It’s the Democrat way: Deny deny deny until suddenly it’s implemented, at which point it turns into “so what are you gonna do about it?”
Rush, Rush, Rush. You always claim your are right.
While I am very skeptical about putting money in the Obama-retirement account, it is voluntary and has nothing to do with the rest of our 401K savings plan.
Lets see how many sign up.
“Obama visited a Costco food warehouse in suburban Lanham, Md., where entry-level employees start at $11.50 an hour, to tout his call for a $10.10 minimum wage. At a U.S. Steel Corp. plant outside Pittsburgh, he signed a presidential memorandum to create the “myRA” program, which he told employees would go toward “making sure that after a lifetime of hard work you can retire with some dignity.””
What a maroon. And he admits that without Congressional action the myRA won’t work.
Stealing our retirements is a good way to test the battlefield skills of older Americans.
All the commies have to do is remove tax-protection from the funds in the 401K except for any funds invested in USBonds (3% return).
Voila!
Bkmk
They want to herd everyone into a central, Federally managed pension fund. This offers several advantages for Dems.
-They can bail out their union buddies by rolling their failed, underfunded pension plans into the larger pool.
-They can use the money to buy Treasuries and run their own unending QE program.
-They can invest the money in the stock market and gain a HUGE amount of leverage and control over corporate America.
-They can use the money to throw an accounting mask over the size of the deficit, to cover for more spending.
-They can achieve levels of redistribution, at least amongst the retired, heretofore unimagined.
“If you like your 401(k), you can keep it.”
A lot of huffing and puffing on this thread, but not a darn thing will be done about it from the right.