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Missed Fortune – How is Obama Hurting Your Retirement?

Posted on | June 27, 2010

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Democrats’ Attack on America

As more Americans are getting fed up with health-care bills being forced upon us, Obama’s approval ratings have been consistently dropping.

Forbes.com states:

“Suggesting a giant government takeover over a sixth of the economy can’t be a popular selling point in a county whose DNA has a programmed hostility to big government.”

From our nation’s founding, Americans have been cautious of big government.

Our founding fathers sought after a nation that had the consolidated strength of many, while at the same time still safeguarding the citizens from a dominant government that is invasive in their lives.

ObamaCare has thrown those founding principles out the window and is trying to fundamentally change the culture of American life in one fell swoop.

This attempt by the Democratic Party is one of the biggest political mistakes in history.

Dan Sullivan writes:

“The Democratic attempt to put the entire American health care industry under government control is going to destroy the party’s electoral fortunes for several decades if not generations.”

Americans are fed up with the government trying to be able to decide how, where and when they can receive medical services. The pains Americans will feel around this will not stop there, either.

Big Government Forcing Un-Retirement

With government getting bigger, the continuous costs to taxpayers are also increasing.

That, combined with the market upheaval, is causing people to be faced with drastically shrinking nest eggs put away in their 401(k)s.

Many retirees now need to un-retire. Fortune Magazine writes:

“Having to go back to the office when you dream for years about putting in your garden or volunteering can be frustrating and even depressing, but retirement isn’t all it’s cracked up to be either.

“For most productive, well educated men and women an average of 25 years of leisure may be isolating and boring. Returning to work may turn out to be a blessing after all. Remember work is good not only for the cash flow but also in keeping the mind and spirit sharp.”

That is certainly a positive take on a disheartening situation, and there may be many positives to going back to work.

However, wouldn’t it be nice to be choosing to go back to work instead of having to?

Many retirees are no longer faced with a choice like this. Going back to work is becoming a necessity.

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