> How could enhancing retirement savings not be a good idea? And, even better, it is a free lunch. Again in the words of the White House, “the account balance will never go down in value” and will be totally secure because it will be “backed by the U.S. government.”
It’s not like he’s lied about anything else to us, right?.../s
giving more money to the same people that have stolen 15% of our income our entire lives would just be stupid
then again, he was ‘elected’ ... twice
Soros has really been doing his homework on how to kill a superpower. Bankrupt it, kill the family unit, and emasculate and demoralize the military. Sounds like he’s on course. Oh that and put an inept moron in charge...
GOVERNMENT: “Yeah, we are getting tired of getting your money through payroll deductions and quarterly taxes. We need BIGGER chunks of your money because we have a lot of leeches to feed.”
A conservative POTUS could make a big splash by returning the SOTU to just a written document, like it was from the time of Jefferson to that of Woodrow Wilson. It would stop the waste of a month of government time and tens of millions of dollars on that utterly nonsensical “dog and pony show”.
The conservative POTUS could do even more by removing Washington, D.C., especially the POTUS, from the news every single night. Perhaps once a month, the White House would put out a statement to the press, covering the previous month’s highlights, and that is it.
The truth is that America is sick to death of the “dope opera” of egoists in Washington, D.C. They are supposed to run the government, not just continuously brawl on “info-tainment” “news” shows.
The bottom line of a conservative POTUS doing this would be to make what statements the White House put out important again, eliminating the obsessive trivia that invades and annoys the lives of the citizenry.
I don’t really understand how these are different from IRAs. Are there minimums (de jure or de facto) for IRAs?
My...My! A new scam just like the lies told the first to “volunteer” their contributions to the beginning of the Social Security scam.
Is anyone so stupid (or indoctrinated to the government way) as to fall for this scam?
In ALL CASES any wonderful government program that deals with money of any kind, will become a beast that will suck the financial blood of those fools who allowed it to be born. Best of all, any volunteer type of government plan will quickly become mandatory and the IRS will ensure you pay.
Only Obama voters are fool enough to fall for this.
The scam, if you will, is finding a way that encourages people to purchase government bills and bonds.
America is dependent on entities willing to purchase government bonds. This will become more urgent as quantitative easing dwindles down.
The Fake White Indian wants to dispense with the income cap on SS taxes, and actually INCREASE benefits.
Look at how well that polls, and then abandon all hope.
The Founding Fathers would have known what to do. They would have dragged this scoundrel out of the legislative chambers, tarred and feathered him, and run him out of town on a rail.
I think the MyRAs are silly, because they are token accounts—they can’t be large enough to actually help in retirement. On the other hand, I don’t think they increase government debt. Rather, the funds that people put into them will be used to purchase government debt, and plenty of that will be issued under existing policies. The accounts will be backed by T-Bonds—but they won’t create new deficit spending, because they will be taking in money to buy government debt.
So, even at today’s low rates, it’s easy to guarantee principal and a 2% return—bonds pay more than that.