A friend in the Army Corp of Engineers told me a couple of weeks ago that the federal government tried to do this same thing back in ‘95 or ‘96 when we had the same government budget limit issue, and he said the courts slapped the fed’s attempt down and prevented them from doing this. If that’s the case, then a legal precedent was set that I would think should hold up again this time. Thoughts?
First they came for the Social Security Funds and no one complained.
Then they came for the Federal Retirement Funds and no one complained.
Then they will come for the private retirement funds and no one complained because there was no one left.
Welcome to the Dark Ages people when everyone and everything belonged to either the local Laird of monastery.
take a close look at all the “privileges’ the local Laird had up to an including to the first night in the new wife's wedding bed.
It has happened before and will happen again.
The bailout was temporary, now this.....delay tactics until the real planned pillage of Vampire-Care begins.
So now the Feds own base can feel the pain, of having Obama and his inept Cabal of Czars taking the money from them.
Maybe the Dems will begin to see the Implosion coming, from Obama’s Mismanagement of the US economy.
I can’t believe how little this thread has gotten notice.
BUMPS!!!!!
What could possibly go wrong?
I think it’s funny that mostly liberal government employees’ “wealth” is be redistributed.
My husband is 52, 7 and 1/2 years away from withdrawing his money from his plan without penalty. (and yes, this is his money, contributed by him with no federal matching).
Do we bite the bullet and take the 33% penalty? Do we leave it there and trust that it will be there in 7 years?
Or go see a financial advisor and figure it out with them?