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Government Control of your 401(k); More class warfare
February 22, 2010 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Family values, Politics, socialism, Uncategorized | Tags: 401(k), budget deficits, retirement planning, Social Security Trust funds, US Treasuries | 1 comment
Should the federal government be able to decide where and how your 401(k) contributions will be invested?
“In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years.”“They will tell you that you are “investing” your money in U.S. Treasury bonds. But they will use your money immediately to pay for their unprecedented trillion-dollar budget deficits, leaving nothing to back up their political promises, just as they have raided the Social Security trust funds.”
Pros? Cons?
