Comments on: Now They Want Your 401k – Update From Conservative 247

By: Radio Vice Online » The 401k Lives … For Now

Radio Vice Online » The 401k Lives … For Now — Fri, 24 Oct 2008 22:24:08 +0000

[...] sure if this puts to rest the rumor the Dems want to kill the 401k (see C247’s and my post here) or are they just shelving it until inauguration day. You choose. Cavuto gets a denial from [...]

By: Democrats Have A New Plan: Privatize Social Security And Kill The 401K.. | PoliticsMuch.com

Fri, 24 Oct 2008 20:19:47 +0000

[...] Radio Vice Online » Now They Want Your 401k [...]

By: Democrats Have A New Plan: Privatize Social Security And Kill The 401K.. | Right Voices

Fri, 24 Oct 2008 00:25:28 +0000

[...] Radio Vice Online » Now They Want Your 401k [...]

By: Dave in EH

Dave in EH — Thu, 23 Oct 2008 22:33:55 +0000

Crooked as a dog's leg.

Remember — SSI ends up in cheaper paper than 3%. Eventually, this will end up in that sort of paper.

Maybe Menken was right:

"A national political campaign is better than the best circus ever heard of, with a mass baptism and a couple of hangings thrown in."
— H. L. Mencken

Not necessarily the quote I was thinking of, but it will serve for the moment.

By: Congress wants your 401(k) tax breaks back | Conservative247

Congress wants your 401(k) tax breaks back | Conservative247 — Thu, 23 Oct 2008 22:25:10 +0000

[...] Vicevich has it too. [...]

By: Steve

Steve — Thu, 23 Oct 2008 17:32:56 +0000

I posted about this too. Remember, it's just a couple of Democrats that like the idea proposed by Teresa Ghilarducci, professor of economic-policy analysis at the New School for Social Research in New York. Social research? Other schools include general studies, management and urban policy, design, liberal arts, music, drama, and contemporary arts.

Let's just say the school's professors don't have privileges at Hillsdale.

“I want to spend our nation’s dollar for retirement security better. Everybody would now be covered” if the plan were adopted, Ghilarducci said.

It's not your money Ghilarducci.

Socialism? Check.
http://conservative247.org/government/683/congres…

By: Dimsdale

Dimsdale — Thu, 23 Oct 2008 17:20:13 +0000

Wasn't the rate on the income tax when it was first implemented something like 3 -5%? Now look at it.

There is no way, much as in the case of SSI, that the government will be able to look at that pile of cash and not say "we could spend it better." Then they will hand us a bunch of IOUs for this nestegg too.

Isn't SSI enough? We have 401Ks because SSI is underperforming for the needs of retirees, and it has to be supplemented.

I encourage you to look at the story of Galveston, which was able to opt out of SSI before the loophole closed. Check out the results.

You will love this one, Jim!
http://www.ncpa.org/ba/ba215.html