Beware of Obama’s new scam, the MyRA

Reblogged on https://currentopinionsofnews.wordpress.com

{Text is verbatim as posted on the source web site.}

Fellowship of the Minds

POS with Jack Lewl to r: POS; Jack Lew’s signature; Treasury Secretary Jack Lew

Last Tuesday, during his “I’m king” State of the disUnion address, the POS introduced a new government scam called the MyRA (My Retirement Account).

If you approve of how the feral government has squandered away your Social Security contributions — the SS “trust fund” is just an accounting fiction because the government raids that “fund” for its spending and still manages to run a deficit — then you’ll want to invest in this MyRA scam. Snark.

Jack Lew signature on dollar bill

This is how Treasury Secretary Jacob “Jack” Lew — he whose childish loopy-loop signature inspires such confidence [snark] — describes the MyRA in his op-ed of Jan. 30, 2014:

You will be able to start saving with an initial deposit of as little as $25 and contribute as little as $5 each payday. If an employer chooses to participate, contributions are made…

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About thomlucci

Disabled Veteran from Vietnam era, 2nd generation Italian-American, conservative, born in PA, raised mostly in Europe. Graduated from high school in France in 1966. Former print journalist, professional photographer. Love animals: dogs, cats, horses, mostly. Current Opinions of News is a blog where I vent my frustrations with Democrats, crime, social issues, and so on.
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