My guess is that the Democrats will make a move on our retirement funds . One trick is to require all retirement accounts to hold at least 10% U.S. government bonds.
Hey, it’s for safety.
/s
And it would grab a quick $1 Trillion dollars from us taxpayers for BHO’s friends.
“My guess is that the Democrats will make a move on our retirement funds . One trick is to require all retirement accounts to hold at least 10% U.S. government bonds.”
I have no problem with US Treasury Notes/bonds, and a big problem with owning any Freddie or Fannie BS. I got out of those bonds or mutual funds owning them about the time the Whoreacle of Omaha did.
Last week both John and Snowbami came out against forcing us old goats to start really pulling from our IRAs at age 70.5.
My wife wondered why Snowbami would do that. I think that you have just pointed why.
Of course when he is sworn in, he will take at least 5% a year at least, from our IRA’s and 401k’s and “donate” that money to Je$$ie HyJack$on, Acorn, Nation of Islam, and the unreverend $harpton for more reparation payments. So the longer we have money supposedly in those accounts we can support the reparations and bailout.