Tuesday, October 9, 2007

Hillary Clinton and her 401K Proposal

Hillary Clinton recently announced that she intends to steal from successful people with another tax to fund 401ks for everyone else. Can you say socialism. Apparently she wants to start "American Retirement Accounts", where family's would sock away up to $5,000 and the government would match with another $1,000 for any household making under $60,000, and $500 for those making $60-100,000.

She plans to pay for these matching funds by stealing,(oops) I mean taxing estates over $7 million at a cost of $20-25 billion. Why she ignores the fact that people can create their own savings plan already I don't know. Or why people choose not to take advantage of IRA's that are tax deductible already.

Her example families presumably can afford to contribute $5,000 towards their retirement. Then why do they need to have the government mandate an American Retirement Account?" Annual contributions of $5,000 for 30 years with a modest 8% would accumulate over $650,000. So families need government help with funding still?

Another democrat slash socialist plan to take more money from successful people to fund others who refuse to plan ahead. Why do Democrats feel compelled to turn the US into a nanny state? We all have the option of saving thru IRA's and other methods but people choose not to. We need a good conservative voice of common sense to stop these sensationalist liberals!

Friday, October 5, 2007

Chris Minor to take on Joe Donnelly for Indiana 2nd Congressional District

I had the opportunity to attend a luncheon on 10/2 where Chris Minor was the speaker. He has announced he plans to run against Joe Donnelly for 2nd Congressional District seat. Minor had a 20year career in the army, retired as a Captain in the intelligence branch. He now works as a private contractor for the state department in Iraq.


If it comes down to deciding the election by arm wrestling Chris is going to win hands down. He is a big guy and has a VERY STRONG handshake. One noticeable thing about Chris is that he does not come across as a slick politician when talking to you. He is a down to earth middle class guy, and is very frank about the fact that he is a political novice.

Minor made it clear that he wants to limit government and keep it a constitutional one. He blasted democrats and republicans in Congress for spending like drunken sailors. His perspective on Iraq is one I think that needs to be heard. He has been there and seen actual action there, seeing the fighting and the death that has occurred there, admitting that he has lost friends to battle. Personally I wish more of our representatives had actual military time under their belts, so they could have a better idea what a grunt on the ground in Iraq goes thru. God bless every soldier who has volunteered!


Chris came across as a down to earth, lets get back to the basics conservative. I think we have a lot of member’s of congress who have lost their way and are willing to spend on anything. We need to get back to some basics and cut government back, not just cut additional increases in government spending.

His campaign has a long way to go but I think Chris can turn himself into a formidable candidate. I think his vision of what congress should be doing and what our current congressman is doing is something that will resonate with voters. I wish him the best of luck.