He is doing exactly what his wife said he would. She said some people were going to have to give up things when Brack comes into power, to paraphrase. The people giving up things are the productive, responsible people in society.
Kiss our 401Ks goodby. I’m thinking of liquidating mine.
Michelle Obama has always been the spoon that stirred the pot
Look at the first two pages of the FR search with 401K as the keyword.
There are numerous threads with the title of:
House Democrats Contemplate Abolishing 401(k) Tax Breaks!!!
Also, see the number of threads titled:
Dems Target Private Retirement Accounts
IIRC, one of BO's pastors (Not the G** D*** America one) said it was time for everyone to "share" their retirements with those less fortunate.
Oh well... most everyone who has busted their butt over the last 20 years has now seen half their retirement savings go up in smoke.
The Obamas must be happy. They have a mansion, book deals, and retirement at our expense.
FUBO, and FUMO
Kiss our 401Ks goodbye. I’m thinking of liquidating mine
Are you just switching from stocks to money markets? I’ve been switching over to money funds since December but am still not confident that this is a good move. I just hate locking in the losses but I also hate seeing the daily loss of my family’s hard earned meager wealth.
I heard that alot of our money is ending up in the Mexican drug cartel’s now existing in our cities in every state (except Michigan).
Several trillion just sitting there. It's too tempting for 0.