The rest of this cartoon can be seen at the American Spectator.
The Hill: Democrats and AARP want to make IRA Enrollment Automatic
The White House and congressional Democrats, with the backing of the AARP, will soon put forth a plan to automatically enroll new private-sector employees in investment retirement accounts (IRAs).
The measure will apply to new workers at firms that don’t currently offer 401(k) retirement plans, according to AARP, the lobby group for seniors. Workers would have the choice of opting out of the accounts…
The auto-enrollment provision will get pushback from small-business groups.
“It’s another burden placed on business that’s coming from Washington, keeping business owners from hiring and investing,” said Bill Rys, the tax counsel for the National Federation of Independent Business. “They’re being told, ‘Here’s how you run your business.’ ”
Investor’s Business Daily:
As poll after poll shows, businesses and individuals are just plain scared. They see massive new government initiatives and taxes either passed or in the pipeline, and wonder what room will be left for the private economy. The answer is: Not much.
According to Wall Street Journal columnist John Fund, Democrats plan to push through still more regulations and expansions of government even if they lose the November elections.
During a lame-duck session between the election and the swearing-in of the new Congress in January, Democrats hope to pass a “card-check” bill for Big Labor, an economy-busting cap-and-trade law and perhaps new tax hikes on all Americans after President Obama’s Deficit Commission issues its report in December.
Think about it. Democrats could be massively repudiated at the polls, yet still ram through more of their big government agenda.
If you’re still wondering, as many clueless economists are, why businesses in America are sitting on more than $1 trillion in cash but refuse to invest it, please re-read the previous two paragraphs.
Bloomberg: Greenspan Says Economy May Be Undergoing a `Pause’
Reuters: Businesses Step Up Criticism of Obama
