Rep. Peter King: This Hypocrite has a History of Supporting Terrorism

You know who this guy is?

CrazyKing

That’s Rep. Peter King, the wild-eyed Congressmen with fascist tendencies from New York’s 2nd District.  Peter King is one of the first characters you will see on television whenever someone has a firecracker in their underwear, ready to fear-monger the population into giving up more of their civil liberties in exchange for the perceived safety of a surveillance state.  He’s also the guy who just the other day called for legal action against journalist Glenn Greenwald for his role in publishing hero whistleblower Edward Snowden’s information.  Mr. King doesn’t stop there though.  He seems to believe his own party isn’t acting authoritarian enough.  He stated:

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It’s Coming: The Government Wants to “Help Manage” Retirement Accounts

Many people, including myself, have discussed this threat over the past several years.  The obvious concept is that when the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in American’s retirement accounts.  It seems that day may be finally drawing near.

I stopped contributing to my 401k back when I worked at Bernstein, and I will probably now have to give more serious consideration whether I want to take the penalty and move the funds out of my retirement account entirely.  I haven’t made any decisions, but will be watching closely.

I’m sure the government is just trying to protect your retirement account from terrorists.

From Bloomberg:

The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.

“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details.

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