[deMolay]

Democrats Plan Clawback on 401ks

[deMolay]

Is this the same as the Argentina report of a couple of weeks ago?

[frankthetank]

Need to fix something:

$this->bbcode_second_pass_quote('', 'D')emocrats Plan Clawback on [s]401K's[/s] 201K's

[Plantagenet]

From the link:

"Under Ms. Ghilarducci's plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5% of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3% a year, adjusted for inflation."

-----------
No worries mate. This is just one of Obama's tax cuts. The government will give everybody $600!. Thats a $600 tax cut for everybody*!!!!

(*The government will also take 5% more of your income to put in a new mandatory retirement program, but that doesn't matter because the 5% you lose will be mandatory investment---not taxes. Just remember this...this is a tax cut. You will get a $600 tax cut with this new program.)

[Golgo13]

$this->bbcode_second_pass_quote('Plantagenet', '.')..The money in turn would be invested in special government bonds that would pay 3% a year, adjusted for inflation."

[deMolay]

Well it looks to me that the Government is seriously thinking or trying to get their hands on peoples pension money. The same as in Argentina. I sure hope this does not become a trend.

[mattduke]

House Discusses Confiscating 401k's link

[Arsenal]

Why so bitter about the Democrats? Bush got us here...

Without the politics now.

The quickest way to make the market plunge would be for this thing to pass or even get introduced in Congress. Everyone would pull out their 401ks even with the penalty.

[heroineworshipper]

It's going to be a matter of repeating the message over & over & over & over again on digg.com until people start chanting "confiscation you can count on!" on their own.

[Serial_Worrier]

$this->bbcode_second_pass_quote('heroineworshipper', 'I')t's going to be a matter of repeating the message over & over & over & over again on digg.com until people start chanting "confiscation you can count on!" on their own.

[MC2]

"All your savings are belong to us!"

[Sixstrings]

can I haz 401k?

[Zardoz]

Oh, for Christ's sake, read the god-damned ultra-deceptive, utterly-biased article.

$this->bbcode_second_pass_quote('', 'A')fter repeated questions asked by Neil Cavuto of Fox News, Miller said he would not be in favor of “killing the 401(k)” or of “killing the tax advantages for 401(k)s.”

[ReverseEngineer]

If the 401Ks are invested in the Stock Market, they are worthless ANYHOW. What's the difference here if they are confiscated? The value was ALREADY confiscated.

When will people stop buying into this smoke and mirrors parlor trick stuff? There is NO MONEY. The system is BANKRUPT. Can you read: T-O-I-L-E-T P-A-P-E-R?

Stop worrying about it. Republicans ALREADY robbed you blind. There is nothing left for Obama to steal.

Reverse Engineer

[smallpoxgirl]

Call me crazy, but the John Locke Foundation doesn't seem like the most unbiased of news sources.

[vision-master]

$this->bbcode_second_pass_quote('cbxer55', 'Y')'all voted for the dems in record numbers.
Y'all voted for "change". HOPE YOU LIKE IT!
Really, I hope it your change eats you alive!
SOME CHANGE!!

[Javaman]

$this->bbcode_second_pass_quote('ReverseEngineer', 'I')f the 401Ks are invested in the Stock Market, they are worthless ANYHOW. What's the difference here if they are confiscated? The value was ALREADY confiscated.
When will people stop buying into this smoke and mirrors parlor trick stuff? There is NO MONEY. The system is BANKRUPT. Can you read: T-O-I-L-E-T P-A-P-E-R?
Stop worrying about it. Republicans ALREADY robbed you blind. There is nothing left for Obama to steal.

[ReverseEngineer]

$this->bbcode_second_pass_quote('Javaman', 'O')nce again you are wrong. It's the liberals who rob us with income taxes.

[PrestonSturges]

AND THE CHINESE AND CUBANS ARE DRILLING FOR OIL IN MIAMI BAY

more wingnut spam.....

[frankthetank]

I saw some guys pull up in a black van today... They grabbed a shopping cart full of cans from a local homeless man. I heard them mutter something about it now being "government property"...

Javaman-
This is just heading right downhill... Wait until they steal the panties off your wife for the motherland.