obama wants your 401k....

Discussion in 'Politics' started by manu1959, Jan 28, 2009.

  1. manu1959
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    manu1959 Left Coast Isolationist

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    yes this is from october....but george miller is on the rampage again......

    House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com

    House Education and Labor Committee Chairman George Miller, D-California, and Rep. Jim McDermott, D-Washington, chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.

    Under 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 percent 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 percent a year, adjusted for inflation.

    The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.

    because i am too stupid to invest my own money.......nevermind that i have made more than 3% per year....
     
  2. RodISHI
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    RodISHI Gold Member

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    :confused:I did not know Obama worked for Wells Fargo fka Norwest.:question:
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    More money for the fucking government to play hide and seek with.
     
  4. WillowTree
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    WillowTree Diamond Member

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    He actually works for ACORN
     
  5. Ravi
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    Ravi Diamond Member

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    Can't find any reason to not like Obama so you've resorted to repeating lies? This is getting quite pathetic.
     
  6. RodISHI
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    RodISHI Gold Member

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    When did ACORN start buying up banks and mutual fund management companies?
     
  7. manu1959
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    manu1959 Left Coast Isolationist

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    when obama got into office.....wait ...this is a trick question......

    since the government has virtually robbed and bk'd social security......are you in favour of creating a parallel retirement system that you are also forced to contibute to that is controlled by the same idiots that messed up the first one.....
     

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