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09/15/10

At American Thinker

 

Retirement Fund Trillions Lure Government Grabbers

 

God said:  Thou shall not steal.
 

Texas Law said:  A person is justified in using deadly force
against another to protect land or tangible, movable property

 

By Peter Raymond

Is the government making plans to confiscate your retirement money? The Obama administration is certainly exploring the idea.

This question no longer seems far-fetched when the group-thinkers in Washington unabashedly promote a doctrine of wealth redistribution and central planning. These Keynesian socialists know they will need vast new sources of revenues to fund their relentless spending binges to "transform" this nation. A logical next step would be to legitimize the confiscation of private retirement assets -- an idea that was contemplated in the recent past by the Clinton administration.

According to the Investment Company Institute, there was $7.835 trillion in IRA, 401K, 457, and 403b accounts in 2009. That is certainly too large a sum to be ignored by the big spending social engineers in Washington. Bureaucrats and politicians have been hard at work formulating a social justice excuse to legislate an historic seizure of private assets. This would not be the first time the statists extorted wealth from U.S. citizens on a massive scale.

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Belligerence, a Texas tradition...


Gonzales Flag

The Battle of Gonzales was the first military engagement of the Texas Revolution. It was fought near Gonzales, Texas, on October 2, 1835, between rebellious Texian settlers and a detachment of Mexican army troops.

In 1831, Mexican authorities gave the settlers of Gonzales a small cannon to help protect them from frequent Comanche raids. Over the next four years, the political situation in Mexico deteriorated, and in 1835 several states revolted. As the unrest spread, Colonel Domingo de Ugartechea, the commander of all Mexican troops in Texas, felt it unwise to leave the residents of Gonzales a weapon and requested the return of the cannon.

When the initial request was refused, Ugartechea sent 100 dragoons to retrieve the cannon using peaceful means. The soldiers neared Gonzales on September 29, but the colonists used a variety of excuses to keep them from the town, while secretly sending messengers to request assistance from nearby communities. Within two days, up to 140 Texians gathered in Gonzales, all determined not to give up the cannon. On October 1, settlers voted to initiate a fight. Mexican soldiers opened fire as Texians approached their camp in the early hours of October 2. After several hours of desultory firing, Mexican soldiers withdrew.

Although the skirmish had little military significance, it marked a clear break between the colonists and the Mexican government and is considered to have been the start of the Texas Revolution. News of the skirmish spread throughout the United States, where it was often referred to as the "Lexington of Texas". The cannon's fate is disputed. It may have been buried and rediscovered in 1936, or it may have been seized by Mexican troops after the Battle of the Alamo.

 

 

 

Updated