The ObamaCare/Reconciliation ploy is a trial run for much more including total takeover of student loans

We can't let this camel get its nose in the tent, because apparently there's a full size camel hiding in back of that nose.

Everyone knows Democrats are planning to use the budget reconciliation process to get ObamaCare through the Senate. Less well known is that Democrats are plotting add-ons to that bill to get other liberal priorities enacted—programs that could never attract 60 votes.

One of these controversial measures rewrites the Higher Education Act to ban private companies from offering federally guaranteed student loans as of this July. Congress has already passed laws in recent years discouraging private lenders from making loans without a federal guarantee. But most college financial-aid departments still want private companies to originate and service the guaranteed loans. That's because the alternative—a public option run by the Department of Education—has been distinguished by its Soviet-style customer service.

The Democratic plan is to make this public option the only option mere days before colleges send out their financial aid packages to incoming students...

Posted by: Purp at 10:06 PM



Comments

1 And you're surprised?

Posted by: MDr VB1.0 CS1st at March 08, 2010 10:07 PM (ucq49)

2 Whichever one bankrupts the universities' endowments quicker is the one I support.

Posted by: Zimriel at March 08, 2010 10:09 PM (+GJKN)

3
We are so fucked.

Posted by: sickinmass at March 08, 2010 10:10 PM (1rflU)

4 You mean he hasn't done this already? Rahm and Soros are slipping.

Posted by: shibumi at March 08, 2010 10:11 PM (OKZrE)

5 I just read about this in the Wsj. Talk about over-reach! What next? In ten years this will be made into either a comedy series or sci-fi, either way, we will get through this. So INSANE!

Posted by: Barbarosa at March 08, 2010 10:12 PM (tKEtn)

6 The flooding of the zone. They do this as a full time job, and we need to defeat them, but as our second job. I feel sick

Posted by: ParisParamus at March 08, 2010 10:12 PM (xJW+o)

7 I believe this is truly, a bridge too far. Has nothing to do with HC. Was never in either HC bill that was passed.
We'll see how many totally fascist Dims there are.

Posted by: MDr VB1.0 CS1st at March 08, 2010 10:13 PM (ucq49)

8 What are the dumb-ass Republicans doing . . . they should be making enough noise to be heard on the moon. Those clowns are more confused and inept than the Keystone Cops.

Posted by: rplat at March 08, 2010 10:14 PM (G1ArL)

9 I feel like I've been bent over and "sold" a watermelon.

Posted by: The Mega Independent at March 08, 2010 10:16 PM (5I0Yr)

10 Has anyone heard about the government potentially taking over 401ks or at the very least demanding they use gov't funded banks?
i know they did something like this in Argentina.
I'd like to know sooner than later so i can stop investing in my retirement account and just keep the money in my own chosen investments that can be liquidated without the government permitting me to.

Posted by: Ben at March 08, 2010 10:17 PM (qVmY7)

11 "I feel like I've been bent over, fitted for, and "sold" a watermelon."
FTFY

Posted by: MDr VB1.0 CS1st at March 08, 2010 10:17 PM (ucq49)

12 Joy. This keeps getting better and better .. .

Posted by: Techie at March 08, 2010 10:20 PM (zbH+i)

13 Purple,

I'm glad for the flurry of posts from you lately but what's with the red fonts?

Posted by: Shooter McGavin at March 08, 2010 10:20 PM (cxGtL)

14 O/T: "CBO
Sees Obama Budget Bringing Debt to $20 Trillion By 2020 By Philip Klein on 3.8.10 @ 4:48PM "

Posted by: curious at March 08, 2010 10:20 PM (p302b)

15 Cloward. Piven. Strategy.

Go read it. It's in there.

It's going to get much, much worse.

Posted by: President-in-exile Sarah Palin at March 08, 2010 10:23 PM (SgGTT)

16 Say goodbye to the USA.
Say hello to the USSA.

Posted by: davidt at March 08, 2010 10:25 PM (vOXoE)

17 This president is great for my blog. Making America weaker will start wars and that will scare the shit out of women. Men will have to build bomb-shelters or go gay and out of this fear somebody like Janes.com will buy my blog name.
Thank you Broke Bracak Obama Mountain.

Posted by: robotwhisper at March 08, 2010 10:25 PM (EiH7n)

18 What are the dumb-ass Republicans doing

It appears Sen. Gregg and Rep. Kline brought it to the WSJ's attention.

Posted by: Guy Fawkes at March 08, 2010 10:25 PM (cpuvG)

19 I am starting to think this is the hill to die on.

Posted by: Locus Ceruleus at March 08, 2010 10:26 PM (tzcjs)

20 So . . . Chris Buckley . . .

How's that "Obama the pragmatist" thing working out?

Posted by: AD at March 08, 2010 10:27 PM (FE0k/)

21 what's with the red fonts?

It would not be wise to question the politburo's choice of colors comrade.

Posted by: Purple Avenger at March 08, 2010 10:28 PM (On3wZ)

22 Season 3 Twilight Zone Episode 82-Jan, 1962
One More Pallbearer
Paul Radin reminds me of Obama ( %#$@^@!!!!!!)

Posted by: Barbarosa at March 08, 2010 10:28 PM (tKEtn)

23 I first saw Obama Sinatra in the first Dawn of the dead or something.

Posted by: robotwhisper at March 08, 2010 10:30 PM (EiH7n)

24 Eh. . .this story smells funny.

Nobody has seen this mythical Senate healthcare reconciliation bill yet, and now we're supposed to believe that the Senate is going to FURTHER f$%k things up by adding totally unrelated bans on private student loans?

I'll start to get worked up about this when SOME version of the proposed reconciliation bill floats out. . .(which may be never).


Posted by: looking closely at March 08, 2010 10:31 PM (KNy97)

25 19
I am starting to think this is the hill to die on.

Posted by: Locus Ceruleus at March 08, 2010 10:26 PM (tzcjs)
The Obama Corps of Engineers is furiously constructing new hills all across this great land, knowing we can only die on one of them.

Posted by: The War Between the Undead States at March 08, 2010 10:31 PM (LrX0R)

26 they all wake up with unicorn heads in their beds, mystical godfather stuff

Posted by: robotwhisper at March 08, 2010 10:33 PM (EiH7n)

27 I think they are going to passit.
And if I were them, I would too.

Imagine being able to guarantee control, un-elected control, of the government forever, but in order to do so you have to lose one, two or maybe even three election cycles to do so. Wouldn't you?
Imagine we had the chance to ban the income tax or abolish social security permanently, but you would lose the next election cycle in a blow out. You would do it , wouldn't you?
I would.
They will.

