GLABERSON January 24, 2010 Katherine used to be Miguel. Olin had a girl’s name. And in October, Robert Ira Schnur, 70, became Roberta Iris Schnur, a Manhattan retiree with magenta lipstick and, she noted the other day, chipped silver nail polish. ROBERTA IRIS SCHNUR Formerly Robert Ira Schnur, she is one of hundreds of transgender people whose legal names were changed in Manhattan. Enlarge This Image [Pic in URL] Theirs are among hundreds of names a Manhattan court has changed over the last few years for transgender New Yorkers. That tally, specialists...
The Obama administration appears to have come up with a novel way of financing trillion-dollar budget deficits – demanding IRA and 401(k) holders buy trillions of dollars in Treasury bonds. With the Treasury needing this year to see another $1 trillion in debt to finance the anticipated federal budget deficit, and the Federal Reserve about to discontinue its 2009 program of buying Treasury bonds for the Fed's asset portfolio, the Obama administration is scrambling to find ways to sell government debt without having to raise interest rates. Bloomberg reported Friday that Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant...
Attorney General Martha Coakley acknowledged yesterday she overlooked more than $200,000 in savings when she mistakenly claimed to have zero personal assets in a financial disclosure required of candidates for U.S. Senate. Coakley’s filing with the Senate Committee on Ethics will be corrected to include overlooked accounts, including a savings account in her husband’s name with more than $200,000 and a personal IRA containing roughly $12,000, said campaign spokesman Corey Welford
The Obama administration appears to have come up with a novel way of financing trillion-dollar budget deficits – demanding IRA and 401(k) holders buy trillions of dollars in Treasury bonds.
Monday, March 1, 2010
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