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  • TWFKAP: We already have leaders like Bob Menendez: Barack Obama, Harry Reid, Chuck Schumer, Nancy Pelosi, Debbie Wasserman-Schultz,...

  • asombra: The condensed EU response: “Get a clue and don’t make us laugh.”

  • asombra: Was Menendez going for a “mature” Saturday Night Fever look? Bad idea.

  • asombra: And look, they even got the guards to dress up for this. Too bad their caps don’t match their uniforms. Clowns.

  • asombra: And isn’t Diana dressed for the occasion? At least that cow in the background put on a “cocktail” outfit....

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realclearworld

It can never happen here… (a continuing series)

Obama budget to take aim at "wealthy" IRAs:

President Obama’s budget, to be released next week, will limit how much wealthy individuals – like Mitt Romney – can keep in IRAs and other retirement accounts.

The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.

The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”

Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year. [...]

They will not rest until everything that is ours is theirs.

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