Posted by: Ben at March 08, 2010 10:35 PM (qVmY7)

28 Can't we just arrest them all, charge them with treason, and then shoot?
Let the 50 governors choose new leadership until proper elections can be held.

Posted by: Stillwater at March 08, 2010 10:36 PM (qUdDE)

29 is it still treason if there are no witnesses?

Posted by: evil libertarian at March 08, 2010 10:37 PM (XxdOF)

30 I guess they want to see if theTea Partycanmatch to 200 people that Rev. Jackson's "Bingo March" in Alabamadrew. Go ahead Congress, Pass It.You will wish the people were"Going Galt."

Posted by: Picric at March 08, 2010 10:39 PM (LCEZ8)

31 let me clarify what i said at 27.
I would sacrifice several election to erase entitlements, I would not for unelected control. I don't think anyone should have unelected control that is enabled by permanent bureaucracies who rule no matter who is in power.

after rereading my comment, i felt i gave the impression i would go for that, but I would "fall on my sword" to destroy entitlements pushing us towards insolvency.

Posted by: Ben at March 08, 2010 10:40 PM (qVmY7)

32 Quick Ace Quiz: What percentage of elected Democrats want the HC bill and/or something more liberal, encroaching and America-screwing to pass?

{jeopardy theme plays}




hint: every single fucking one of them

Posted by: The Mega Independent at March 08, 2010 10:41 PM (5I0Yr)

33 Here's a depressingly, cute pic:
http://tiny.cc/2wjOW

Posted by: MDr VB1.0 CS1st at March 08, 2010 10:42 PM (ucq49)

34 Imagine we had the chance to ban the income tax

That would require a constitutional amendment and approval of the states.

I wouldn't abolish Social Security entirely. I would like to see its shape changed though to make it more solvent.

Posted by: Purple Avenger at March 08, 2010 10:44 PM (On3wZ)

35 This evening's news sounds like so much scripted fantasy designed to depress the opposition and fill their hearts with terror.

In other words, the same BS we've heard a thousand times before, when they still didn't have the votes to get things done.

Posted by: nickless at March 08, 2010 10:44 PM (MMC8r)

36 So what happens if they pass it? Will we swallow the bitter pill or will the "Oath Keepers" practice what they preach and use armed forces when necessary? We are mad as hell obviously but what happens next? I mean we are not used to violence in general. The Tea Party movement has been very civil and gracious The left-wing loons are the party of violence. I guess they're (the dipshit dimratocrats) banking on us swallowing our fury.

Posted by: Barbarosa at March 08, 2010 10:45 PM (tKEtn)

37 Rush today, Advice To Democrats :
...this is a double-cross. There's no question you're being double-crossed, and I'm going to address you. It won't take very long, but I know how much you Democrats in the House really want this. I know how much you don't like the Senate bill. I also know how you're being lied to that the Senate bill's going to be modified down the road. It ain't going to happen in reconciliation. Folks, it can't happen in reconciliation. There's not enough time for the CBO to score things and the CBO has to be involved if there's reconciliation. So there will not be reconciliation. You're being lied to about that. I can tell you right now, there will not be reconciliation. Obama's going to sign it and once he signs it he's going to drop it. There will be no mention of health care after that signing ceremony. They'll move on to other things like immigration, reviving cap and trade, card check, whatever it is, but there will be not one mention of it. They're not going to take this bill and start immediately adding things to it because they want all discussion of health care to stop. So you Democrats in the House, you are being sandbagged and double-crossed. They are going to sign this bill, and because of your electoral fortunes in November, there will not be one fix made to this bill. Not one thing will be added to it after Obama signs it, and there will not be reconciliation. And you guys are going to lose the House and the Senate. Well, certainly the House. You're going to lose it in November. And once you lose the House in November, there aren't isn't going to be anything added to this bill. So let me just tell you now -- and for those of you in the Drive-By Media monitoring this show, please don't take me out of context here and please don't misquote me. Because I mean this. Please get this right. Please tell members of the House and the Democrat caucus they are being double-crossed by their Speaker, by Rahm Emanuel and by the president when they're told that there will be reconciliation. There is not time for budget reconciliation before March 18th because the CBO can't get in there and score it. The process is going to take too long. It will never, ever happen. If you sign the Senate bill, Obama signs it within hours, and that's the end of any health care discussion for the rest of this year. It's too big a negative, too big a drag on election chances in November. So nothing's going to be added to it. None of what you want, none of what they're promising you will be added will be added. It won't even be discussed. You're dead. You're gone. You have been used just like Obama is willing to use anybody in your party and then you're going to lose the House in November all because of this, and the Republicans are not going to start adding things you want in subsequent health care legislation. This is it.

Posted by: Pike Place Pete at March 08, 2010 10:49 PM (MzTRc)

38 I wouldn't abolish Social Security entirely. I would like to see its shape changed though to make it more solvent.

Won't happen. Unless you all it what it is, welfare.

Posted by: taylork at March 08, 2010 10:50 PM (tpWtf)

39 Didn't Obama (PBUH) promise to push a program whereby student loans are forgiven after ten years if said students go into public service (read:the government)? Wasn't that in his SOTU speech?

Posted by: Paulitics, too depressed about this to be Lover of Julie Banderas at March 08, 2010 10:50 PM (wzaX3)

40 @35,

That's what I'm hoping this is.

Posted by: Sekhmet at March 08, 2010 10:52 PM (d5r1U)

41 So what happens if they pass it?
Can we all move to Texas and then build a wall around it?

Posted by: Pike Place Pete at March 08, 2010 10:54 PM (MzTRc)

42 Posted by: Pike Place Pete at March 08, 2010 10:49 PM (MzTRc)


Me, ten days ago here:

----------------------------------
So are they all just trying to fool the House into passing the Senate
bill so it can go to Obama's desk a few weeks later with an "oh well,
we gave it the ol' college try on the reconciliation thing"?
----------------------------------

Posted by: The Mega Independent at March 08, 2010 10:54 PM (5I0Yr)

43 Imagine we had the chance to ban the income taxThat would require a constitutional amendment and approval of the states.I wouldn't abolish Social Security entirely. I would like to see its shape changed though to make it more solvent.
I disagree. I would abolish it. I think it is naive to think that whatever "fix" they would do to make it more solvent would change the way they use it as a slush fund. Let's say they made it solvent, and therefore it was raking in more dough and sending less out. What do you think would happen when the elected officials see that money and have the desire to spend it? The social security fund is already filled with IOUs.
I don't think stabilize the stream of income that is pilfered by the government is a good idea. I think you need to take away that stream in its entirety. If you want the government to do something to help people retire, then perhaps make IRAs completely tax free, even when you cash them out, as long as you don't do it before say 55.
I am for anything that will shelter my money from a government program which in reality is just a slush fund.
I would like to opt out of social security if I legally could. I am 26. It's not going to be there for me. I will be paying for the next 40+ years, and will have nothing to show for it.

