Would Obama, Dems Kill 401(k) Plans?

You should have voted for Ron Paul.

We get the government we deserve. I wonder how many of the above commenters voted for Ron Paul, contributed to his campaign, etc. McCain is no different from Obama. They are both card carrying members of the Grand Socialist Uniparty. Yes they have different styles but the outcome is always the same: spend public money which they print out of thin air.

Thomas Jeffeson of DE @ May 04, 2009 17:06:14 PM

Government Pensions and 401Ks

Can anyone honestly tell me of one social program, in fact any program the government has had its hands in that has not be ineptly ran, overstaffed, burdened with government BS and never did what it was intended.

What about their war on poverty? 50+ years, trillions of dollars and guess what, we still got poor, undeducated folks. Sounds like that program did what it was intended to do. Not such a far fetched idea, may be!

As far as 401k and the government seizing them - they rob us of everything else - why not this. Thats why I don't have money in a 401K. A piggy bank under the bed is safer.

dougie do right of OH @ Apr 12, 2009 22:38:00 PM

I'd like my Social Security in 20's, please

There will be no alternative once the masses are sucking the teet of Communism. Public schools - prime example - you're wanting more for your child's education (more money/return for retirement) but you're already getting taxed for everyone else's public educations (Social Security), and you can no longer afford to funnel money where you KNOW it should go because you're milked as it is (good private schools).

NEVER let your government rule your money. WE put them into power, WE already decided the rules to play by, WE THE PEOPLE will over-rule this minority (yes, they ARE the minority) by the laws we've had in place. They will take our livelyhood and power and spend it on themselves if we do not gather together.

Don't think the internet will always be private! This is the source for thinkers, and as soon as they realize this, they will disban us "mutineers" and we'll have to resort to conspiring with only our friends and neighbors. This will become fact soon.

Josh of TX @ Apr 07, 2009 19:14:40 PM

why don't you get job and take care of yourself

a response to the the lazy ignorant person who commented that obama was going to take care them. Why don't you take care of yourself, it is no one elses place or responsiblity to take care of you. It's no one elses fault that you chose to not go out and get an education so you could get a decent job. People like you who think the world "owes you something" really disgust me. Go get a job....

R Borden of TX @ Mar 20, 2009 15:20:05 PM

obama will take care of me

Obama gonna take care a me. He gonna pay my mortgage and bail me out. He gonna pay for me when I am old too. Obama gonna take care of people like me. The rich will be taxed to cover my expenses.

j tannic of AL @ Mar 06, 2009 16:49:22 PM

Don't we already have a GRA..called Social Security?

I will admit right from the start that I am a complete dunce when it comes to finance and economics. Given this, I still can't help but think that we already have a mandated retirement account or GRA called Social Security. Employers by law withhold FICA tax of 6.2 from every paycheck. Can someone be so kind as to clarify where I am wrong on this. I am also disturbed by the fact that I have heard for the last decade or so, that Social Security will not be available for future generations, remember the lock box debate years ago. Why than, would I be open to the idea of letting the Government take my only legitimate retirement asset and squander it away as they have done so willingly with SS.??

Scott of MN @ Mar 05, 2009 11:45:53 AM

take over CDs as well

Here is what they are going to do. Cds are currently yielding about 2.5 %. The feds are paying high interest for the billions they are borrowing. they will "convert" all CDs to a guaranteed rate. (what 3%) to insure "safety and stability" so that saving is " secure". It will all be done to simply help us. and besides, the largest holders of CDs are the greedy rich and they probably did not vote for BO. Now you say that is absurd! what would you have said a year ago to nationalizing banks and a 3.55 B$ budget with more to follow? Bernie Centerburg, Ohio

Bernie Doran of OH @ Mar 02, 2009 20:05:31 PM

Poor government monetary track record

The government's track record shows that they are the last people who should be managing our retirement funds or at least the last people we should seek financial advice from. I read this blog a couple months ago concerning this very topic. The blogger points out the staggering effects if this came to be. Check it out.

http://inurfaceinvesting.blogspot.com/2008/10/wtf-is-happening-to-your-401k.html

Paper Chaser of NY @ Mar 02, 2009 13:13:41 PM