[Libloather]

Democrats target your 401(k)

[johnny7]

[sickoflibs]

RE :”Your pre-tax annual contribution to a 401(k) will be taxed...”

Doesn't this look like what we need, a nice juicy target like Guantanamo, and fairness doctrine? Pelosi has been very careful NOT to try anything crazy 2007-2008 that wasn't poll tested. We actually NEED them to try some crazy stuff to start the fall of the messiah. To 1993!

[originalbuckeye]

By confiscating our 401Ks they will achieve two gaols. They will take all our retirement savings and put it into their Government and they all the 401K money from the Market. Wow. Their Socialist takeover of our country seems all but unstoppable. I hope good and faithful Dems and Pubbies stand up to stop this megalomaniac.

[alicewonders]

Bookmarking for later. Thanks.

[originalbuckeye]

they will take all the 401K money out of the Market.......(sorry, deletion problem)

[Harry Wurzbach]

Turning your 401(k) into Social Security. Surprise, Obama voters.

[MathDoc]

RE :”Your pre-tax annual contribution to a 401(k) will be taxed...”

I love the phrase "pre-tax ... will be taxed". War is peace. Freedom is slavery. Obama is good.

My guess on the outcome:
1. Whether or not they go ahead with stealing from the rich to give to themselves, the Democrats just killed investments in 401(k)s. I will not be sending money to an account marked for confiscation this year, and I suspect I have company in that respect. I wonder if that was part of their goal - create a crisis in savings so they have an excuse to grab more money "for our own good".
2. If they take our retirement accounts, quite a few responsible people will resent the theft enough to actively resist Obama and his national socialists.