Posted by: Ben at March 08, 2010 10:55 PM (qVmY7)

44 Welcome to the jungle.

Posted by: Guns n Roses at March 08, 2010 11:01 PM (j2yac)

45 One of the greatest, and most rapid inflationary vehicles I have ever witnessed- has been the meteoric rise of college tuition fueled by student loan programs. This has occurred predominantly in the last three decades.

Absent student loans and free money, how could a university attract students for 50k a year in tuition? It couldn't. That we have lost 500 billion in student loans, currently in default, is no mystery.

Just more socially engineered slavery and debt brought to you by a government and generations of nanny followers that think government is the answer.


Posted by: Lunatic Fringe at March 08, 2010 11:03 PM (4/RPk)

46 Do we actually know what is in the 2,000 pages of this bill? Does anyone?

Posted by: sharrukin at March 08, 2010 11:03 PM (593B8)

47 I would like to opt out of social security if I legally could. I am 26.
It's not going to be there for me.

I was saying the same thing back in 1980 when I got my first job out of college. I still believe it 30 years later. It won't be there for me either.

I've been kicking around an opt-out plan that might fly. You still have to pay, but at only 20% of the rate they take now. In exchange for that, you can put as much as yo want into a Roth.

Practically, an op-out requires those opting out to still pay a little to keep a transition period afloat for those in to deep already to back out. I odn't know if 20% is the right figure, maybe its 10% or 25%.

Posted by: Purple Avenger at March 08, 2010 11:05 PM (On3wZ)

48 This makes me angry. You won't like me when I'm angry.

Posted by: Patriot Bruce Banner at March 08, 2010 11:05 PM (B5cM9)

49 41
So what happens if they pass it?

Can we all move to Texas and then build a wall around it?

PPPete, that's what I have been wondering. If we can't effectively resist this power grab, is there any option other than once again founding a new country on the principles of freedom?

Posted by: Mindy at March 08, 2010 11:08 PM (UnVsw)

50 Them kind of people need health insurance to.

Posted by: Sheets Rather at March 08, 2010 11:08 PM (IrdrP)

51 Oh, and if I were planning to retire even 5 years from now, I have little faith Social Security would be there for me.

Posted by: Purple Avenger at March 08, 2010 11:08 PM (On3wZ)

52 The USA will collapse under the weight of Socialism.

Nothing can stop it. It is way too late.

But, a new and better Republic can emerge from the ashes.

Posted by: eman at March 08, 2010 11:11 PM (D7/BU)

53 Gov't should offer SS buyouts. 35 cents on the dollar now and no more payments. I'd do it at 49. Problem is, they don't even have the money to do that. The greatest Ponzi scheme ever invented makes Bernie look like a piker.

Posted by: Lunatic Fringe at March 08, 2010 11:12 PM (4/RPk)

54 Lunatic Fringe:
You are right on. It is so easy to get a loan for your kid to go to college regardless of your ability to pay it back. They bank on the current fallacy of a college education paving the road to riches. At one time a college degree meant something, now it's a matter of pay up and pass'em. The system is in overload now and a college degree is watered down.

Posted by: Barbarosa at March 08, 2010 11:13 PM (tKEtn)

55 46
Do we actually know what is in the 2,000 pages of this bill? Does
anyone?

If they wanted us to know what was in the bill, they would have shown us. Hell, they would have trumpeted it from the metaphorical spires of the New York Times. Since they're keeping it super SUPER sekrit, I'm guessing it's full on Cloward Piven, damn the torpedoes we're the USSA kind of stuff.

Posted by: shibumi at March 08, 2010 11:14 PM (OKZrE)

56 You post like a thirteen year old girl.

Posted by: Seriously, dude at March 08, 2010 11:19 PM (tt+w4)

57 It's not a bill - it's a prop....

Posted by: Teresa in Fort Worth, TX at March 08, 2010 11:19 PM (LdoXK)

58 52
The USA will collapse under the weight of Socialism.





Nothing can stop it. It is way too late.





But, a new and better Republic can emerge from the ashes.

Eman, that is real genius. In fact, I pray that death comes quickly. But this bunch of socially engineered politicians can't accept death and hanging with dignity. They gotta get their hands in the noose and suffer a long, agonizing, painful death. But it will be death, regardless.

Cheers and bottoms up! Let's drink to a quick death...

Posted by: Lunatic Fringe at March 08, 2010 11:24 PM (4/RPk)

59 Can anyone explain to me why health insurers have an anti-trust exemption?

Posted by: ParisParamus at March 08, 2010 11:24 PM (flcpl)

60 Here's a question for those "nullification" knowledgable.
The Senate bill includes income tax increases. A state nullifies. Since any particular tax is not for one specific benefit, or for that matter even HC, how are later Fed distributions to States affected?

Posted by: MDr VB1.0 CS1st at March 08, 2010 11:29 PM (ucq49)

61 Nationalizing 401Ks is next.

Posted by: random at March 08, 2010 11:29 PM (hoLvU)

62 Hmmm.
*rubs chin*
Could Oprah have been wrong about this guy? Nah.

Posted by: I registered to vote in 2008! at March 08, 2010 11:29 PM (FD3EH)

63 The McCarran Ferguson act which legalized thievery and monopolization, price fixing- and over rode a Supreme Court ruling that forbid the practice. Your government to the rescue!

Posted by: Lunatic Fringe at March 08, 2010 11:30 PM (4/RPk)

64 I went to work while in high school 1976. I have worked everyyear since. SS taxes have been witheld ditto. All the while being promised a retirement of some sort. They have lied, and stolen, my funds. (not much compared to you college edumacated folks) But still, I feel robbed, cheated, and abused.
You put money into an account, with expectations to retire someday.
All gone.

Posted by: Guns n Roses at March 08, 2010 11:30 PM (j2yac)

65 I love my job in CA and I really like CA.

My plan is to dodge the shrapnel of a collapsing State Government and carry on in the Recovering Republic of California.

Posted by: eman at March 08, 2010 11:31 PM (D7/BU)

66 This kind of shit won't stand. There are millions of us, more than this fuck faced administration would care to realize. We won't stand for it. You can bend us, but at some point we are going to break, and watch what the fuck happens. I've had enough of this progressive communism horseshit.

