The steps announced are just the beginning.
Almost no one wants to even contemplate this happening, but it will happen.
Can’t read anything from this 20 something principled Cruzlim.
that was the next “comprehensive reform” after he hijacked everyone’s health care. but then he lost control of congress. this must be plan B
Democrat presidents come and go, but far left regulators are forever. Democrat, not Republican presidents leave their mark.
And when are we going to send them back?
Home price bubble, unavoidable default, valueless foreclosures, Real Estate crash.
Gasp - went and read about it in the WSJ. This is calamitous. Government run retirement plans based on zero government liability is a nuclear bomb on savers. I mean, what could possibly go wrong? Thanks for posting the article since we’re looking at a new Obamacare style fiasco.
I personally think the fiduciary rule is a good thing; yes, it’s true that the level of effort will increase for financial professionals, so you may need to save your money for a bit to meet the minimum, but it’s worth it. I did this all by myself; waited until I had $20k so I could get someone to help me plan my financial future who wasn’t working for the other team. Best decision I ever made.
Progressives are such scum.
Isn’t that what Hillary proposed for 401k plans? The government takes the money and pays you back like 3% on it?
Ryan and the GOPe, along with the usual cabal of dems, were pushing for this a few years back. Basically, it involved rolling ALL retirement accounts and pension plans into social security, which amounted to confiscation of retirement funds by the federal government.
The steps announced are just the beginning.
Almost no one wants to even contemplate this happening, but it will happen.
Someone’s got to pay all the government bills.
YOU didn’t save that!
This author is hot and articulate.
A freaking GENIUS..!
Look into this.
Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into Government Accounts
Article and # 23.
This is because the people running state plans are so much smarter and so much more honest than those running private plans.
The fact that public employee retirement plans are almost as a rule going broke should not dissuade you of this fact.
We need to jail these bastards now
“Congress, call your offices.”
CONgre$$, call your offices.
7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game. This is an essential point, and happily is attended with no difficulty. A sufficient number, properly disposed, can alternately legislate and speculate, and speculate and legislate, and buy and sell, and sell and buy, until a due portion of the property of their constituents has passed into their hands to give them an interest against their constituents…
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
bfl
