Who's protecting the middle class? Not Washington
By Paul Cross
Annuity National Brokerage Co.
For so many, the American Dream is now becoming the American Nightmare, with bankruptcies and home foreclosures soaring out of control and our Washington hypocrites claiming they are looking out for the middle class.
I’m not talking about Democrats or Republicans; my reference is to the hypocrites on both sides of the aisle.
The middle class is declining due to hypocritical intervention, and now they want to take control of the 401(k) while they claim to be protecting the middle class.
In numerous speeches, Harry Reid has said we are looking out for the middle class and the Democrats are on the same page, saying over and over again that they are looking out for the middle class.
Are you truly looking out for the middle class when you have five sons that collected more than $2 million in lobbying fees from special interest groups and large, wealthy corporations? Now Harry Reid’s five sons (four sons and a son-in-law) are opening a lobbying firm in Washington.
Washington is where our money goes into the hands of the hypocrites.
Washington, D.C. is now richer than Silicon Valley from the streams of tax dollars and lobbying fees that pour into Washington. And who benefits? Not the middle class.
The American dream is now underwater, down the drain, due to record bankruptcies and home foreclosures.
How can we take shelter?
For mainstream America, annuities offer the greatest tax shelter for IRAs, 401(k)s, the educators TSA-403(b) and even federal employees' thrift savings plans, where our government has, at times, paid 0 percent on the G Fund while protecting the hypocrites' plans.
Annuities and life insurance provide the middle class with income strategies for life and value added inheritances for the young, who will inherit the largest national debt ever.
Just prior to his assassination, James A. Garfield, the 20th U.S. president, said, “He who controls the money of a nation controls the nation.”
Herbert Hoover, the 31st U.S. president, said, “Blessed are the young, for they shall inherit the national debt.”
Who controls America’s money? Some say the IRS. In reality, the IRS is the bill collector. And the bill collector turns the money over to whom? To the U.S. Treasury.
Is the Fed the United States' central bank? And, if so, does the Fed control U.S. monetary policy? By changing the supply of money in circulation, the Fed influences interest rates, affecting the mortgage payments of millions of families, causing the financial markets to boom or collapse, and prompting the economy to expand or to stumble into recession. Who does this benefit? Certainly not the middle class.
Let us remember that America is where the people, not the government, make impossible dreams come true. Once again, blessed are the young, for they shall inherit the national debt. And once again, the people will rise to the challenges and make impossible dreams come true.