Posted by: Sparky at March 08, 2010 11:33 PM (r0u40)

67 SS was a lie from day one.

Your money never went into a fund for you or others, it was spent on those collecting benefits. Your SS "fund" is an IOU written with a dried turd on half-solidified vomit.

Posted by: eman at March 08, 2010 11:34 PM (D7/BU)

68 Ah, Eman I fled the Santa Ynez vinyards and Jalama beach just last year. Let me know when its safe to return.

Can we haz lost decade now?

Posted by: Lunatic Fringe at March 08, 2010 11:36 PM (4/RPk)

69 Posted by: eman at March 08, 2010 11:34 PM (D7/BU)

Stop. You're making me hungry.

Posted by: A. Sullivan at March 08, 2010 11:38 PM (5I0Yr)

70 FYI: This piece of shit put MASEN in play. If you think Obama is swinging for the fences and will hit a home run, he really needs to hit one in all 4 at bats. So far he is 0-1 with a strikeout.

Posted by: wtfci at March 08, 2010 11:43 PM (EbpbH)

71 National ID cards in the works now too.

Posted by: sharrukin at March 08, 2010 11:43 PM (593B8)

72 Guns n Roses...

A few years ago, a friend of mine described a Ponzi scheme as a scheme wherein the older investors simply stole the money from the newest investors. The scheme collapses when there are no new investors. SS is a Ponzi scheme. There is no money. The only thing keeping it from total collapse is that contributions, unlike Bernie's fund, are not voluntary.

You and I are about the same age. We ain't getting shit. I want to see it die quickly so that we can stop and divert the 7.25% we lose... back to the rightful owners...us.

Posted by: Lunatic Fringe at March 08, 2010 11:46 PM (4/RPk)

73 Oh, and if I were planning to retire even 5 years from now, I have little faith Social Security would be there for me.
It's dead and gone. I'm a bit youngish and have a little time to prepare and I'm not counting SS towards my future income.At all.

Posted by: ErikW at March 08, 2010 11:48 PM (UIk4D)

74 Ok...is this legal??? ONT is ONT??? Right???

Or does this happen all the time??

I am a nub...

Posted by: BigWyo at March 08, 2010 11:50 PM (SafY+)

75 Well, I slept well for overa week after Scott Brown was elected. It was nice while it lasted. I feel like a wuss when I think it, much less write it, but, what the ever loving f^ck is happening to this country?

Posted by: sybilll at March 08, 2010 11:52 PM (q9hFC)

76 I was just offered this advice by not one, but two financial advisers in the last two weeks. Take your money out of 401k and invest it yourself. If you have a non Roth 401k, take the tax hit. You will thank me in five years. That is what smart advisors are now saying...Don't let the Government steal your money.

Posted by: mystry at March 08, 2010 11:55 PM (kmgIE)

77 Now they are going to pay people to short sell their homes. http://tinyurl.com/yfmsadaI have run out of adjectives.

Posted by: sybilll at March 08, 2010 11:57 PM (q9hFC)

78 What happened when America woke up the last time? I assume that was the 60's. (by the way, you guys went back to sleep!). They used music. I'm trying to figure out what to do 50 years later.

It's not just health care. It's the whole system that's in charge of this huge idea. I'm not hip with who voted what. But I can assume everyone in office hasn't voted with good intentions (correct me if I'm wrong). Anyone that promotes war and debt are terrorists in my opinion.


Posted by: Geronimo at March 08, 2010 11:59 PM (vsRFH)

79 There are several states (I know that New Jersey is one) that have a recall provision for Senators. If you are in one of those states, get going and get rid of the offenders now! We shouldn't have to wait until November to throw at least some of the bums out.

Posted by: elliot m at March 09, 2010 12:03 AM (rHQQw)

80 Don't let the government steal your money. Vote against anyone that supports government theft.

Posted by: FatBaldnSassy at March 09, 2010 12:03 AM (YiECU)

81 I allways have thought that once the "huge baby boomer thing is over, But I admitt I am one" meme was over, it was over. But no.
The baby boom is over. thanks to abortion and still, More money for Edumacation, schools etc. Baby Boomers want social security right now.
The obamanuts wait in the wings to tell us.
to be a rock and not to roll.

Posted by: Guns n Roses at March 09, 2010 12:20 AM (J+JEr)

82 The Under Lying dream.

Posted by: Plush Islands at March 09, 2010 12:27 AM (FD2Ex)

83 Must-See: Brilliant Mark Levin speech at Reagan Library.

Posted by: ahem at March 09, 2010 12:29 AM (LvZLQ)

84 Mystry

I yanked a low six fig 401k last year and took the 20% fed haircut, the 10% penalty, and the 7% state haircut. I had to. I am procrastinating the tax rape I must endure.

But I am not going to reinvest it in any market where these thieving bastards can get their hands on it.

Obama said he would get rid of the penalty for those of us forced to cash out. Like every other piece of drivel coming from his mouth, the penalty waiver did not find fruition. And in fact, he has armed and re-inforced audits, collections, and increased the budget for the IRS this year. Such a humanitarian.

I wish they'd let me trade the penalty for 6 months in Fed prison. I'd do it standing on my head. Right now would be fine.


Posted by: Lunatic Fringe at March 09, 2010 12:36 AM (4/RPk)

85 Google...Enemy Belligerent, Interrogation, Detention, and Prosecution Act of 2010

John McCain and Joesph Lieberman introduced this bill recently. Now if you add that with the Patriot Act...Doesn't that apply to us posting anything negative about the government? Please correct me if I am wrong. I am new to the movement.

Posted by: Geronimo at March 09, 2010 12:42 AM (vsRFH)

86 There aren't enough Secret Servicemen to protect every member of Congress.
Let them pass what they want.
I am eager to see them try and enforce this shit.

Posted by: garrett at March 09, 2010 12:51 AM (SCwbN)

87 Jesse Jackson keeps mentioning all the money sitting in 401Ks.
Obama has mentioned nationalizing 401Ks more than once. There will be a 401K one time tax when this is done and there will be a ceiling on profit -- but you will be guaranteed payments from your account later in life (yea, right!)
Actually this is very similar to what Bill Clinton tried to do and Republican Congress stopped him.

Posted by: Cary at March 09, 2010 12:52 AM (39wcm)

88 In other words, the same BS we've heard a thousand
times before, when they still didn't have the votes to get things done.


Posted by: nickless at March 08, 2010 10:44 PM (MMC8r)
I remember hearing that before it passed the house the first time. And then before it passed in the senate.So.

