[Jet Jaguar]

Ping.

[DesertRhino]

Investing in something with no risk. Wow, that’ll bring some solid yields.

[Ghost of SVR4]

That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings

Bush tried this, it was a "risky scheme, SCHEME!!!!!" The Democarats howled at the idea. I guess Obama's is better, it keeps the government in control of the funds, ya sucka's..

[Viennacon]

This sounds worse than Cash 4 Clunkers!

[KarlInOhio]

You can already invest in series I savings bonds which defer income taxes up to 30 years and pay at least the inflation rate. And currently they pay a better rate than inflation rate based Treasury Bonds.

[TomGuy]

A guaranteed rate of return?

Such as what?

Current interest returns are as small as 0.01%. I happen to have an older annuity that is currently returning 4.75% — which is massive in the current low interest period. About 15 years ago, 8% was considered a low-moderate saving rate.

==

This bond sounds like more feel-good-ism that sounds good and looks good on paper, but in reality may not be.

[Lurkina.n.Learnin]

Will they let you put your Social Security here instead of the Ponzi scheme it’s in now?

[Graewoulf]

Myra, - - - Myra - - - . There is a Country song in there somewhere - - - .

[skinkinthegrass]

well..there it goes; all ira/401accounts, 0'B@$t@$d is going to destroy any
tax advantage of these accounts..the IRS (brownshirts) shall be given that duty.

[fhayek]

Lending money to the U.S. government. Maybe I am wrong, but it seems to me to be a huge red flag when a borrower browbeats a credit rating agency not to lower its rating on the borrower’s debt. But what do I know?

[Slyfox]

He gets billions of dollars printed so he has got lots of walking around money for his pals.

He screws around with our health insurance to make it more expensive for everyone.

Then he thinks he can make it all nice by passing out some worthless saving bonds.

What the hell is wrong with this picture?

[woofer2425]

When I was a Registered Investment Advisor....if I offered an investment that I claimed had no risk and a guaranteed return...I would have been in big trouble or could have some jail time.

[crz]

OH YA. Put it into a treasury note that has how much debt? That’ll work real well.

They’ll suck it into the big black hole and you wont see a GD penny.

[Vince Ferrer]

This is a good deal, for the government, not for the citizens who will participate in it. China doesn't want to buy our bonds anymore, and have in fact announced that they will not. The Fed stepped in and bought them for years, but now they are sick of it, and don't think it is effective. Japan, the next biggest buyer, is going to start net selling because they need to start cashing in their retirement funds.

So, either we can cut our budget to the level where we don't have to sell bonds, or we can just find another customer.

Welcome suckers!

First, it is voluntary for people with no other retirement savings. Then it becomes mandatory. Then 401ks get rolled into it. And then the levels of required investment keep increading, until finally Atlas shrugs. But it keeps the game going for a little longer.

Get your money out of the Matrix.

[fatnotlazy]

When this guy says something is “no risk,” better run for your life.

Everything Obama comes up with is risky to your financial well being.

[Free Vulcan]

Continuing debt funded QE was my first thought when he said this. Guess I’m not the only one who caught that.

[Doogle]

..sorta like, “You can keep your money, and you can keep your savings”...he guarantee’s it

[dfwgator]

Just wait until you wake up one morning and find out your 401Ks were all converted to them.

[struggle]

Soon, all of our investment accounts will be MYRA’s by government dictate.

[catnipman]

Step 1: Create the MyRA bond.

Step 2: Forcibly convert ALL IRAs and 401/403b to MyRAs by forcing them to sell all current holding and buy MyRAs with the resulting cash.