Posted on 01/05/2015 9:37:59 PM PST by Citizen Zed
For now.
Progression of seat belt laws:
1. A secondary offense if pulled over for something else, and a young child was not seat belted.
2. A primary offense. You can be stopped and ticketed for a young child not seat belted.
3. A secondary offense if pulled over for something else, and anyone is not seat belted.
4. A primary offense. You can be stopped and ticket for anyone in the car not wearing a seat belt.
Nanny (read:statist) government is very good at incrementalism. It will be mandatory soon after implementation. Then, the government will take over management of all retirement accounts.
For your own good.
The IL regime will siphon off the interest that will accumulate from the savings accounts to keep for their own, to use for gov’t projects. The gov’t will get the interest, not the persons who join the new retirement accounts.
Sounds like “Social Security.”
Are they going to invest it in something ‘safe’ like municipal bonds?
All to be forfeited once you have your death panel review upon “retirement.”
Sounds like MYRA
Investing in the ObamaFund; Treasury rolls out a new savings plan without a Congressional vote.
http://www.freerepublic.com/focus/f-news/3241943/posts
Obama step closer to seizing retirement accounts
http://www.freerepublic.com/focus/f-news/3122884/posts
Yeah. But it’s “ opt out”. That means a lot of idiots will pay in because they are too stupid or can’t be bothered to opt out.
Ya and I am sure it will be as easy as getting out of paying the political portion of your Union Dues...
What a co-wink-a-dink, aren't Illinois State Pension Liabilities as bad off if not worse than California's?
Yep. Anyone who signs up for this is clinically insane.
I don’t really call something you are automatically enrolled in and have to “manually” opt out of ‘voluntary’.
This is like the Columbia Record club if you ask me.
If the government can’t spend it directly, they’ll borrow against it or figure out some other way to get at it. Your retirement money is safer with a heroin addict.
At least they offer an opt-out. I’m surprised they didn’t make it impossible to say “no”.
Funds are supposed to managed by a private investment firm and the state won't have access to them. Details at this point are a little sketchy on what type of funds will be offered. It doesn't go online until 2017. It is suppose to be a Roth 401K style account, which means taxes are paid going in. The state is broke. It wouldn't benefit them to do a regular tax deferred 401K even though it could be beneficial to some people.
I’m sure this’ll be OK.
Didn’t the Republicans try to do this with social security and the Dems called it cuts?
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