Posted by: tdpwells at March 09, 2010 12:55 AM (Ei3oZ)

89 Jesse Jackson keeps mentioning all the money sitting in 401Ks.
Obama has mentioned nationalizing 401Ks more than once. There will
be a 401K one time tax when this is done and there will be a ceiling on
profit -- but you will be guaranteed payments from your account later
in life (yea, right!)
Actually this is very similar to what Bill Clinton tried to do and Republican Congress stopped him.
I know Ace discourages the revolution talk around here, but this might just do the trick. Seriously, how can any politician propose something like, "we're gonna take your money and guarantee a payment in the future". Wait, FDR not only said it, he did it. This is just the logical conclusion of that line of thought.

Posted by: rockhead at March 09, 2010 01:02 AM (RykTt)

90 Things would explode in this country if they went after 401ks.

Posted by: Fed Up at March 09, 2010 01:08 AM (5V+TV)

91
> 10

Has anyone heard about the government potentially taking over 401ks or at the very least demanding they use gov't funded banks? ...

Posted by: Ben

In the side headlines.

But if you see this comment after the relevant story slides away, here it is again.


Problem. Many state pension plans are underfunded. Govt. Solution. Suggest (order) they put their (your) money into busted banks!
Confiscating your retirement account was just crazy talk. It's easier to tell pension plans what to do with the money instead. [ArthurK]

And here's the link.

http://tinyurl.com/yervz53

Posted by: Comrade Arthur at March 09, 2010 01:22 AM (3/JCS)

92 They are leaning really fucking hard on the Producer Class these days.
They are literally Terrorizing the Investors and the Equity holders in this Nation.
They are leaning on the Banks and the Banks are passing the pressure onto the responsible Citizens.
The burden is getting greater on each and every working citizen in the Private Sector.
We can only bend so far before we break.


Posted by: garrett at March 09, 2010 01:23 AM (SCwbN)

93 What Americans did to Americans during the Civil War should scare the blood out of everyone. Let's make this one a cold war -- and win it, of course.

Posted by: arhooley at March 09, 2010 01:33 AM (x94+o)

94 90 Things would explode in this country if they went after 401ks.Posted by: Fed Up at March 09, 2010 01:08 AM (5V+TV)

Especially if they went after 401ks soon after the passing of the health care bill. I would worry about the level of civil disobedience and unrest that might follow. I never thought I'd worry about another Civil War in this country in my lifetime, but it's as if Obama and the Dems. are seeing how far they can go with their plans before that becomes a possibility.

WTF happened to this country over the past 18 months anyway? I feel like I traveled to the alternate future in which Biff Tannen is calling all the shots.

http://tinyurl.com/n5aqbu

Posted by: Slappy at March 09, 2010 01:45 AM (ljvjO)

95 Don't forget the forgiveness provision O talked about in SOTU. Remember? Where if you couldn't pony up the scratch to pay the loan back after a long time it would just get forgiven. Oh and it gets forgiven a decade earlier if you join the hive (go into public service).

Posted by: MikeTheMoose at March 09, 2010 02:02 AM (CoBtF)

96 Will the last person to leave please leave a link concerning Iran war scenarios at Pre War Forensics.

I need help. Lot's of scenarios out there but most are useless unless you are writing a comic book or you are a liberal president.

Also check out the shinny missiles, they gleam so very much. Plus pics of evil, cardboard coffins, uranium and a Hello Kitty soap dish.

Posted by: robotwhisper at March 09, 2010 02:28 AM (EiH7n)

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Posted by: watch at March 09, 2010 03:15 AM (FP+/1)

98 We don't need to build a wall around Texas, we need to build a wall around D.C. and have the fifty governors declare it an interstate prison.

Or fill it in for landfill.

I have no preference.

Posted by: milo Oblong at March 09, 2010 03:29 AM (+Z5RN)

99 loan issues???

Posted by: anyhu at March 09, 2010 04:04 AM (WYfJV)

100
Or fill it in for landfill.

Weapons testing site.
Toxic waste dump.

I don't care either.

Posted by: arhooley at March 09, 2010 04:08 AM (x94+o)

101 One of these controversial measures rewrites the Higher Education Act to ban private companies from offering federally guaranteed student loans as of this July.
I don't know if anyone has already said this since I am late to the thread, but the feds took over the student loan buisness last year. Why do they need this. The original takeover was part of the "stimuous fraud".

Posted by: Vic at March 09, 2010 04:09 AM (QrA9E)

102 One other thing, since neither this nor healthcare have anything to do with budget balancing look for it not to make it through reconciliation.
Personally I am beginning to thing that they will not even be able to pass the fake Senate bill so they can have something to "reconcile".

Posted by: Vic at March 09, 2010 04:12 AM (QrA9E)

103 I yanked a low six fig 401k last year and took the 20% fed haircut, the 10% penalty, and the 7% state haircut. I had to. I am procrastinating the tax rape I must endure.
Perhaps that is what Obama wants with all these rumors about nationilizing the 401Ks? A lot of people will cash out and he will get a huge influx in taxes and penalties to help "balance" the budget.
Just another alternative way of taxing you.

Posted by: Vic at March 09, 2010 04:17 AM (QrA9E)

104 How about "Nuclear Repository" with stone monuments carved in multiple languages, labeled - "There are no hero's buried here."

According to the government, this should keep visitors out for 10 to 30,000 years.



Posted by: milo Oblong at March 09, 2010 04:51 AM (+Z5RN)

105 I'm hoping the Republicans also realize this is the hill to die on and that they are hanging tough, not starting to waffle and go down the road of thinking about some kind of rollback in the future. Just like Iran going nuclear, once the genie is out of the bottle, it can't be put back in.
Truly, it is hard to believe what the Democrats are jamming down the Country's throat in their quest for permanent power and desire for a grand transformation of what we are all about.
Thanks again, 52, for the gift that keeps on giving.

Posted by: RM at March 09, 2010 06:12 AM (1kwr2)

106 Why am I getting the feeling that we'll eventually have things like media events where people burn their life savings bond cards, etc., in a show of solidarity with the state against the ebil joooooooooooooooooooos in charge of the private banking system; like Italy did with Mussolini in the 1920's?

Posted by: Ranba Ral at March 09, 2010 06:18 AM (atxR0)

107 Perhaps that is what Obama wants

There's numbers involved, so I suspect it's more what George Soros wants.

Although honestly, I can't tell if Obama knows he's working for Soros. The line between malevolence and incompetence has been blurred...

