“Face it, the money’s gone and they’re trying to hide that fact as long as they can.”
Well, if they can’t borrow it, they’ll have to take it.
Interesting thing here is that they’ll get to tax folks who take their money out of retirement plans in fear of the government, and then if it’s not enough, they can take the rest and “invest” in treasuries to finance more spending.
The other thing this might do is convince people NOT to put more money into 401k’s and spend it instead - increasing consumption.
They’ll get money on the rumor alone.
These are diabolical folks.
Just like I said yesterday, The healthcare that they want to pass has nothing to do with health and everything to do with taxes. They want there tax revenue. They won't be there when it takes affect and will leave it to someone else(does Social Security ring a bell). They are trying to prolong the inevitable of the crash of the dollar.
Ha, funny thing, that is just what I did last year when I first heard mention of this proposed theft by some of our scumbag congressmen - I cut my excess contributions to the minimum, and am now considering early retirement so as to spend down my portion of this obvious pool of money apparently plum for the criminal $hitbags in DC.