401(k) Foe Teresa Ghilarducci, the Most Dangerous Woman in America

New School for Social Research

I heard about the " New School for Social Research " 50 years ago when I was a kid and even at my young age knew that it was a Socialist/Marxist organization . Obviously they have not changed. These people are SICK puppies.

Arminius Aurelius of FL @ Aug 02, 2009 18:29:49 PM

3% over WHOSE CPI???

If anyone out there believes that the "cpi" is a measure of anything worthwhile, I have a bridge in Brooklyn to sell you.

Are we talking about the CPI in total? or after housing, gas and other more variable items have been removed?

Irving Jones of NJ @ May 12, 2009 13:43:08 PM

Fantastic! Why wait? Issue 3% over CPI Bonds NOW!

Why wait to confiscate? Hey, if the government wants to issue bonds with a guarantee of 3% over CPI count me in!! That would be a heck of a lot better than current I-Bonds!

I'd probable sell all of my current bonds (34% of my IRA) and grab it.

Regardless, if the government tried, or even seriously talked about, such a take-over it would TOTALY trash the financial and equity markets. Can you imagine the effect of pulling that much money out of the equity markets? Our economy would come to such a screeching halt that it would not likely recover during our lifetime. By then China would rule the world markets.

Further, law suits would delay it and give Congress time to overturn such a move. Let's face it - even Democtatics get BIG money from folks with large equity portfolios and 401K's.

Glenn Hansen of IL @ May 04, 2009 14:04:10 PM

what's her name?

She is a fool.

And we are a fool if we do what she says.

U NO HOO of PA @ Apr 27, 2009 14:06:56 PM

MADNESSSSSSS!!!!!!!

This is getting out of control!!!!! What the h---!!! Make it stop AMERICA! YES WE CAN STOP THIS!!! YES WE CAN. Write your congressman. Socialism does NOT work. It never has and it never will. WAKEUP PEOPLE!!! MAD

Laura of GA @ Feb 20, 2009 22:18:56 PM

Won't Happen

One professor comes up with an unworkable idea and everyone panics. Obama isn't the fool he is made out to be. This plan would never pass muster and if passed would guarantee an electoral revolt.

Fix social security, then change it to a 401K type plan. If you want responsibility enforced then mandate 50% in conservative full proof investments (govt. guar.). LEAVE control of the accounts to the individual.

Frank of VA @ Nov 28, 2008 11:33:41 AM

Teresa Ghilarducci

Teresa Ghilarducci is the Irene and Bernard L. Schwartz Professor of Economic Policy Analysis at the New School for Social Research. I believe her title should actually be the Morticia and Gomez Addams Professor of Economic Policy Analysis.

Richard Sexson CPA of IN @ Nov 18, 2008 16:03:08 PM

It should be a matter of choice

If supposedly we get to keep our current 401K or IRA then an alternative choice for individuals to decide if they want a govmt guaranteed return is fine. However, we as "free Americans" should be able to continue to choose to keep control of our money and manage our money our own way. If she wants those who earn little to have another choice that guarantees them a 3% real return (she does not even know what it is called) then great that will be their choice. The tax break we get for contributing to an IRA wld be gone - that is not fair. Those who want the new plan and get 600, great no problem, just let the others who do want to have control over their money have their "freedom".

will of ID @ Nov 16, 2008 00:41:30 AM