Posted by: HeatherRadish at March 09, 2010 06:24 AM (OkT2m)

108 My husband and I cashed in our 401K and paid all of our debts including our house! We're hunkering down for the coming chaos.

Posted by: rino2con at March 09, 2010 07:15 AM (jTzNH)

109
Yesterday at yet another health care reform rally in PA, Obama blamed the insurance companies for...[I Shit You Not]adding to the federal deficit[/I Shit You Not].

read it again:

Yesterday at yet another health care reform rally in PA, Obama blamed
the insurance companies for...[I Shit You Not]adding to the federal
deficit[/I Shit You Not].

and again:

Yesterday at yet another health care reform rally in PA, Obama blamed
the insurance companies for...[I Shit You Not]adding to the federal
deficit[/I Shit You Not].

Posted by: This is Carlton, the doorman at March 09, 2010 07:45 AM (W4rT5)

110
Please someone anyone get the soundbite where he says it and PLEASE someone in the GOP make some hay about it YOU LAZY DO-NOTHING BASTARDS!

Posted by: This is Carlton, the doorman at March 09, 2010 07:46 AM (W4rT5)

111 The government owns the student loan business anyway since all the loans are guaranteed through them. However, full control means they get to start making all kinds of rules. "Johnny, you want a student loan? You must major in alternative energy development."

Posted by: Steve L. at March 09, 2010 08:10 AM (Gkhxf)

112 Tea anyone?

Posted by: NotAMolly at March 09, 2010 08:13 AM (ADJFU)

113 I would rather not burn my 401K since it is all in utility stock that did not do badly during the collapse and it is back now to where it was. I am actually living off of the dividends (with some other stuff) which do not change as the price of the stock goes up or down.
I actually don't think they are going to take 401K's like mine because that is a taking of private property for which they would have to pay fair markett value. If their intent is to actually steal it then we have a lot more to worry about than utility stock because if that shit starts happening not only will the stock be no good, but neither will anything but food and lead.

Posted by: Vic at March 09, 2010 08:15 AM (QrA9E)

114 enough with the "dumbass GOP" remarks ...
Do you have a group of represenatives ALREADY in Congress you would prefer tolead the fight against Obama ? If not then stfu and fight the fight with the team you have ...
Point your guns at the Dems ...

Posted by: Jeff at March 09, 2010 08:25 AM (J2pN5)

115
They're not fighting, Jeff. That's my fucking point.

Are you familiar with points? You should be because you have a point on the top of your head, you dunce.

Posted by: This is Carlton, the doorman at March 09, 2010 08:28 AM (yBGZp)

116 I thought reconciliation was only for taxes and budget stuff. How's outlawing private origination of student loans fit in?

Posted by: FUBAR at March 09, 2010 08:30 AM (1fanL)

117 It would be dumb to get rid of Social Security. Social Security has the same problem as health care. We aren't going to deny health care to people, just like we aren't going to let old people starve. I don't want to let anyone "opt out" of Social Security, because all they're opting out of is the payments. If they end up 70 and flat broke, the gummint will take care of them.

Posted by: FUBAR at March 09, 2010 08:35 AM (1fanL)

118 I don't know if anyone has already said this since I am late to the thread, but the feds took over the student loan buisness last year.
That's what I thought, Vic.
What gives?

Posted by: The Outlaw in the Heavenly Hall at March 09, 2010 08:35 AM (BUFKn)

119 Who is surprised that our two bit tin pot wanna bee, is well you know, a two bit tin pot wanna bee Chavez clone.

All he needs is enough useful idiots to make it happen. The free lunch for votes is a song heard for centuries, and seems like the useful idiots fall for it every-time.

Posted by: bill-tb at March 09, 2010 08:41 AM (y+QfZ)

120 I don't see where the gummint wants to take over 401(k)s. The article in the sidebar is about public pension funds. Don't insult 401(k)s like that.

Posted by: FUBAR at March 09, 2010 08:41 AM (1fanL)

121 As Mark Styen said - Government Heathcare is not about heath - its about government.

Posted by: Lily at March 09, 2010 08:41 AM (igSv+)

122
I think it would be good to have the arrogant little pricks in the universities to get a taste of a government bureaucracy controlling their life.

The down side is when the Obama administration will forgive the debts in exchange for community organizing.

Posted by: Dang at March 09, 2010 08:43 AM (UA4gE)

123
Oh, and regarding the story in today's news about that asshole who couldn't stop his Prius...

BULLSHIT!

I'll bet my left nut there is nothing defective on that car. It was a stunt to get on the news, screw Toyota, make some money, or maybe all of the above.

Posted by: This is Carlton, the doorman at March 09, 2010 08:43 AM (AlREO)

124
THERE'S A COMMUNIST LIVING IN THE WHITE HOUSE.

Posted by: Lemon Kitten at March 09, 2010 08:44 AM (0fzsA)

125 Thanks again, 52, for the gift that keeps on giving.

It's my traumatic childhood all over again. You realize who the monsters are, what they cannot help but do owing to their nature, and you fend for yourself the best you can. You also hate your parents for putting you in this situation and not doing their jobs. At least I have been lucky enough to feel gratitude at being alive not to mention surviving. But I burned the house down on my way out, and I quit speaking to my family long ago. And now this fuckery...

Posted by: Tattoo De Plane at March 09, 2010 08:45 AM (mHQ7T)

126
ok - this is a nutty idea but, I wonder is Massa went nuts because his life was threatened?


Posted by: Lemon Kitten at March 09, 2010 08:47 AM (0fzsA)

127 I have told my daughter to start putting away what ever the gov't is taking form her paycheck and double it. I would be set to retire at 60. But now, I know that I will be at least 70 if I want to survive this fucked up mess. Or she will have to support me. We have endured 2 unemployments in the last 3 years and there is really nothing left for our retirement. Literally. Galveston, Texas was smart to beat the loophole before it closed and invested in their own retirements. It's the only way to remain solvent. A personal and vested responsibility for YOUR retirement, not what uncle promised and stole from you.

My mother busted her ass for 50 years and just "retired". I will be supporting her in oh, say 2 years because of the money stolen from her. Tell me where else it's legal to steal from people and not be held accountable?

Posted by: DefendUSA at March 09, 2010 08:52 AM (N69Wd)

128 *Sigh*
I give that sigh like any auto mechanic that knows it is going to haver to GRIND AND CLAIBRATE evertythingto fix this.
I give that sigh like the the farmer that knows he's going to have to tear up everything andmake multiple passes with the REALLY NASTY STUFF to clear this bug out.
I give that sigh like the accountant who is going to have to dig through the INCOMPETE RECORDS to straighten this out.
I give that sigh like the programmer who will have to search for the UNACCOUNTED FOR EXCEPTION to fix all this.
I sigh like the citizen who has to CHECK THE WORKOF INCOMPETENT SUBORDINATES.
*Sigh*

(Ah, don't get me started...)

