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This Week's Hillary Giveaway: 'American (Socialist) Retirem



 
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PostPosted: Thu Oct 11, 2007 2:00 pm    Post subject: This Week's Hillary Giveaway: 'American (Socialist) Retirem Reply with quote
This Week's Hillary Giveaway: 'American (Socialist) Retirement Accounts'
Less than a month after Hillary Clinton proposed giving every child born in the United States a $5,000 gift, she told a crowd in Iowa last week that she now wants to give families $1,000 in annual matching funds into a 401(k) retirement account. Of course, all of this giveaway money would come from the government after she confiscates more money from the evil rich.

Category: Commentary

Less than a month after Hillary Clinton proposed giving every child born in the United States a $5,000 gift, she told a crowd in Iowa last week that she now wants to give families $1,000 in annual matching funds into a 401(k) retirement account. Of course, all of this giveaway money would come from the government after she confiscates more money from the evil rich.According to a report from the Associated Press’s Nedra Pickler, to qualify for this annual gift toward your retirement, you need to make $60,000 a year or less, or not be working at all. If you make between $60,000 and $100,000 your annual gift is $500 instead of $1,000. If you make over $100,000, you do not get a gift because you are part of the evil rich.Other than being another idea that fits the communist manifesto, this latest idea ignores the broken promises of Social Security and adds another layer to the politics of envy. Of course, Hillary and her followers would describe it as simply taking from the greedy and giving to the needy.The communist manifesto says, “From each according to his ability and to each according to his need.” So in addition to Hillary health care and Hillary baby care (although she now says that idea is off the table), we now have Hillary retirement care. She calls this progressive thinking. I call it a prescription for faster economic disaster. All you have to do is look at where federal spending is headed right now if Congress continues to do nothing. Social Security was supposed to be that safety net for our retirement. It was supposed to be an assistance program, but it has grown into a dysfunctional entitlement program. To that issue, Hillary says her “American Retirement Accounts” should not be used to replace any part of Social Security and that she is committed to addressing the long-term challenges of that program.

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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to
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