Posted by: Warthog at March 09, 2010 08:52 AM (WDySP)

129 Posted by: FUBAR at March 09, 2010 08:41 AM (1fanL)
-----------------------------------------------

It's coming in the near future. Just google "the end of the 401k" for a primer on their plans. I read recently that the treasury sec. has begun to accept public comment on a proposed plan that would allow 401k holders to trade in their accounts in exchange for a treasury based "annuity". Of course on a voluntary basis, for now. Look for that to be followed by favorable tax status of the 401k to go the way of the dodo as well soon thereafter.

The fact is that the only funding mechanism we have right now for the Feds is debt, or IOW's, the sale of treasuries. At some point buyers (e.g. China, Russia, Japan, etc.) will begin to demand a risk premium as our debt continues to balloon. Increases in rates will tank what's left of our supposed "recovery", hence they need to find an alternate source of funding. The Feds need only tap into a fraction of the 401k market to kick the can down the road a little longer. The bottom line is that the only way Obama's plans can play out is via a wholesale confiscation of wealth from the citizenry. Wish it weren't so, but it seems to be where we're headed.

Posted by: volfan at March 09, 2010 08:55 AM (47eG6)

130 in between posts, call/fax/email one of these Congress Critters. Remind them to vote no.
Brian Baird WA-03 Washington, DC Office • U.S. House of

Representatives • 2350 Rayburn HOB • Washington, DC 20515 • Phone:
(202) 225-3536 • Fax: (202) 225-3478

John Boccieri OH-16 Washington D.C. Office • 1516 Longworth HOB •
Washington, D.C. 20515 • Ph: (202) 225-3876 • Fax: (202) 225-3059

District Toll Free Help Number: 1-800-826-9015

Bart Gordon TN-06 Washington Office 2306 Rayburn HOB Washington, D.C.
20515 Phone: (202) 225-4231 Fax: (202) 225-6887

Larry Kissell NC-08 Washington, DC OfficeCongressman LarryKissell512

Cannon HOB Washington, D.C. 20515 Phone: (202) 225-3715 Fax: (202)
225-4036

Jason Altmire PA-04 Washington DC Office 332 Cannon HOB Washington, DC
20515 ph: 202-225-2565 fx: 202-226-2274

John Adler NJ-03 Washington D.C. Office 1223 Longworth HOB Washington,

D.C. 20515 Phone: (202) 225-4765 Fax: (202) 225-0778

John Barrow GA-12 Washington, DC 213 Cannon HOB Washington, DC 20515
p: (202) 225-2823 f: (202) 225-3377

Allen Boyd FL-02 Washington D.C. Office • 1227 Longworth HOB •

Washington, DC 20515 • P (202) 225-5235 • F (202) 225-5615 •

Rick Boucher VA-09 WASHINGTOND.C. OFFICE | 2187 RAYBURN HOUSE OFFICE
BUILDING | WASHINGTON, D.C. 20515 | 202-225-3861 | 202-225-0442(FAX)

Ben Chandler KY-06 Washington, DC Office 1504

Longworth HOB Washington, D.C. 20515 Phone: (202) 225-4706 Fax: (202)
225-2122

Tim Holden PA-17 Washington Office | 2417 Rayburn HOB | Washington,
D.C. 20515 | Phone: (202) 225-5546 | FAX: (202) 226-0996


Suzanne Kosmas FL-24 Washington D.C. Office 238 Cannon HOB Washington,
D.C. 20515 Phone: (202) 225-2706
Fax: (202) 226-6299

Frank Kratovil MD-01 Washington, DC Office 314 Cannon HOB Washington,
D.C. 20515 Phone: (202) 225-5311 Fax: (202) 225-0254


Betsy Markey CO-04 Washington, D.C. 2108 Rayburn House Office Building
Washington, DC 20515 202-225-2836


Just do it.

Posted by: just say NO at March 09, 2010 08:56 AM (PI/0J)

131 1) First rule of healtcare is nobody knows what's in healtcare.
2) We don't discuss what's in healthcare.

Posted by: fightclub1200 at March 09, 2010 08:56 AM (BVY2X)

132 That's what I thought, Vic.
What gives?
OK, from what I can tell under the program from last year the govcernment entered the market as "competition" to the private lenders. I guess that was similar to what they want to do with healthscam.
From what this article describes they want to take over the market entirely so that they are the ONLY source and run the private companies out of buisness.
I guess that is what they want to do with healthcare as well.

Posted by: Vic at March 09, 2010 09:02 AM (QrA9E)

133 Beck said something the other night that I thought was interesting. He pointed out that even though the media and history would have you believe that FDR was adored, the first thing the country did when he died was limit the number of terms that a president could serve by constitutional amendment. Right away. As if the country said, YIKES! we can't have that happen again.
If somehow we get through this, the VERY FIRST thing that has to happen is to get rid of this reconcilation loophole. By constitutional amendment of necessary. Eventhough we may want to see it wait until after we can repeal some of this horseshit.
Dangerous times.

Posted by: dagny at March 09, 2010 09:03 AM (zNOdZ)

134 Is there any good news this morning?

Posted by: nevergiveup at March 09, 2010 09:05 AM (0GFWk)

135 The govt needs to get out of the student loan business entirely. All it has done is encourage the proliferation of diploma mills, cause tuition to skyrocket far beyond the rate of inflation, and further devalue a college degree.

Posted by: COURAGE at March 09, 2010 09:06 AM (fGMGp)

136 Anyone see the article on Drudge about the Obama Admin banning recreational fishing at the great lakes, oceans, and inland water ways of america.
There is no way they could possibly do that for several reasons. One, it is f'ing insane. Two, states need money and they can't afford to lose the cash from fishing licenses. Three, many democrats and independents are fisherman. Four, it would never be obeyed.

Posted by: Ben at March 09, 2010 09:07 AM (wuv1c)

137 Posted by: Vic at March 09, 2010 09:02 AM (QrA9E)
----------------------------------------------------

Obama's whole student loan takeover is designed to favor the lower classes and create another entitlement monster. One need only see that his plan:

Favors gov't employment by forgiving their loan balances after 10 years vs. 20 years for private sector employees.

Payments can't exceed 5% of gross pay (run the numbers, per the above plans, govt employees will never have to pay to pay off their balances).

With wholesale loan forgiveness, little incentive will exist to keep costs down, therefore paying cash for college stops; only federal "funding" remains.

What this really means is a defacto nationalization of higher education via gov't funding. Also, another entitlement that can never be rolled back. This guy really wants control everything.

Posted by: volfan at March 09, 2010 09:13 AM (47eG6)

138 There is no way they could possibly do that for several reasons. One, it is f'ing insane.

They banned the possession of all children's books printed before 1984. They can do anything. And probably will.

Posted by: HeatherRadish at March 09, 2010 09:13 AM (mR7mk)

139
OT - Pretty cool. Soldiers take up knitting.

Posted by: Dang at March 09, 2010 09:15 AM (UA4gE)

140 Carelton - on the Toyota thing. The lawyers that is pushing the "un-commanded acceleration" bit has now hammered two major car companies with this (Audi and now Toyota). The result will be the car makers incorporating a sensor to record your actions on loop.

Posted by: Jean at March 09, 2010 09:18 AM (ouk5a)

141 The result will be the car makers incorporating a sensor to record your actions on loop.

Add another how much $$$ to the base price?

Posted by: HeatherRadish at March 09, 2010 09:22 AM (mR7mk)

142 Obama has to do this. He needs a reason to get his base motivated for the 2010 midterms. The enthusiasm gap is killing them. What he really needs is for it to be tied to something the Republicans can't vote for - if it came thru on it's own - the Repubs would let it pass - then defund it next year. So he needs an issue to rope-a-dope the young people into the polls.

Posted by: Jean at March 09, 2010 09:23 AM (vb5IK)

143 Heather - not much, but it will make accident reconstruction much easier - so it may drive down insurance rates in the long term.

Posted by: Jean at March 09, 2010 09:24 AM (QFzyw)

144 Comrade Obama with a Soviet style plan? The deuce you say. Why Barry just the other week said that he supports the capitalist system and then when on to bash every aspect of it.

Posted by: TheQuietMan at March 09, 2010 09:26 AM (1Jaio)

145 If somehow we get through this, the VERY FIRST thing that has to happen is to get rid of this reconcilation loophole.
Reconciliation was originally written to allow easier times to balance the budget. When Bill Clinton tried to use it to pass healthscam I he was blocked by the Republicans and some of his own Party because it was considered an abuse of the process.
After that Robert "sheets" Byrd who this time was on the good side introduced the Byrd Amendment which basically made it almost impossible to use it for non-budget items and huge bills that most people did not want.
So far it has been used twenty some odd times by both parties, but contrary to the propanda put out by the Dems and the media, the ONLY time it has been used for a non-budget item was when the Dems used it for the College Cost Reduction and Access Act of 2007. Bush should have vetoed it but he had still lost his veto pen. Now the Dems want to take over college loans entirely.
The Repubs in the Senate could have blocked its use but didn't even try. And they wonder why they lost in 2008.

Posted by: Vic at March 09, 2010 09:31 AM (QrA9E)

146 Obama hasn't been shy about telling people he wants to take over the student loan business. In fact, as part of his "freeze" on discretionary spending he converts the student loan program ($40 billion dollars) from discretionary spending to entitlement spending. That allows the student loan program to explode when the the government takes it fully over while Obama can claim to "freeze" spending.
Another, not publicized, item is his year over year cut in security and defense spending. When he made his promise to freeze discretionary spending except for security spending it was because he is planning to actually cut security spending.

Posted by: Ken at March 09, 2010 09:44 AM (4JpPD)

147 So, if the Dems take over student loans - it mean that when the Repubs get control we can titrate the loans to schools which don't mean "standards", don't offer ROTC, or have too many tenure positions?

Posted by: Jean at March 09, 2010 09:45 AM (tTdaQ)

148 mean is how I spell meet on the internet

Posted by: Jean at March 09, 2010 09:47 AM (tTdaQ)

149 Any port in a storm

Posted by: MDr VB1.0 CS1st at March 09, 2010 10:26 AM (ucq49)

150 banning recreational fishing

Fishing is a non-productive recreational activity comrade, thus of no benefit to the state. We require you to spend your leisure time listening to and memorizing Comrade Obama's speeches. There will be a test on their contents later on. Your food allotment will correspond to your grade.

Posted by: Purple Avenger at March 09, 2010 11:05 AM (xt2LY)

151 #93, what Americans did to Americans between 1861 and 1865 is probably the only way we will be able to round up and deal with our fifth columnists, infiltrators, trans-national progressives, outright Communists, Muslim terrorist enablers, and other domestic enemies. Assuming we win, of course.
Fortunately we have most of the military and most of the guns.

Posted by: SGT Dan at March 09, 2010 11:56 AM (GgXZc)

152 Student Loans do need to be reformed, 3 years ago I saw a show on 60 Minutes talking about the coming disaster that is Sallie Mae. As too many kids are goign to school and are being burdened by debt. There was one Republican on congress that tried to at least address the issue but he was stopped by the bank lobby.

Obama does not want to fix things just take them over and run them, probably into the ground.

Posted by: Gary B at March 09, 2010 12:29 PM (1gWfF)

153 Hate to say "I told you so", but I've been remarking for quite some time that while everyone was watching healthcare, there would be a push coming from education. They are nothing if not predictable -- it was a broad spectrum push and effects more than just education (our military and constitutional rights are being brought into it too), but that's where it's coming from.
With cap and trade watch for a push concerning hunting/fishing/outdoor activities (the sport fishing will come into play, so will game hunting, federal land usage, even animal owing -- NAIS/NAID, and property rights)...it will be broad spectrum and pull in 2nd Amendment implications.

Posted by: unknown jane at March 09, 2010 12:31 PM (5/yRG)

154
> 120 I don't see where the gummint wants to take over 401(k)s. The article in the sidebar is about public pension funds. Don't insult 401(k)s like that.

Posted by: FUBAR

The point is that if the govt. can tell a public pension fund where to put is money, that's one step from telling a mutual fund manager where to put his money. And don't many people with 401Ks have mutual funds in their plan? Therefore, the govt. doesn't need to confiscate the 401k - they'll just control how the money is invested. Need more money to bankroll a windmill farm?

At least, that's where the slippery slope of FDIC "suggesting" where a public pension fund put it's money leads.

Posted by: Comrade Arthur at March 09, 2010 04:16 PM (3/JCS)

155 Has anyone been following the Iceland situation? They are rejecting the banksters and (I don't know how things work in Iceland) a media freedom bill is advancing in parliament. Any info?!

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- قسم الأخبار
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